Question
The income of 'Amit' surpasses that of 'Bhishma' by a
certain percentage. If the average of their incomes amounts to Rs. ____, then the individual income of 'Amit' is Rs. 20,000. The values given in which of the following options will fill the blanks in the same order in which it is given to make the statement true. I. 25, 18000 II. 60, 16250 III. 220, 13275Solution
 ATQ, Let the income of ‘Bhishma’ be Rs.'b' For I: Income of ‘Amit’ = Rs. 1.25b Or, 1.25b = 20000 Or, b = 16000 Average income of ‘Amit’ and ‘Bhishma’ = (b + 1.25b)/2 = (20000 + 16000)/2 = Rs.18000 Therefore, I is true. For II: Income of ‘Amit’ = Rs. 1.6b Or. 1.6b = 20000 Or, b = 12500 Average income of ‘Amit’ and ‘Bhishma’ = (b + 1.6b)/2 = (20000 + 12500)/2 = Rs. 16250 Therefore, II is true. For III: Income of ‘Amit’ = Rs. 3.2b Or. 3.2b = 20000 Or, b = 6250 Average income of ‘Amit’ and ‘Bhishma’ = (b + 3.2b)/2 = (20000 + 6250)/2 = Rs.13125 Therefore, III is false.
Standard Price (Standard Quantity – Actual Quantity) = ____________.
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
A Decision Table consists of all of the following parts EXCEPT:Â
What is the primary purpose of bookkeeping in business?
When is a Suspense Account opened?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of ...
Which entity generally initiates securitization?
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
As per the Union Budget 2025–26, what is the total outlay allocated for setting up a Centre of Excellence in Artificial Intelligence for Education?
Relevant for Exams:
