Question
‘A’ and ‘B’ together started a business by
investing Rs. 8,000 and Rs. 12,000, respectively. ‘A’ also works as a manager and hence is entitled to receive 40% of the total profit as salary. The rest of the profit will be divided between ‘A’ and ‘B’ in the ratio of their investments. If the salary received by ‘A’ from the business at the end of the year is Rs. 6,000, then find the profit share of ‘B’ at the end of the year.Solution
Ratio of profit share of ‘A’ and ‘B’ = 8000:12000 = 2:3 Total profit earned by the business = 6000 ÷ 0.40 = Rs. 15,000 Profit share of ‘B’ = (15000 – 6000) × (3/5) = Rs. 5,400
Which part of the Indian Constitution deals with the administration of tribal and scheduled areas?
Who elects the Vice President of India?
Consider the following:
I. Prime Minister
II. Union Home Minister
III. Speaker of the Lok Sabha
IV. Deputy Chairman of the R...
In which location did Jawaharlal Nehru proclaim Poorna Swaraj or complete independence for India?
World Humanitarian Day is celebrated on_______?
Who is responsible for the appointment, posting, and promotion of district judges in an Indian state?
Under which article of the Indian Constitution can the Lok Sabha, in a special sitting, disapprove the continuance of a National Emergency even if the R...
The 74th Amendment Act of 1992 added which new Part to the Constitution of India?
Anthurium plant often mentioned in the news is a
The 73rd Constitutional Amendment Act, which concerns the governance structure of which rural administrative body?
Relevant for Exams:
