Question
Arjun and Amit started a partnership firm. Arjun
invested Rs. 15,000, while Amit withdrew his investment after 6 months. If the profit was shared in the ratio of 5:3 at the end of the year, find the amount invested by Amit.Solution
ATQ,
Let Amit’s investment be Rs. m. Arjun’s share = 15,000 × 12 = 1,80,000 Amit’s share = m × 6 = 6m So, 15,000 × 12 : m × 6 = 5 : 3 Or, 1,80,000 : 6m = 5 : 3 Cross-multiplying: (1,80,000 × 3) = (6m × 5) 5,40,000 = 30m m = 18,000
India's leading bourse NSE has emerged as the world’s largest derivatives exchange group in 2023 by the number of contracts traded, according to the F...
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?
Consider the following statement:
I. Finance ministry has allowed public sector undertakings (PSUs) to invest in debt schemes of all mutual funds...
Moody’s Projected India’s GDP growth forecast in FY22 at ?
Consider the following in regards to the Sourav Kothari :
1) He won his maiden senior National 15-Red snooker crown.
2) He defeated Paras ...
What is the primary objective of the Meri Maati, Mera Desh campaign launched by the Union government as part of the Azadi Ka Amrit Mahotsav celebration?...
Which country has recently broken its own record for the world's lowest fertility rate?
What is the target number of cruise passengers by the end of the Cruise Bharat Mission in 2029?
What is the additional premium charged for including the coverage for employees traveling in their employer's vehicle in motor insurance policies, accor...
Deposit Insurance and Credit Guarantee Corporation ( DICGC ) is a wholly owned subsidiary of Reserve Bank of India . It was established in _____
