Question
M and N started a business by investing Rs.5500 and
Rs.6500 respectively. After 6 months, M and N increased their investments by 40% and Rs.2400 respectively. The annual profit share of N was Rs.2100. Find the total annual profit received by them together.Solution
Increased investment of M = 5500 x 1.4 = Rs.7700 Increased investment of N = 6500 + 2400 = Rs.8900 Ratio of profit share of M and N = (5500 x 6 + 7700 x 6) : (6500 x 6 + 8900 x 6) = 6:7 So, total annual profit received by them together = 2100 x (13/7) = Rs.3900
What recent (April 2024) announcement did the National Stock Exchange (NSE) make regarding derivatives contracts?
Under the defined contribution plan, the amount of pension on retirement is dependent upon which of the following factors?
The transmission of information received from outside to internal members and subordinates is Manager’s role. It is ____ role of a manager.
MPC increases, multiplier ______
Which of the following ratios are used to measure a firm’s liquidity and solvency?
The lower a manager is in the organisational hierarchy, the more important his/her _______ skills are
Which theory is being talked about in the given passage?
Identify the Organisation from the passage given below.
It was created in 1944, as the International Bank for Reconstruction and Development (...
Depreciation would be classified as:
Budgets serve various purposes and take different forms depending on their scope and focus. The budget which usually takes the form of budgeted profit a...
