What will be the profit on venture? - ProProfs Discuss
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What will be the profit on venture?

A and B entered into a joint venture. They opened a joint bank account by contribution Rs.200000 each. The expenses incurred on venture is exactly equal to Rs.2,00,000. Once the work is completed, contract money received by cheque Rs.4,00,000 and in shares Rs.50,000. And in shares Rs.50,000. The shares are sold for Rs.40,000.
1. Rs.2,50,000
2. Rs.2,40,000
3. Rs.4,40,000
4. Rs.4,50,000

Asked by Sweetsalman, Last updated: Apr 16, 2024

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1 Answer

John Smith

John Smith

John Smith
John Smith

Answered May 11, 2017

Rs.2,40,000
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