Question
A and B started a business by investing Rs. 12,000 and
Rs. 18,000 respectively. A also worked as the active manager and for that he is entitled to receive a commission which is equal to 25% of profit. If the difference between the amount received by A and B at the end of the year is Rs. 1200, then find the profit (before commission was given to A) earned by them.Solution
Let the profit earned before commission was given to A be Rs. 100x Commission of A = 100x x 0.25x = Rs. 25x Ratio of profit shares of A to B = 12000:18000 = 2:3 Profit earned by A = (100x - 25x) x (2/5) = Rs. 30x Profit earned by B = (100x - 25x) x (3/5) = Rs. 45x According to the question 25x + 30x - 45x = 1200 Or, 10x = 1200 So, x = 120 So, required profit = 120 x 100 = Rs. 12,000
In Budget 2023-24, it is estimated that if Uttarakhand received One rupee as Revenue, then arrange the receiving in increasing order in that One rupee:<...
Who will host the 2028 Summer Olympics?
What is purchasing power parity (PPP)
Which city in India is also known as the 'Pink City'?
The Indian literary award âSahitya Akademi Awardâ was instituted in which year.
GIS stands for
What is the age limit for the Chief Information Commissioner (CIC)?
According to the ancient writer Nunez, what were the primary roles of women in Vijayanagar society?
1. Cooking
2. Household chores
...
______ is the author of the book âA little book of Indiaâ.
Which one out of the following is not a directive principle of state policy?