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. 600Â
Who replaced Mahendra Chhajed in the Committee of Advisors for Abhyudaya Cooperative Bank Ltd.?
According to the National Policy on Biofuels, the Government envisaged an indicative target of 20% ethanol blending in petrol by year_______?
What significant discovery was recently announced by Union Minister Dr. Jitendra Singh in the Mandya and Yadgiri districts of Karnataka?
Under which constitutional article does the Government of India allocate the Post Devolution Revenue Deficit Grant (PDRD) to the states?
Which region hosts the highest global density of snow leopards, as per a study in PLOS ONE?
Which organization approved American Express's new campus in Gurugram?
Which start-up, founded by Prateek Khandelwal, focuses on enhancing urban accessibility for Persons with Disabilities?
Which of the following global company targets 2024 launch of its first Kuiper internet satellites?
What is the primary aim of the Bhagirath app launched in Uttarakhand?
The Storm Coaster, which has been declared as the World ’ s fastest vertical - launch roller coaster by the Guinness World Records, is situated in whi...
Relevant for Exams:
