Question
Three friends A, B and C entered into partnership by
investing Rs. 10X, Rs. (2X + 62) and Rs. (2000 – 5X) respectively. The ratio of the time period of A, B and C is 4 : 3 : 6 respectively. If the profit-sharing ratio of A, B and C is 12 : 8 : 391 respectively, then find the value of 20X.Solution
Let the time period of A, B and C be 4a, 3a and 6a respectively.
Profit sharing ratio of A, B and C = 10X × 4a : (2X + 62) × 3a : (2000 – 5X) × 6a
ATQ,
(10X × 4a)/((2X + 62) × 3a) = 12/8
=> (40X)/(6X + 186) = 12/8
8 × 40X = 12(6X + 186)
320X = 72X + 2232
248X = 2232
X = 9
Required value = 20 × 9 = 180
All single payment transactions of Rs. ______ crore and above undertaken by entities (non-individuals) should include remitter and beneficiary LEI info...
RBI recently came up with the latest iteration of its annual report on the financial performance- ‘Report on Trend and Progress of Banking in Indi...
Which of the following can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24x7 basis?
Socio-Economic and Caste Census was conducted for the first time in ______________.
India’s first Long term Fiscal policy was adopted during the tenure of ..................... as Minister of Finance.
Consider the following about NITI Aayog:
I. It was formed via a resolution of the Union Cabinet on 1st January 2015.
II. The Government of...
Which of the following statements is/are TRUE with respect to UIDAI ?
I.The UIDAI is a statutory authority established under the jurisdiction o...
_______________ State launched “Hamar Apan Budget” portal.
What does the Capital Adequacy Ratio (CAR), also known as the Capital-to-Risk Weighted Assets Ratio (CRAR), indicate about a bank?
What is the name of RBI’s first Global Hackathon?