Question
Three Partners Chandra, Shekhar and Azad invested in the
ratio of 3/2, 2/3, 4/3 in a business. After 3 months Chandra decreased his capital by 50%. If the total profit of Rs. 12690 earned at the end of the year, find what was the Chandra’s Share of profit?Solution
Multiply Ratios by (2,3,3 LCM) i.e., 6x
Total Capital of Chandra in 1 year = 9x × 3 + 4.5x × 9 = 27x+40.5x = 67.5x Total Capital of Shekhar in 1 year = 4x × 12 = 48x Total Capital of Azad in 1 year = 8x × 12 = 96x
According to the question  67.5 + 48x + 96x = 12690 211.5x = 12690 x = 12690/211.5 = 60 Hence, Share of Chandra = 67.5 × 60 = 4050
What is the composition of the Central Information Commission under the RTI Act?
Consumer Protection Act, 2019 is applicable to :
Who amongst the following is not a manufacturer as per Consumer Protection Act, 2019?
What is the legal effect of signing a settlement agreement in arbitral proceedings?
What is the composition of the Central Authority as per the Consumer Protection Act, and who appoints its members?
What is the nature of an award made by a Lok Adalat?
Pound, Ihering, Ehrlich have adopted__________school/ method for the study of legal philosophy. According to these jurists, the essential characterist...
What is the punishment for someone who dishonestly or fraudulently executes a deed of transfer containing a false statement of consideration "as per th...
When is a court prohibited from proceeding with the trial of a suit?
In arbitral proceedings involving more than one arbitrator, how is a decision made unless the parties agree otherwise?