Question
‘M’ began a business by investing a certain amount.
After 6 months, ‘N’ joined with Rs. 800 more than M. If their profit sharing ratio at the year-end is 3:4 respectively, find M’s investment.Solution
ATQ,
Let M’s investment = Rs. Y
Then N’s investment = Rs. (Y + 800)
Profit ratio = (Y × 12) : {(Y + 800) × 6}
ATQ,
(Y × 12) ÷ {(Y + 800) × 6} = 3/4
=> 12Y × 4 = 3 × (6Y + 4,800)
=> 48Y = 18Y + 14,400
=> 30Y = 14,400
=> Y = 14,400 ÷ 30 = Rs. 480
Therefore, M’s initial investment = Rs. 480
Under the Hindu Marriage Act, 1955, which of the following is not a valid ground for divorce?
Which of the following individuals is excluded from the definition of "employee" for the purpose of filing a Voluntary Information Disclosure Form under...
Which section empowers the Central Government to make rules for regulating environmental pollution?
What are the various ground on the basis of which RBI may cancel a licence granted to a banking company?
Under section 46 of the Motor Vehicles Act, what is required for the use of a motor vehicle in a public place?
What does the term currency include as per the definition given under FEMA?
Importation of a girl or boy from a foreign country for illicit intercourse under Section 141 applies if:
Principles of Natural Justice are:
Who among the following can be a co-opted member of the Board of Approval?
Article 25 of the Constitution guarantees the right to freedom of religion, but it does NOT protect:
