Question
A and B started a business with initial investments of
Rs. 28000 and Rs. 30000 respectively. After one year, a profit of Rs. 5800 is earned. A being a working partner gets 30% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 10% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 28000:30000 = 14:15 Profit share of A for being a working partner = 0.30 times; 5800= Rs. 1740 Profit share of A for his investment = 14/29 times; 0.70 times; 5800 = Rs. 1960 Total profit of A = Rs. 1960 Compound interest earned by A = 3700{(1 + 0.10)2ndash; 1} = Rs. 777
A shopkeeper planned to sell 200 shirts each priced at Rs 2,240 in a particular year. Each shirt, if it had been sold at the mentioned price would have ...
A bookshop owner sold a novel after offering two successive discounts of 12% and 10%, respectively, such that he earned a profit of 25%. Find the cost p...
A seller marked his article 80% above the cost price and sold it after offering two successive discounts of 60% and 25% respectively. In the whole trans...
Ravi purchased an article and marked it 75% above the cost price and sold it after giving a discount of 25% for Rs. 1575. What will be the selling price...
The ratio of cost price and selling price of a shirt is 4:5 respectively. The shirt was marked up by 35% above its cost price, and sold after giving Rs....
Mr. Christian bought 75 shirts for Rs. 75 each. He sold 60 of them at a loss of 10%. He wants to gain 20% on the whole. Then find his gain percent on th...
A man bought 18 glasses for Rs.12 and sold 12 glasses for Rs 18. What is the profit percent?
An article is sold for Rs. 480 at 20% loss. If this article was sold at 12.5% profit, what would have been its selling price?
A seller purchased 18 mangoes at Rs. 180 per dozen. He sold half of them at Rs. 240 per dozen, and 6 more mangoes at Rs. 18 each. At what price should ...
Shyam determined that his profit is 20% of the selling price. What is his actual profit percentage based on the cost price?
