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
The type of germination observed in pigeon pea?
Which WTO agreement addresses the protection of human, animal, and plant health?
Which of these is NOT allowed under organic livestock farming?
The principle of “risk assessment” under the SPS agreement means:
Which certificate is issued by APEDA to ensure products meet specific export quality norms and are eligible for export promotion schemes?
Which of the following is a natural insect repellent allowed in organic farming?
Which of the following is best suited as catch crop?Â
In international agricultural trade, “Codex Alimentarius” is a collection of:
The WTO Agreement on Agriculture does NOT include which of the following pillars?
Which document is mandatory for an exporter to get registered with APEDA?
Relevant for Exams:
