Question
Mayank and Manoj started a business with investing
capital in the ratio of 8:15. After 4 months, Mayank reduced his (1 )/(4 ) portion of the capital and after 7 months, Manoj added his (1 )/(5 ) portion of the capital. If the total profit at the end of the year is Rs. 8,250, what would be Manoj’s share in it?ÂSolution
Let the Mayank’s capital = 8 x Manoj’s capital = 15 x Total profit = Rs 8,250 According to the question, Total capital invested by Mayank = 8 x ×4+8 ×(8x-(8x )/4) = 32x + 48x = 80x Total capital invested by Manoj = 15 x ×7+5 ×(15x+(15x )/5) = 105x + 90x = 195x Share of Mayank and Manoj = 80 x : 195 x Share of Manoj = (8,250 )/(275 )× 195 = Rs. 5,850Â
Which entity has approved changes to mutual fund regulations to prevent potential market abuses, including frontrunning?
The ability of a leader to tolerate ambiguity, uncertainty, and doubt without the need for immediate answers or solutions is known as __ ________ Â
According to Union Budget 2023-24, consider the following statements regarding Legislative Changes In GST laws: Â
1. Raise the minimum thre...
Which committee recommended the 40% PSL target to be achieved by 1985, along with sub-targets for agriculture and weaker sections?
Which of the following public sector bank has announced to finance 1000 entrepreneurs in Nagaland through a partnership with Business Association?
How many partial exits are allowed from the N P S during its entire lifetime? Â
Which is the biggest International Financial Services Centres in the globe?
W hat is the theme of World Hindi Day in 2024?
How much provision is required for an asset which is there in a doubtful category upto 12 months?
Consider the following statements regarding the Minimum Support Price (MSP) system in India:
I. MSP is the rate at which the government purcha...