Since, ‘A’ and ‘B’ invested their sums for equal period, therefore, ratio of the profit received by ‘A’ and ‘B’ will be equal to the ratio of sum invested by them i.e. 2:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between ‘A’ and ‘B’ = 0.84 × 100x = Rs. 84x Profit received by ‘A’ = 84x × (2/7) = Rs. 24x According to the question, 24x = 1200 => x = 50 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 5000
In the preparation and presentation of financial statements, certain components are essential to provide a complete and transparent view of a company's ...
For initiating proceedings under IBC, what is the minimum amount of default?
Which of the following is an intangible asset?
What does first ‘P’ in the security instrument PNCPS, stand for?
In capital budgeting, the discount rate used in the net present value method is also known as:
Imputed cost is _______
Unpaid matured debentures/deposits?
Which of the following factors does not affect the price of bullion?
1) Supply and demand.
2) Economic and political cond...
There is a scheme enabling lending of idle securities the investors to the clearing corporation and earning the return through the same. This scheme is ...
Who introduced the concept of 'Accredited Investors' in the Indian securities markets?