Question
Suresh and Ramesh entered into a partnership. Suresh
invested Rs. 2,400 more than Ramesh and withdrew his amount after 10 months. If the profit sharing ratio was 13:15, then what was the investment made by Suresh?Solution
ATQ,
Let Ramesh’s investment be Rs. a
Suresh’s investment = a + 2400
Profit ratio = [(a + 2400) Ă— 10] : [a Ă— 12] = (5a + 12000) : 6a
ATQ,
(5a + 12000) : 6a = 13 : 15
⇒ 15 × (5a + 12000) = 13 × 6a
⇒ 75a + 180000 = 78a
⇒ 3a = 180000
⇒ a = 60000
Investment of Suresh = 60000 + 2400 = Rs. 62,400
What is the purpose of the Athlete Biological Passport (ABP) system introduced in India’s APMU?
What monthly salary will Sanskrit instructors receive under Uttarakhand’s Adarsh Sanskrit Village Programme?
What is the name of the musical piece by Tyshawn Sorey that won a Pulitzer Prize in 2024?
Which Olympic athlete featured in the music video of the ICC Men’s T20 World Cup 2024 anthem?
Which country’s central bank made the largest gold purchase in 2024, with 77 tonnes?
What is the central theme of the Vatavaran Film Festival inaugurated in October 2024?
The RBI imposed a monetary penalty of Rs 10.10 lakh on City Union Bank (CUB) for which of the following violations?
Recently a rare freshwater edible cyprinid fish was discovered by the researchers and was named Garra laishrami. Where was this fish discovered?
What is the expected increase in the minimum salary for central government employees under the 8th Pay Commission?
What is the annual income criteria for an student to get the benefit under the “Post-Matric Scholarship Scheme For ST Students”?