Ram and Lakhan started a business by investing Rs. 72000 and Rs. 90000 respectively. After 4 months Lakhan withdraws 4/9 of his investment. In 5 months after, he again invested 11/9 of its original investment. If the total earned profit at the end of the year, is Rs. 234480, then who will get more money and by how much?
Total Capital invested by Ram in 1 year = 72000 × 12 = Rs. 864000 Total Capital invested by Lakhan in 1 year = 90000 × 4 + (90000 - 40000) × 5 + (50000 + 110000) × 3 = 360000 + 250000 + 480000 = 1090000 According to the question, (432 + 545) units = 234480 977 units = 234480 1 unit = Rs. 240 Difference in Profit = (545 - 432) × 240 = Rs . 27120 It means Lakhan will get Rs. 27120 more than Ram.
In the calculation of the Marginal Cost of Funds, what is the weightage given to the Marginal Cost of Borrowings compared to the return on net worth?
Which type of operational risk event does tax evasion falls into Basel II?
Which of the following Statements about Government’s flagship scheme- DAY-NRLM is not True?
Calculate the direct exchange rate between INR and HKD from the following information
Spot INR/GBP = 100.82
Spot HKD/GBP = 10.71
Fo...
What is the "Financial Inclusion and Development Department (FIDD)" of the Reserve Bank of India (RBI)?
Which type of communication barrier arises from expression, as illustrated by the example of a poorly translated book from English to Hindi?
In which of the following arrangement, a commission is earned by many intermediaries through reinsurance agreements?
Which sub-scheme of PKVY was launched to promote natural farming practices in 2019-20?
What does REIT stand for?
The credit rating should have been reviewed at least once in how many months, for it to be valid for risk weighting purposes under Basel Ill?