CA CPT Model Test Paper 11 with solutions for online practice

A and B entered into a joint venture. They opened a joint bank account by contributing Rs. 2,00,000 each. The expenses incurred on venture is exactly equal to Rs. 2,00,000. Once the work is completed, contract money received by cheque Rs. 4,00,000 and in shares Rs. 50,000. The shares are sold for Rs. 40,000. What will be the profit on venture?