CA CPT Model Test Paper 6 with solutions for online practice

Alok and Rohit were partners in a joint venture sharing profits and losses in the proportion of $\frac{3}{5}$ th and $\frac{2}{5}$th respectively. Alok supplies goods to the value of Rs. 60,000 and incurs expenses amount Rs. 6,000. Rohit supplies goods to the value of Rs. 16,000 and his expenses amount to Rs. 3,000. Rohit sells goods on behalf of the joint venture and realises Rs. 1,20,000. Rohit is entitled to a commission of 5% on sales. Rohit settles his account by bank draft. How much amount Rohit will pay to Alok as final settlement.