A and B purchased a piece of land for ` 30,000 and sold it for `60,000 in 2016. Originally A had contributed `12,000 and B `8,000. The profit on venture will be

Name: A and B purchased a piece of land for ` 30,000 and sold it for `60,000 in 2016. Originally A had contributed `12,000 and B `8,000. The profit on venture will be
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The profit on the venture is the difference between the selling price (`60,000) and the purchase price (`30,000), which equals `30,000.

A and B Purchased a Piece of Land for `