Question
Which one of the following statements correctly
describes the meaning of legal tender money?Solution
Legal tender money refers to currency that must be accepted by creditors for settling debts.
In a business, A invested Rs. 1600 more than that by B. After 7 months, A left the business. If at the end of the year, profit earned by B is equal to t...
'A' and 'B' invested Rs. 16,000 and Rs. 12,000, respectively, in a business. After 8 months, 'A' added Rs. 8,000 to his investment, while 'B' withdrew R...
‘Anuj’ and ‘Bheem’ started a business with an investment of Rs. (m + 5000) and Rs. (3m – 2500) respectively. After eight months, ‘Bheem’ i...
Sunil and Manoj started a business by investing Rs. 70,000 and Rs. 1,20,000, respectively. Manoj withdraws his investment after some time. If at the end...
‘D’ started a business with a capital of Rs. 15000. After 4 months, ‘E’ joined the business with a capital of Rs. 10000. 6 months after ‘E’,...
'E' and 'F' enter into a partnership by investing Rs. 6,000 and Rs. 'z', respectively. Ten months later, 'E' doubled his investment, while 'F' withdrew ...
Ravi, Mohan, and Sunil started a firm by investing in the ratio 11:9:5 respectively. Sunil is the active partner managing the business, so he receives 1...
Viru and Vishal jointly started a business, with Viru's investment being Rs. 10,800. After 9 months, Vishal withdrew from the business. At the end of on...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...
M and N invested Rs. 3200 and Rs. 4800 respectively. After 15 months, M raised his investment by 25% and N decreased his by Rs. 800. If total profit aft...