Question
The income of P is 2/5th of the income of Q
and income of R is 60% more than the income of Q. Income of Q is Rs.20000 and expenditure of P is 20% of the expenditure of R. If R saves 25% of his income, then find the savings of P.Solution
Income of Q = Rs.20000 Income of P = 2/5 × 20000 = Rs.8000 Income of R = (160/100) × 20000 = Rs.32000 Savings of R = 32000 × (25/100) = Rs.8000 Expenditure of R = 32000 - 8000 = Rs.24000 Expenditure of P = (20/100) × 24000 = Rs.4800 Savings of P = 8000 - 4800 = Rs.3200
Which of the following statements about benami transactions is correct under the amended Benami Transactions (Prohibition) Act, 1988?
Who regulates Commodities market in India?
Which of the following is considered a key principle of taxation that ensures tax fairness by taxing individuals based on their economic capacity?
1. Mark the incorrect match:
According to the Land Acquisition Act, 2013, how much solatium (additional compensation) is payable to the landowner over and above the compensation amo...
According to the Transfer of Property Act vested interest is not____________________
The provisions of ______ mortgage shall apply to a Mortgage by deposit of title deeds
When the right of private defense of property extends to causing death:
What is meant by expressed promise?
Where any electronic record, purporting or proved to be ___________ years old, is produced from any custody which the Court in the particular case consi...
