Question
Manoj and Mahesh invested Rs. 6,000 and Rs. 9,000
respectively in a venture. Mahesh withdrew after a few months. At the end of the year, profit was divided in the ratio 4:3. How long did Mahesh stay in the business?Solution
ATQ,
Let Mahesh stayed for 'n' months.
Profit ratio = (6,000 × 12) : (9,000 × n) = 72,000 : 9,000n
So, 72,000 : 9,000n = 4 : 3
⇒ 3 × 72,000 = 4 × 9,000n
⇒ 2,16,000 = 36,000n
⇒ n = 6
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
A firm finds that for the product it produces, its (own) price elasticity of demand is 4. Currently, the firm is selling 1000 units per month at Rs. 5 p...
Refer to the below given table
...
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
Zia wants to increase total revenue at his restaurant. The price elasticity of demand for several dishes that he serves are given in the table...
Which one of the following is not an assumption of Classical Linear Regression Model
Market failure is the inability of
According to the Economic Survey 2023-24, what measures helped reduce core inflation in India to a four-year low in FY24?
In a situation when MRS>Px/Py, the consumer would react by:
Which recent policy initiative aims to make India a $5 trillion economy by 2025?
Relevant for Exams:
