Question
‘A’ and ‘B’ started a business by investing Rs.
7,000 and Rs. 8,000, respectively. 6 months later, ‘C’ joined them with an investment equal to average of initial investment made by ‘A’ and ‘B’ together. If at the end of the year, B’s profit share out of the total profit was Rs. 40,000, then find the profit share of ‘C’.Solution
ATQ; Amount invested by ‘C’ = [(7000 + 8000)/2] = Rs. 7,500 Profit shares of ’A’, ‘B’ and ‘C’, respectively at the end of the year = [(7000 × 12): (8000 × 12):(7500 × 6)] = 28:32:15 Let the total profit received by ‘A’, B’ and ‘C’ at the end of the year be Rs. ‘P’ Profit share of ‘B’ = 40000 = (32/75) × P => P = 40000 × (75/32) = 93750 Profit share of ‘C’ = 93750 × (15/75) = Rs. 18750
A removes the cover over a pit, with the intention of thereby causing death. Z, believing the ground to be firm, treads on it, falls in and is killed. W...
What is LLP agreement?
To be a member of the House of People, minimum age prescribed is:
In the landmark case Wasim Khan v. State of Uttar Pradesh (1985) and related Supreme Court judgments, the Court established principles regarding the adm...
Where neither party any appropriation, the payment shall be applied:
Under Section 60 of the Transfer of Property Act, which right allows the mortgagor to reclaim the mortgaged property?
Which provision of Consumer protection act 2019 talks about rights of consumers?
Instruments of gift of immovable property is a document for which, as per Section 17 of the Registration Act, 1908, ___________________________.
Under Section 201 of the BNS, 2023, P, a senior income tax officer, is officially charged with reviewing and certifying a taxpayer's Income Tax Return (...
Specific performance of a contract cannot be enforced in favour of a person:
