Question
‘P’ started a business by investing Rs. 1,500. Six
months later, ‘Q’ joined him by making an investment which is equal to 80% of the investment made by ‘P’. If at the end of the year, total profit received by them is Rs. 5,400, then find the profit share of ‘Q’.Solution
Given: P invested ₹1500 for 12 months Q invested 80% of ₹1500 = ₹1200 for 6 months Total profit = ₹5400 Find Q’s share of profit Calculate weighted investment (investment × time) P: 1500×12=18000 Q: 1200×6=7200 Ratio of P:Q = 18000:7200=5:2 Total parts = 5 + 2 = 7 Q’s share = 2/7 × 5400 = ₹1542.86
The Court can presume about the legality of digital signature on the electronic record under Indian Evidence Act when it is:
What is the time period within which the mount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate accoun...
“Meeting of minds” is an essential element of this offence
Who shall assist the secured creditor in taking possession of secured asset?
Which of the following is not correct? As per At. 51 of the Indian Constitution, State shall endeavour to –
According to Code 35 (1) of the Occupational Safety, Health, and Working Conditions Code, 2020, who is responsible for prosecuting, conducting, or defe...
Who has the administrative control over State commission?
Special Courts are established by
Which of the following correctly explains a Tort?
According to Indian Partnership Act, 1932 what entitlement does an outgoing partner or their estate have if the surviving partners continue the busines...
