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 30% of profit. If the difference between the amount received by A and B at the end of the year is Rs. 1120, 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 × 0.30x = Rs. 30x Ratio of profit shares of A to B = 12000:18000 = 2:3 Profit earned by A = (100x – 30x) × (2/5) = Rs. 28x Profit earned by B = (100x – 30x) × (3/5) = Rs. 42x According to the question 30x + 28x – 42x = 1120 Or, 16x = 1120 So, x = 70 So, required profit = 70 × 100 = Rs. 7,000
Who is the only Indian PSU company included in the Forbes 'World Best Employers 2023' list
What was the chief objective of the 'Wahabi movement' by Syed Ahmed Barelavi?
Which of the following countries share a border with ‘Greece’?
1.North Macedonia
2.Bulgaria
3.Albania
4.Turkey
<...Which is the largest multinational naval exercise of the Indian Navy?
Which place hosted the 18th edition of the India-Nepal joint military exercise Surya Kiran?
Which Union Minister launched the NATS 2.0 Portal in New Delhi?
Which state's Chief Minister announced the launch of three online services to digitally empower people, including a new service for Persons With Disabil...
Which space agency has recently presented evidence of ice presence at the Moon's poles?
Which of the following are the characteristics of Tropical Deciduous Forests:
1. The most widespread in India
2. Density of these forests ...
According to the data released by the Controller General of Accounts (CGA), the Central Government’s fiscal deficit in the first five months of 2023-2...
Relevant for Exams:
