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and are partners in a firm of which is a sleeping partner and is a working partner. invests Rs. 180000 and invests Rs. 90000 . receives of profit for managing business and the rest is shared between both in ratio of their investments. M's share in the profit of Rs 24000 is?

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answer is A.

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Detailed Solution

Concept-Profit received by N as working partner

of Rs. 24000 :

Balance in profit

Rs.
Ratio of investment of

and

Then M's share in profit:

Thus, M's share in profit

Rs.
Hence, option 1 is correct.

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