Question : There were investment worth Rs.1,20,000, 75% of the investment were taken over by partner at 75% of the book value. The value at which the investment are taken over is ?
Option 1: Rs.80,000
Option 2: Rs.90,000
Option 3: Rs.65,000
Option 4: Rs.67,500
Answer (1)
25th Jan, 2024
Correct Answer: Rs.67,500
Solution : Total Worth of investment is Rs.120000
75% of the investment were taken over by partner at 75% of the book value
Hence the investment are taken over by Partner is
120000 * 75% * 75% = Rs.67500
Hence the correct answer is option 4.
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