Multiple choice

A & B enter into a joint venture sharing profit and losses in the ratio $3:2$. A will purchase goods and B will sell. A purchase goods costing Rs$2,00,000$. B sold it for Rs$3,00,000$. The venture is terminated after $3$ months. A is entitled to get $10\%$ interest on capital invested irrespective of utilization period. The amount of interest received by A will be:

  1. Rs$20,000$
  2. Rs$10,000$
  3. Rs$15,000$
  4. Rs$25,000$
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A Correct answer

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