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Examveda

A, B and C are partners. They admit D as a partner and gurantee that his share of profit shall not be less than Rs. 20,000 p.a. Profits are to be shared in the ratio of 4 : 3 : 3 : 2 respectively. If total profits for a year were Rs. 96,000, A's share of profits will be:

A. Rs. 30,400.00

B. Rs. 32,000.00

C. Rs. 33,777.78

D. Rs. 24,000.00

Answer: Option A


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