Question
Amit and Ben started a partnership by investing Rs.3600
and Rs.4500, respectively. Amit's investment period is 'x' months, while Ben's investment period is '(x + 3)' months. The combined profit earned by them is Rs.4100. Additionally, one-third of the difference between Amit's and Ben's profit shares is Rs.300. If Amit's share of the profit is less than Ben's, determine the duration of Ben's investment period.Solution
ATQ, Difference between the profit obtained by Amit and Ben = 300 × 3 = Rs.900 Profit obtained by Amit = (4100 – 900)/2 = 3200/2 = Rs.1600 Profit obtained by Ben = 4100 – 1600 = Rs.2500 (3600 × x)/(4500 × (x + 3)) = 16/25 4x/(5 × (x + 3)) = 16/25 x/(x + 3) = 4/5 5x = 4x + 12 x = 12 months Therefore, the Investment period of Ben will be = 12 + 3 = 15 months
Venture Capital Funds in India are regulated under which of the following SEBI regulations?
Which Indian holds the record of playing the highest number of football matches from Indian Side?
The National Financial Reporting Authority (NFRA) recently penalised Deloitte (an audit firm) for professional misconduct in the audit of which company?...
In what architectural style is the Ram Mandir in Ayodhya designed?
Who was the first chairman of Finance Commission of India?
What are the total numbers of accounts opened in PMJDY accounts till April 2022?
Pradhan Mantri Jan Arogya Yojana (PMJAY) provides medical services with health insurance coverage of up to INR ____ per family per year.
Antyodaya Anna Yozana (AAY) was launched by the government to fight______.
Which country has hosted the most editions of the Asian Games?
How many days did the Aditya L1 spacecraft take to complete its first halo orbit around the Sun-Earth L1 point that was launched on 2nd Sept 2023?
Relevant for Exams:
