Practicing Success
Practicing Success
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Capital Employed by a partnership firm is ₹350000. Its average profit is ₹60,000. The normal rate of return in a similar type of business is 10%. What are the super-profits earned by the partnership firm? |
₹25000 ₹60000 ₹45000 ₹55000 |
₹25000 |
Normal profit= 350000*10/100 = ₹35000 |
