Question
‘A’ and ‘B’ started a business by investing
certain sum in the ratio 10:13, respectively for 6 years. If 8% of the total profit is donated in an orphanage and A’s share is Rs. 2400, then find the total profit generated from the business.Solution
Since, ‘A’ and ‘B’ invested their sums for equal period, therefore, ratio of the profit received by ‘A’ and ‘B’ will be equal to the ratio of sum invested by them i.e. 10:13, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between ‘A’ and ‘B’ = 0.92 × 100x = Rs. 92x Profit received by ‘A’ = 92x × (10/23) = Rs. 40x According to the question, 40x = 2400 Or, x = 60 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 6000
Specific Performance of a contract does not mean_______________
Under the Indian Contract Act, 1872, where a person lawfully does anything for another person, not intending to do so gratuitously, and such other perso...
According to Article 38 of the Statute of the International Court of Justice (ICJ), which of the following are primary sources of international law?
Which of the following is the correct legal effect if Parliament enacts a law under Article 249 (national interest) that encroaches upon State List subj...
The RTI Act is applicable to which of the following ___________
Whoever threatens another with any injury to his person, reputation or property with intent to cause alarm to that person, or to cause that ...
Protection of interests of minorities in India is guaranteed to:
Laws inconsistent with and in derogation of Fundamental Rights are void is provided under which Article of Indian Constitution?
Under the Indian Partnership Act, 1932, the liability of partners for the firm's debts is:
Which of the following is NOT a procedural requirement for successfully invoking Section 8 for court referral to arbitration?
Relevant for Exams:
