Question
A, B and C invest in a partnership in the ratio 7:5:9
and investment of A is Rs.200 less than investment of C. Partner B invests for 1/5th and A and C invest for 1/12th and 1/15th respectively of total time of investment. If profit of B is Rs.1200 more than that of C, then find the profit of A.Solution
Let the total time of investment be 60a months. Ratio of profit of A, B and C = (7 x 60a x 1/12) : (5 x 60a x 1/5) : (9 x 60a x 1/15) = 35:60:36 According to the question, => 24 units ------- Rs.1200 => 35 units ------- Rs.1750
What is the tenure of the SGB?
What are the limitations on the appointment and reappointment of auditors for listed companies under the Companies Act?
As per the IFSCA Circular on January 22, 2024, which country code must Authorized Dealer (AD) Banks use when reporting transactions between Domestic Tar...
Urban Co-operative Banks (UCBs) are required to fix exposure limits for individual borrowers to mitigate credit risk. If a UCB, after assessing its fina...
Which among the following is a branch of economics involving the application of economic methods in the managerial decision-making process?
The purpose of trial balance is to know about the:
What would be the profit as per cash basis of accounting based on the following information:
Revenues on account = Rs.50000
Cash Sales =...
Which one of the following statements is true Cooperative Banking?
International Financial Services Centres Authority (IFSCA) has signed a FinTech Co-operation Agreement (CA) with which of the following organisations to...
The risk that the bank will not receive funds from its counter-parties on the due date is called
