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 Radcliffe Line is a boundary between:
Which are the two most essential rights to a democracy?
The Reserve Bank of India (RBI) has raised the minimum net owned fund (NOF) requirement of the existing Asset Reconstruction Company (ARC) to Rs ______ ...
Which city is called lake city in M.P?
Who among the following was a ruler of the Rashtrakuta dynasty?
IG National Tribal University to be set up in which state?Â
In a food chain, secondary producers are ______.
Veteran journalist and TV anchor Karan Thapar is the author of which of the following books?
Some students are standing in a row. Varsha is 10th from the right and 6th from the left. Later, the total students became 20. How many new students joi...
What does ECG mean as per the SEBI norms?
Relevant for Exams:
