Question
Atul,' 'Bhasker,' and 'Chetna' collaborated in a
business, contributing initial amounts of Rs. (p + 300), Rs. (pβ 100), and Rs. (p β 300), respectively. After 7 months, 'Atul' withdrew Rs. 480, 'Bhasker' withdrew Rs. 240, and 'Chetna' added Rs. 720 more. At the end of the year, the profit share of 'Bhasker' from the total profit of Rs. 66000 was Rs. 19500. Calculate the profit share of 'Atul.'Solution
ATQ, Respective ratio of profit share of Atul, Bhasker and Chetna = [(p + 300) Γ 12 β 480 Γ 5]:[(p β 100) Γ 12 β 240 Γ 5]:[(p β 300) Γ 12 + 720 Γ 5] = [p + 300 β 40 Γ 5]:[p β 100 β 20 Γ 5]:[p β 300 + 60 Γ 5] = (p + 100):(p β 200):(p) ATQ, (p β 200)/(3p β 100) = 19500/66000 = 13/44 Or, 44p β 8800 = 39p β 1300 Or, 5p = 7500 Or, p = 1500 Respective ratio of profit share of Atul, Bhasker and Chetna = 1600:1300:1500 = 16:13:15 Profit share of Atul = (16/44) Γ 66000 = Rs.24000
The Indian Evidence Act 1872 applies to
Which of the following is true about interest of unborn in transfer of property?
Which of the following fundamental right/ restriction is only available to/ against a citizen of India?
A.Β Β Β Abolition of titles
B.Β οΏ½...
What does general insurance business mean as per the Insurance Act, 1938?
The acceptance given by βYβ on Xβs invitation for lunch over phone is not a contract because of which one of the following?
Corporate insolvency resolution process shall mandatorily be completed within a period of ___________________ from the insolvency commencement date, inc...
What is the objective of Order 21 of CPC?
As per which section of CPC, the court which passed a decree can transfer the decree for execution to some other court?
The permanent house of parliament shall not be subjected to dissolution, but ?
What is the notice period given to a Public servant before instituting a suit against him as per s. 80 of CPC?