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Mahesh who keeps his books on Single Entry System sells goods at Cost plus 50%. On 1st April, 2017 his Capital was ₹4,00,000 and on 31st March, 2018 it was ₹3,50,000. He had withdrawn ₹20,000 per month besides goods of the sale value of ₹60,000. How much did he earn in 2017-18?

Answer» Mahesh who keeps his books on Single Entry System sells goods at Cost plus 50%. On 1st April, 2017 his Capital was ₹4,00,000 and on 31st March, 2018 it was ₹3,50,000. He had withdrawn ₹20,000 per month besides goods of the sale value of ₹60,000. How much did he earn in 2017-18?


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