Question
'Anoop' and 'Bheem' started a business with investments
of Rs. 3250 and Rs. 3750, respectively. Four months into the business, 'Chitra' joined them with an investment of Rs. 4750. By the year's end, 'Chitra's' share of the profit amounted to Rs. 1140. Calculate the difference in profit share between 'Anoop' and 'Bheem'.Solution
ATQ, Ratio of profit shares of 'Anoop', to that of 'Bheem' and to that of 'Chitra' = (3250 × 12) :(3750 × 12) :(4750 × 8) = 39:45:38 Let the profit share of 'Anoop', 'Bheem' and 'Chitra' be Rs. '39a', Rs. '45a' and Rs. '38a', respectively. ATQ: 38a = 1140 Or, 'a' = (1140/38) = 30 So, difference between profit shares of 'A' and 'B' = 45a - 39a = 6a = 6 × 30 = Rs. 180Rs
What new security feature did Punjab National Bank (PNB) introduce to combat cyber frauds?
Tripura Gramin Bank became India’s first Gramin Bank to introduce which innovative banking facility?Â
What is the penalty amount imposed by RBI on Federal Bank Ltd and Karur Vysya Bank Ltd for non-compliance with regulations?
What is the name of the first semi-high-speed rail corridor project approved for Maharashtra in February 2025?
The Reserve Bank of India (RBI) has set up a Regulatory Review Cell (RRC) to review rules periodically. After how many years will the regulations be rev...
What is the main purpose of the SBI Innovation Hub launched at the Singapore Fintech Festival?
How many science nodes will be connected by the INCOIS submarine cable in the Indian Ocean?
India’s foreign exchange reserves dropped to what value for the week ending October 18, 2024?
- How does the India-Qatar Joint Business Forum aim to enhance economic cooperation?
- Under the PM-KISAN scheme, how much annual financial assistance is provided to eligible farmers?