Mr. Ashok Kumar has taken a mine on lease whose minimum rent is Rs. 1,00,000. The rate of royalty is Rs. 1 per ton. The production in a particular year is Rs. 80,000 tonnes. What will be the amount to be paid by Mr. Ashok?
A. Rs. 80,000
B. Rs. 1,00,000
C. Rs. 90,000
D. Rs. 50,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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