Anurag and Prem were partners sharing profits and losses in 2:1

Dear Student 


Working Note 
1. Anurag took 60% stock at discount of 20%= 1,00,000 ×60%× 80% = 48,000 
2. 25% of remaining stock sold at profit of 40%
  • ​​​​​​remaining stock = 100000-60000 =40000
  • 25% of remaining stock= 40,000 ×25% = 10,000
  • 25% of remaining stock sold at 40% of profit= 10,000×140% = 14000
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Regards
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