Question
‘Ravi’ and ‘Sameer’ invested Rs. ‘y’ and Rs.
‘1.5y’ in a business respectively. After four months, both of them increased their investments to twice the original amount. If at the end of the year, the profit is divided in the ratio 7:9 respectively, find the value of initial investment made by ‘Sameer’.Solution
ATQ,
Ratio of profit shares of ‘Ravi’ and ‘Sameer’ =
{(y × 4) + (2y × 8) : (1.5y × 4) + (3y × 8)} = 4y + 16y : 6y + 24y = 20y : 30y
ATQ;
(20y / 30y) = (7 / 9)
‘y’ cancels out, hence we cannot determine the actual value of ‘y’.
So, initial investment of Sameer = 1.5y, but value of y is not determinable.
How many Advance Pricing Agreements (APAs) did the Central Board of Direct Taxes (CBDT) sign in FY 2023-24?
What is the total estimated cost of the proposed Gorikund-Kedarnath Ropeway Project?
Who has been nominated for the Athlete of the Year for the World Athletics Awards 2023
Which of the following properties is not a property of non metal?
How much was released by the Union Government as XV FC Grants for Rural Local Bodies in Himachal Pradesh and Goa for 2024-25?
Who has acquired the title sponsorship rights for the domestic matches of the Indian cricket team?
When was the National Council of Educational Research and Training (NCERT) established?
Which company is going to launch earthquake warning service in India?
Which part of the Indian Constitution is often referred to as the Magna Carta of India?
In which ward of Indore was India’s first digital house address project piloted?