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
As per the Transfer of Property Act, what are the rights and liabilities of the lessor?
Which of the following section of The Partnership act, 1932 defines 'business' ?
Which one of the following sections of the Indian Penal Code relates to punishment for voluntarily causing hurt on provocation?
According to the Bhartiya Nagarik Suraksha Sanhita, what does "investigation" include________________
In which of the following cases, Supreme Court reaffirmed a Muslim woman's claim to alimony and declared that everyone, regardless of religion, is subje...
When is an offence under Section 138 of Negotiable Instruments Act 1881 compoundable?
“A legal mechanism used to resolve disputes through the aid of a neutral third party given the authority of making a legally binding decision.” Is: ...
Precept is issued by___ to __.
Which of the following is incorrect with respect to the information that are required to be incorporated in the Memorandum of Association of a Company?
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiated
Relevant for Exams:
