Question
Alok and Kajal started a business by investing Rs. 'X'
and Rs. (X + 700), respectively. 20 months later, Kajal withdrew his entire investment. At the end of 24 months, the total profit from the business was Rs. 8,200, out of which profit share of Kajal was Rs. 1,800 more than that of Alok. Find the value of 'X'.Solution
Number of months for which Alok invested in the business = 20 + 4 = 24 months Let the profit share of Alok out of the total profit of Rs. 8200 = Rs. 'Y' Then, profit share of Kajal out of the total profit of Rs. 8200 = Rs. (Y + 1800) So, Y + Y + 1800 = 8200 Or, Y = (8200 - 1800) ÷ 2 = 3200 So, profit shares of Alok and Kajal are Rs. 3,200 and Rs. 5,000, respectively. So, respective ratio of profit shares of Alok and Kajal = (X × 24):{(X + 700) × 20} = 24X:(20X + 14000) = 3200:5000 = 16:25 So, 24X × 25 = (20X + 14000) × 16 Or, 600X = 320X + 224000 Or, X = 224000 ÷ 280 = 800
Who propounded the Sociological School of Jurisprudence which focuses on the purpose and effects of law in society?
As per section 4 of the Prevention of Corruption Act which cases shall be triable by a Special Judge only______________
As per section 128 of the Companies Act all or any of the books of account and other relevant papers may be kept at such other place in India as the __...
Under section 13 of Indian Penal Code, 1860, definition of Queen' was repealed by:-
What should be the composition of the Nomination and Remuneration Committee under the Companies Act, 2013?
The latin maxim ‘Respondeat superior’ stands for
When are the shadow meetings conducted?
Who is responsible for constituting the High Court Legal Services Committee?
For how long can the Registrar reserve a name for a limited liability partnership after satisfying the prescribed conditions and payment of the fee?
Which of the following is the correct timing for stamping a document, as per the Stamp Act?
Relevant for Exams:
