If opening capital is Rs.60,000, drawings Rs.5,000, additional capital – InterviewSolution

1.

If opening capital is Rs.60,000, drawings Rs.5,000, additional capital Rs.10,000, closing capital Rs.90,000, what will be the profit earned?

Answer»

Profit = Closing capital + Drawings – (Additional capital + Opening capital)

Profit = 90,000 + 5,000 – (10,000 + 60,000) Profit = 25,000.

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