Q2123
Mr. Ashok Kumar has taken a mine on lease whose minimum rent is Rs. 1,00,000. The rate of royalty is Rs. 1 per ton. The production in a particular year is Rs. 80,000 tonnes. What will be the amount to be paid by Mr. Ashok?
A.
Rs. 80,000
B.
Rs. 1,00,000
AnswerC.
Rs. 90,000
D.
Rs. 50,000
Answer: Option B
Solution
Answer: Option B
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