Question
Arun and Meena start a business with investments in the
ratio 7:3 respectively. After 4 months, Neha joins with an amount equal to the average of both. If the total profit at the end of the year is Rs. 5,00,000, how much did Meena earn?Solution
ATQ,
Let investments of Arun and Meena be Rs. ‘7x’ and Rs. ‘3x’, respectively.
So, Neha’s investment = (7x + 3x)/2 = Rs. ‘5x’
Profit share ratio = (7x × 12) : (3x × 12) : (5x × 8) = 84 : 36 : 40
Simplify → 21:9:10
So, required profit for Meena = 500000 × (9/40) = Rs. 1,12,500
What was the theme for World Habitat Day 2022?
The Centre's scheme allows the Jan Dhan account holders to withdraw money upto ₹___________in the form of a short-term loan.Â
‘Trade Emerge’ for Indian exporters and importers to offer them digital banking and value-added services is being launched by which bank?
Which bank has gone live with ‘Direct Tax Collections’ on behalf of the Government of India through the new Tax Information Network (TIN2.0) porta...
Which Indian university recently introduced Turkish language courses for the first time?
_________account enable domestic banks to provide international banking services to their clients who have global banking needs?
The Finance Act of 2023 amended Clause (10D) of Section 10 of the Income-Tax Act, 1961. Beginning from the assessment year 2024-25, any sum received und...
SIDBI has signed MoUs with which state government’s New and Renewable Energy Development Agency to make direct financing options available for micro, ...
Jammu and Kashmir Bank (J&K Bank) has signed a corporate agency agreement with______ to put forward LIC’s life insurance products through its branch n...
JPMorgan Chase & Co. is going to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international fi...
