Unitary income elasticity of demand (Ei=1) implies that a given proportionate rise in the consumer's money income is accompanied by an equally proportionate rise in the quantity demanded of a commodity, and vice versa.
Raj and Anjan initiated a business with investments in the ratio of 4:5, respectively. After 4 months, Kumari joined the venture with an investment that...
In a business, A invested Rs. 1500 more than that by B. After 10 months, A left the business. If at the end of the year, profit earned by B is equal to ...
A and B started a business by investing sum in the ratio 5:7 respectively for 6 and 10 months respectively. If annual profit earned by B is Rs.1400, the...
Akash invested some money in a venture for a period of 5 months. After 3 months of his investing, Brijesh invested some amount such that the ratio of in...
‘A’ started a business with the investment of Rs. 12000. After ‘x’ months and after 3 months from starting ‘B’ and ‘C’, respectively, jo...
M and N started a business by investing Rs.4000 and Rs.5000 respectively. After 8 months, M and N increased their investments by 25% and Rs.2000 respect...
P started a business with an investment of Rs.14000, after 6 months Q joined him with Rs.16000 and after another 6 months R joined them with Rs.20000. I...
Four people P, Q, R and S started a business. The initial investment of P is Rs. 500 less than the initial investment of R. The ratio between the initia...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...
Abhijeet and Vivek jointly initiated a business. Abhijeet contributed 60% of the total investment made by both of them. Abhijeet invested his amount for...
