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
A shopkeeper sold a book at a loss of 14%. If the selling price had been increased by ₹100, there would have been a gain of 6%. What was the cost pric...
How is self-generated goodwill recognized in accounting?
Consider the following statements:
1. The Preamble of the Constitution is based on the ‘Objective Resolution’ drafted and moved by Pandit N...
He was hanged on July 31, 1940, for assassinating Michael O’Dwyer in London, avenging the 1919 Jallianwala Bagh massacre. He was also associated with ...
Consider the following statements about Lokpal:
1.The Lokpal was established under the Lokpal and Lokayuktas Act, 2013, to address corruption amo...
According to “Payment of gratuity Act 2018 (Amendment)” what is maximum amount of gratuity is?
Consider the following statements regarding the evolution of budget in India:
1. System of budget was introduced during the tenure of Lord Cannin...
Two trains of same length are running in parallel tracks in the same direction with speed 70 km/hr and 120 km/hr respectively. The latter completely cro...
What does API stand for in computer programming?