Question
The ratio of income of 'X' to that of 'Y' is 5:6. Sum of
their expenditures is Rs. 80,000. Savings of 'X' is 30% more than that of 'Y'. Expenditure of 'X' is 45% of the sum of income of 'X' and 'Y'. Find the income of 'Y'.Solution
ATQ, Let the income of 'X' and 'Y' be Rs. '5m' and Rs. '6m', respectively. Let the savings of 'Y' be Rs. '8n'. Savings of 'X' = 1.30 × 8n = Rs. '10.4n' Sum of expenditure of 'X' and 'Y' = (5m - 10.4n) + (6m - 8n) = 80000 Or, 11m - 18.4n = 80000 ....(i) ATQ, 0.45 × 11m = 5m - 10.4n Or, 4.95m = 5m - 10.4n Or, 5m - 4.95m = 10.4n Or, 0.05m = 10.4n Or, m = (10.4n / 0.05) = 208n Put the value of 'm' in equation (i), we get, 11 × 208n - 18.4n = 80000 Or, 2288n - 18.4n = 80000 So, n = (80000 / 2270) = 35.24 Or, 'm' = 208n = 208 × 35.24 = 7330 Income of 'Y' = 6m = 6 × 7330 = Rs.43,980
1 Auditing begins where ______ ends.
The due date for filing TDS return for the quarter ending 30th June is:
 Internal auditor is removed and appointed by which among the following?
The time limit for applying for GST registration is within __________ of becoming liable to obtain GST registration.
GSTN is a?
Capital structure of a firm influences the:
The primary objective of Working Capital Management is to:
As per the Companies Act, 2013, which of the following companies must appoint a full-time Company Secretary?
Under cash basis accounting, revenue is recorded when:
The difference between the spot price and the future price of a future is called as _____?