Question
‘A’ and ‘B’ started a business by investing Rs.
2500 and Rs. 2000, respectively. 8 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. 16,000, then find the profit share of ‘C’.Solution
ATQ; Amount invested by ‘C’ = [(2500 + 2000)/2] = Rs. 2250 Profit shares of ’A’, ‘B’ and ‘C’, respectively at the end of the year = [(2500 × 12): (2000 × 12):(2250 × 4)] = 10:8:3 Let the total profit received by ‘A’, B’ and ‘C’ at the end of the year be Rs. ‘P’ Profit share of ‘B’ = 16000 = (8/21) × P => P = 16000 × (21/8) = 42000 Profit share of ‘C’ = 42000 × (3/21) = Rs. 6000
Recently a Seismological Observatory Centre has been inaugurated in ___?
Which bank has launched a new type of savings account 'Infinity Savings Account'?
Recently Langya henipavirus or LayV virus has been found in which country?
Who won the Australian Grand Prix in the 2023 Formula 1 season?
IDFC Mutual Fund rebranded itself as Bandhan Mutual Fund following the acquisition by which entity?
What is the revised agency commission for e-mode revenue transactions by banks as per RBI's update?
Which rivers are included in the ‘Jalvahak’ scheme to promote cargo movement on National Waterways?
Former cricketer Clive Lloyd was given the knighthood for his service towards the game of cricket. He played for __________ cricket team.
How many Fair Price Shops are covered under the 'Anna Chakra' platform?
Who has been appointed the 28th Controller General of Accounts (CGA)?
