Question
Amit and Sumit together start a business with investment
of Rs. 1700 and Rs. ‘x + 1200’, respectively. If the profit earned after 5 years is Rs. 6300 and share of Amit is Rs. 2500, then find the value of ‘x’.Solution
Ratio of share of profit of Amit : Sumit = 1700: (x + 1200) So, {1700/(x + 2900)} × 6300 = 2500 4284 = x + 2900 x = 1384
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A 'Roadside Assistance' cover in a motor insurance policy provides:
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Section 39 of Insurance Act related with which of the following ?
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A retrocessionaire is:
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