Q. A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture. (Solved)

1. (Loss) 10,000

2. 55,250

3. 44,000

4. 50,000

  • c. 44,000
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