Question
Pihu and Monu started a business with investments of Rs.
3,840 and Rs. 4,800, respectively. After 9 months, Monu exited the business. Pihu, as the active partner, is entitled to 20% of the total profit, while the remaining profit is distributed between them in proportion to their investments. If Pihu's total earnings at the end of 15 months amount to Rs. 1,150, determine Monu's share of the profit.Solution
Ratio of profit share of Pihu and Monu respectively: = (3,840 X 15) :(4,800 X 9) = 4:3 Let the total profit be Rs. 7p. Profit share of Pihu = 0.2 X 7p + (4/7) X 0.8 X 7p = 1.4p + 3.2p = Rs. 4.6p So, 4.6p = 1,150 Or, 'p' = 250 Therefore, profit share of Monu = 7p - 4.6p = 2.4p = 2.4 X 250 = Rs. 600
Which of the following currency note was discarded by the Government of India in November 2016?
The Monetary Policy Committee (MPC) at its meeting in December 7, 202 decided to increase the Bank Rate to how much Basis point/percent?
In 1784, who discovered the composition of water through his experiment with hydrogen and oxygen?
What is Geotropism?
Who among the following was one of the Navratnas of Akbar?
On 17 January 2021, Virgin Orbit the California-based satellite launch company recently launched its LauncherOne rocket to the orbit. What statements is...
To what percent did the government raise FDI in insurance under the automatic route?
The decomposition of gaseous Ammonia on a hot platinum surface is a _______________ order reaction at high pressure.
What is the minimum and maximum tenure for a Certificate of Deposit (CD)?
Match List I with List II and select the correct answer using the code given below the Lists:
List I (Congress Session) �...
Relevant for Exams:
