Question
Amit and Sumit jointly invested Rs. 4200 and Rs. 2800 in a
startup. If the total annual profit is Rs. 9800, what is the difference between their shares of the profit?Solution
ATQ,
Ratio of profit of Amit : Sumit = 4200 : 2800 = 3 : 2
Required difference = {(3 – 2) / (3 + 2)} × 9800 = Rs. 1960
Account Receivable Turnover ratio is calculated by
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