Question
A and B enter a partnership. A contributed 5000 for 8
months and B 6000 for 5 months. Find A's share in a total profit of 9800.Solution
A contributed 5000 for 8 months, so their contribution to the total capital is: 5000 x 8 = 40000 B contributed 6000 for 5 months, so their contribution to the total capital is: 6000 x 5 = 30000 The total capital contributed by both partners is: 40000 + 30000 = 70000 Now, we can calculate the ratio of profit that will be divided between A and B. This will be based on the ratio of their contributions to the total capital: A's share in the profit = (A's capital contribution / Total capital) x Total profit B's share in the profit = (B's capital contribution / Total capital) x Total profit Substituting the values, we get: A's share in the profit (40000 / 70000) x 9800 =5600
Which section of the Bharatiya Nagarik Suraksha Sanhita, 2023 corresponds to the provision for "anticipatory bail"?
When mortgaged property is leased & it is renewed:
Under which Article the definition of state include the government and parliament of India, Government and Legislature of State and all local authoriti...
According to the SEZ Act, which of the following is NOT a "Unit"?
Which of the following is true of a Simple Mortgage under Section 58(b) of the Transfer of Property Act?
Under the Patents Act, 1970, which of the following cannot be patented in India?
Under Section 09 of Hindu Minority and Guardianship Act, 1956, who can appoint a testamentary guardian for a child?
What does Schedule II of the Companies Act delas with_____________
Which kind of hurt is not a grievous hurt?
Which of the following best describes the principle of the "Rule of Law" as it relates to Article 14 of the Indian Constitution?
