Multiple choice

A & B are partners and decided to take C, the manager as partner on and form $1.1.2015$ C's share of profit after following adjustment was Rs.$8,620$ -Interest on capital $@ 5\%$ p.a. capital of each partner is Rs.$30,000$. -C is credited with salary of Rs.$500$p.m., Rs.$200$ of which was debited to A; Rs.$100$ to B and Rs.$200$ to the firm. Divisible profits have been divided in the ratio of $5:3:2$. Net profit before above appropriation will be ___________________.

  1. Rs.$53,600$
  2. Rs.$50,000$
  3. Rs.$55,600$
  4. Rs.$50,600$
Reveal answer Fill a bubble to check yourself
B Correct answer