Question
Raju, Shyam and Baburao entered into a partnership with
the initial capital of Rs. (X + 2000), Rs. (X + 10000) and Rs. 28000, respectively. After three months, Raju withdrew (2/3)rd of his initial capital, Shyam withdrew half of his initial capital and Baburao invested Rs. 4000 more. Shyam being active partner gets 20% of the total profit as extra amount and rest profit is shared among them in the ratio of their investment. If the annual profit share of Baburao is Rs. 13950 and total annual profit earned is Rs. 40500, then find the value of ‘’25% of X’’.Solution
Profit share ratio of Raju, Shyam and Baburao, respectively = [3(X + 2000) + 9(X + 2000)/3]:[3(X + 10000) + 9(X + 10000)/2]:[(28000 × 3) + (32000 × 9)] = (3X + 6000 + 3X + 6000):(3X + 30000 + 4.5X + 45000):(84000 + 288000) = (6X + 12000):(7.5X + 75000):372000 Total profit share = Rs. 40500 Extra profit share of Q = 40500 × 20% = Rs. 8100 Remaining profit share = 40500 – 8100 = Rs. 32400 Profit share of Baburao = 372000/(6x + 12000 + 7.5X + 75000 + 372000) 13950/32400 = 372000/(13.5X + 459000) 155/360 = 124000/(4.5X + 153000) 31/72 = 124000/(4.5X + 153000) 31(4.5X + 153000) = 72 × 124000 31(0.5X + 17000) = 8 × 124000 0.5X + 17000 = 8 × 4000 0.5X = 32000 - 17000 X = 15000/0.5 X = 30000 25% of X = 1/4 x 30000 = 7500
Under which scheme can Micro and Small Enterprises (MSEs) avail collateral-free credit with government-backed guarantees for loans up to ₹5 crore?
According to Herzberg's motivation hygiene theory which of the following has been matched correctly:
A. Motivation factor - A...
Under the "International Cooperation Scheme," what is the maximum reimbursement for airfare for MSME participants?
Consider the following statements regarding the World in the Medical Tourism Index:
1. India is ranked 10th out of the top 46 countries ...
Which of the following lays out the standard of ethical behavior expected from employees?
A.Code of ethics
B.Code of conduct
...
PM Jeevan Jyoti Bima Yojana was established to provide life insurance security to the poor and low-income section of the society. This scheme can be av...
As of the week ending September 20, 2024, India's foreign exchange reserves reached a record level of how much?
Who introduced the concept of 'Accredited Investors' in the Indian securities markets?
Match the following:
In the Ease of Living Index, a Citizen Perception Survey is being conducted. The survey carries ___________ of the marks under the Ease of Living Index.
Relevant for Exams:
