Question
'X' and 'Y' started a business by investing Rs.(p + 400)
and Rs.(2p - 800), respectively. If at the end of the year, profit share of 'X' was Rs.18,000 out of total profit of Rs.42,000, then find the amount invested by 'Y'Solution
ATQ, Let the amount invested by X be (p + 400) and the amount invested by Y be (2p - 800). Total profit = Rs. 42,000 X's profit share = Rs. 18,000 So, Y's profit share = Total profit - X's profit share Y's profit share = Rs. 42,000 - Rs. 18,000 Y's profit share = Rs. 24,000 Now, we know that profit is distributed in proportion to the amount invested. Therefore, we can set up the following equation: (X's investment) / (Y's investment) = (X's profit share) / (Y's profit share) Substitute the values: [(p + 400)] / [(2p - 800)] = 18,000 / 24,000 (p + 400) / (2p - 800) = 3/4 4(p + 400) = 3(2p - 800) 4p + 1600 = 6p - 2400 1600 = 2p - 2400 2p = 4000 p = 2000 Now that we have found the value of p, we can find the amount invested by Y: Y's investment = 2p - 800 Y's investment = 2(2000) - 800 Y's investment = 4000 - 800 Y's investment = Rs. 3200 So, the amount invested by Y is Rs. 3200.
Which organization in India is responsible for issuing government bonds?
Which term best describes the penalty for early withdrawal from a fixed deposit?
An expert committee constituted by the International Financial Services Centres Authority (IFSCA), the GIFT City regulator, has suggested tax and regula...
According to the IMF World Economic Outlook, what is India's projected nominal GDP for 2025?
Consider the following statements about Bonds:
1. Bonds are units of corporate debt issued by companies and securitized as tradable assets.
...Which committee is associated with the restructuring of the banking sector in India?
In Which of the following year, the RBI Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting fr...
Which of the following is an example of an indirect tax?
Which 5-year plan led to the establishment of the National Bank for Agriculture and Rural development?
For grant of Miniratna Category-I status to Central Public Sector Enterprises (CPSEs), the CPSEs have made profit in the last ______ years continuously.