Ram and Shyam enter into a joint venture. Both of them deposited - TopicsExpress

Ram and Shyam enter into a joint venture. Both of them deposited Rs.65,000 and Rs.32,500 respectively into a joint venture. Goods were purchased for Rs.75,000 and expenses amounting Rs.10,950 were incurred. Goods sold for Rs.90,000 and goods unsold were taken over by Ram at an agreed value of Rs.2,700. The profit on joint venture is: (a) Rs. 17,700 (b) Rs. 4,500 (c) Rs. 4,050 (d) Rs.6,750 TutorsCircle

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