Question
The average income of 'Pawan',
'Qureshi,' and 'Ranjan' is Rs. 'y', and their incomes are in the ratio of 5:3:4, respectively. 'Pawan,' 'Qureshi,' and 'Ranjan' save 40%, 20%, and 30% of their respective incomes. Determine the value of 'y' if 'Qureshi's expenditure is Rs. 1,500 less than 'Pawan's expenditure.Solution
ATQ, Let the incomes of ‘Pawan’, ‘Qureshi’ and ‘Ranjan’ be Rs. ‘5x’, Rs. ‘3x’ and Rs. ‘4x’, respectively Expenditure of ‘Pawan’ = 5x – 5x × 0.4 = Rs. ‘3x’ Expenditure of ‘Qureshi’ = 3x – 3x × 0.2 = Rs. ‘2.4x’ Expenditure of ‘Ranjan’ = 4x – 4x × 0.3 = Rs. ‘2.8x’ ATQ, 3x – 2.4x = 1500 Or, 0.6x = 1500 Or, x = 2500 Average of incomes of ‘Pawan’, ‘Qureshi’ and ‘Ranjan’ = {(5x + 3x + 4x)/3} = Rs. ‘4x’ Or, average of incomes of ‘Pawan’, ‘Qureshi’ and ‘Ranjan’ = 4x = 4 × 2500 = 10000 Or, y = 10000
The accounting concept that assumes a business will continue to operate for the foreseeable future is called:
Which of the following types of companies are not permitted to set up operations in GIFT City's IFSC?
Which of the following is NOT a component of the expenditure approach to calculating Gross Domestic Product (GDP)?
Why is clear communication considered a conflict prevention strategy?
Which of the following principle of HRD, the top management defining the distribution of authorities and responsibilities to the subordinates so that a ...
Which of the following statements is not correct?
 As per FEMA maximun amount a resident individual can pay in India, for meeting of medical expense of a NRI close relative is __
What is the distinction between ethics and morality based on their scope?
Which of the following is not a subsidiary/associate company of SIDBI? Â
What recent amendment has the government made to the foreign direct investment (FDI) policy in the space sector?