CA CPT Model Test Paper 1 with solutions for online practice

A and B were partners in a joint venture sharing profits and losses in the proportion of 3/5th and 2/5th respectively. A supplies goods to the value of Rs. 60,000 and incurs expenses amounting Rs. 6,000. B supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 1,000. B sells goods on behalf of the joint venture and realizes Rs. 1,00,000. B entitled to a commission of 5% on sales. B settles his account by bank draft. Find out the profit on venture?