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If the average capital of a business is Rs. 60,000 and the normal rate of profit is 15%, then the normal profits will amount to—?

(i) Rs.10,000 

(ii) Rs.9,000 

(iii) Rs.15,000.

Accounting Financial Accounting
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Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2015/07/31
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Muhammad Talha Yousaf (ACA, ACCA, MSc, EY)
by Muhammad Talha Yousaf (ACA, ACCA, MSc, EY) , Finance Manager , Mark Industries

The answer is Rs.9,000. Average capital is to be multiplied by normal rate of profit.

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