X started business on 1st April, 2013 with a Capital of Rs. 1, 00, 000 and a loan of Rs. 50, 000 from the bank. On 31st March, 2014, his assets were Rs. 1, 75, 000. Find out his Capital as on 31st March, 2014 and profit earned during the year 2013-14.
Capital at the end = Assets - Loan from Bank
= 1,75,000 - 50,000 = Rs 1,25,000
Profit = Capital et the end - Capital at the beginning
= 1,25,000 - 1,00,000 = Rs 25,000
Also we would like to advice you that rather posting all questions on a single day, post one to two queries on daily basis in each subject as we need to tackle the need of other students as well.
= 1,75,000 - 50,000 = Rs 1,25,000
Profit = Capital et the end - Capital at the beginning
= 1,25,000 - 1,00,000 = Rs 25,000
Also we would like to advice you that rather posting all questions on a single day, post one to two queries on daily basis in each subject as we need to tackle the need of other students as well.