Their capital was ₹ 1,20,000 and ₹ 2,40,000, respectively. They were enititled to interest on capital @ 10% p.a. The firm earned a profit of ₹ 18,000 during the year. The interest on Vidit’s capital will be: [1]
A. ₹ 12,000
B. ₹ 10,800
C. ₹ 7,200
D. ₹ 6,000
Answer:D
Their capital was ₹ 1,20,000 and ₹ 2,40,000, respectively. They were enititled to interest on capital @ 10% p.a. The firm earned a profit of ₹ 18,000 during the year. The interest on Vidit’s capital will be: [1]
A. ₹ 12,000 B. ₹ 10,800 C. ₹ 7,200 D. ₹ 6,000