Question
'Akash', 'Bishnu', and 'Chintu' formed a partnership
with investments of Rs. 4800, Rs. 3600, and Rs. 6400, respectively, for durations of 8 months, 1 year 4 months, and 4 months. What percentage more or less is the combined profit of 'Akash' and 'Bishnu' compared to that of 'Chintu'?Solution
ATQ, Respective ratio of the profits received by ‘Akash’, ‘Bishnu’ and ‘Chintu’ = (4800 × 8):(3600 × 16):(6400 × 4) = 6:9:4 Therefore, let the profit received by ‘Akash’, ‘Bishnu’ and ‘Chintu’ be Rs. 6p, Rs. 9p and Rs. 4p, respectively So, profit received by ‘Akash’ and ‘Bishnu’, together = (6p + 9p) = Rs. 15p Required % = {(15p – 4p)/4p} × 100 = 275%
Who has recently been announced as the brand ambassador for Kotak Mahindra Life Insurance Company Limited (Kotak Life)?
Which organization has launched the Bima Ratna, a life insurance plan to financially assist the policyholder's family in the event of the policyholder's...
Which section of Insurance Act, 1938 grants power to IRDA to frame regulations?
Which insurance corporation has introduced the “Jeevan Azad Plan', a policy designed to provide financial assistance to the family in the event of the...
Which insurance company from the given options has introduced the scheme named 'Dhan Varsha'?
Which life insurance company has launched a new product, T.U.L.I.P, a term with a unit-linked insurance plan that gives a life cover up to 100 times the...
Which company was the first and the oldest to start 'Life Insurance' in India?
Which entity has achieved the distinction of becoming the initial Indian life insurance company to attain a 74% foreign shareholding?
Which of the following statements is/are true with respect to the changes made by the Life Insurance Corporation in the framework for the selection of s...
A new platform called 'DigiClaim' was launched in 2023, it is related to which of the following?