Register To Attempt Complete Test
In a joint venture, X contributes ₹ 10,000 and Y contributes ₹ 20,000. Goods are purchased for ₹ 22,400. Expenses amount to 1,600. Sales amount to ₹ 28,000. The remaining goods were taken by Y at an agreed price of ₹ 800. X and Y share profits and losses in the ratio of 1:2 respectively. As a final settlement, how much will X receive?