Question
A started a retail business by investing Rs.50,000.
After five months B joined him with a capital of Rs.60,000. After 2 years, they earned a profit of Rs.44,850. What was the A’s share in the profit?Solution
Ratio of the capital invested by A and B = (50000 × 24):(60000 × 19) ⇒  20 : 19 Therefore, A’s share = 44850 x (20/39) = Rs.23000
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
In which year FRBM Act was enacted ?
Find National Income from the following
Autonomous Consumption = Rs. 100
Marginal Propensity to Consume =0.60
Investment = Rs. 200...
If the currency-deposit ratio equals 0.5 and the reserve-deposit ratio equals 0.1, then the money multiplier is
What is the elasticity of demand given by x=100-50p at price = 10?
A company using first-degree price discrimination has a demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is th...
According to Economic survey 2023-24, what is the real GDP growth rate of India in FY24?
What is the Fiscal deficit budgeted for 2024-25 as per the Union budget?
We quite often use the term economies of scale. What does this mean?
When the slope of average cost is negative then which of the following holds true?