Question
Billu and Bhaga jointly established a business, with
Billu investing Rs. 'x + 2400' and Bhaga investing Rs. '2x'. After four months, Billu withdrew half of his initial capital. By the end of the year, Bhaga's share of the total profit of Rs. 48,000 amounted to Rs. 24,000. Determine the initial investment made by Billu.Solution
Ratio of profit shares of Billu and Bhaga after 1 year: = {(x + 2400) X 4 + (x + 2400) X 0.5 X 8}:(2x X 12) = {(4x + 9600) + (4x + 9600) }:24x = (8x + 19,200) :24x = (x + 2400) :3x So, profit share of 'B' = 48000 - 24000 = Rs. 24,000 ATQ; {(x + 2400) /3x} = (24000/24000) Or, x + 2400 = 3x Or, 2400 = 2x So, 'x' = 1200 So, investment of Billu = 1200 + 2400 = Rs. 3,600
What is the rate of interest % per annum?
I. The difference between the compound interest and the simple interest on an amount Rs 20,000 in two y...
What is the principal?
I. The simple interest obtained on the principal after 2 years at 16% rate of interest is Rs 140.8 less than the compound ...
The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount?
Statement I:Â ...
What are the marks obtained by Nannu in Accounts?
Statement I: Marks obtained in English is as much more than that in Economics as the marks obt...
In how many days will 8 men complete a task?
Statement I:  Five men, three children and two women together can complete the task in 12 days. <...
In a partnership business of A, B and C, what profit did B get at the end of 2 years?
I. A and B started the business by the investing in ratio 2...
What is the speed of boat in still water?
Statement I: The boat can cover 24 km downstream distance in 4 hours.
Statement II : Speed of ...
A question is given, followed by three statements I, II and III. Identifry which of the statements is/are sufficient to answer the question.
Ques...
A shopkeeper sells a homogeneous mixture of A and B at a rate of Rs 320 per kg. Find the profit percentage of the shopkeeper.
Statement I : he b...
What is the monthly salary of Amit?
Statement I. Amit spends one-third of his salary on household expenses, one –fourth on travel expenses...