Question
Annie and Ben entered into a business investing Rs. (x +
80) and Rs. (x – 40) respectively. After one year they invested Rs. 50 more and Rs. 150 more respectively. After 2 years, ratio of the profit shares of Annie to Ben is 6:5. Find the value of x.Solution
Ratio of profit share of Annie to Ben = [x + 80 + x + 80 + 50]:[x – 40 + x – 40 + 150] = [2x + 210]:[2x + 70] According to question; (2x + 210)/(2x + 70) = 6/5 => 10x + 1050 = 12x + 420 => 2x = 630 => x = 315
According to the provisions of the Contract Act, what happens when a proposal is accepted?
The Central Advisory Committee under Food Safety and Standards Act is appointed by
A promissory note or bill of exchange, dated 31st August, 1878, is made payable three months after date. The instrument is at maturity on the
Which jurisprudential principle best supports the concept of "utmost good faith" (Uberrimae fidei) in insurance contracts?
Under which Act is payment system regulation primarily governed in India?
Who is responsible for constituting the High Court Legal Services Committee?
The official language of the Union shall be-
In what situation is the existence of any judgment, order, or decree relevant?
Which of the following emergencies has been declared for the maximum time in India:
With reference to the Transfer of Property Act, 1882. Where the mortgagor binds himself to repay the mortgage money on a certain date and transfer the ...
Relevant for Exams:
