Question
‘X’ started a business by investing Rs. 2,000. After 3
months, ‘Y’ joined with 50% of X’s investment. If the annual profit is Rs. 6,600, find the profit share of ‘Y’.Solution
Amount invested by ‘Y’ = 2000 × 0.5 = Rs. 1000
Ratio of profit shares of ‘X’ and ‘Y’ = (12 × 2000):(9 × 1000) = 24:9 = 8:3
So, profit share of ‘Y’ = 6600 × (3/11) = Rs. 1,800
Poonawalla Fincorp has received RBI’s approval to issue co-branded credit card in a new age of flexible and versatile retail credit.With which bank is...
What is the projected GDP growth rate of India for FY 2024-25 according to the Economic Survey 2023-24?
What is the total span of the Sigandur cable-stayed bridge inaugurated in Karnataka?
What is the purpose of the Central Tribal University that will be set up in Telangana?
Who has been appointed as the State Election Commissioner (SEC) of West Bengal?
Which of the following bank does not control Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system?
What is the significance of the SAARC Currency Swap Facility?
Which initiative was launched by the Union Government to address the maritime trade deficit of $50 billion?
Where was the "Tata Airbus C295" manufacturing facility recently inaugurated?
India signed a $750 million currency swap agreement with which country to help manage its foreign currency crunch?
Relevant for Exams:
