Read the following information and answer the following question.

A and B are partners sharing profits equally. Average capital employed of the firm is ₹10,00,000. The normal rate of return is 11%. Salary to each partner for his service to be treated as a charge on profit- 30,000 per year. The asset of the firm excluding goodwill is 11,00,000 and liabilities 1,00,000. The profit of the firm is as follows-
₹1,60,000(2016)
₹1,40,000(2017)
₹2,70,000(2018)

What are the total salary expenses for the firm per year?

₹60,000

The correct answer is option 1- ₹60,000.

SALARY OF EACH PARTNER IS ₹30,000
So, there are 2 partners.
So salary expenses = 30,000*2
                                = ₹60,000