Question
The cost of diamond varies directly as the square of its
weight. A diamond broke into four pieces with weights in the ratio 3 : 4 : 5 : 6. if the loss in the total value of the diamond was Rs. 119,000. The price of the original diamond was?Solution
Let the weight of the pieces of diamond be 3x, 4x, 5x, 6x Total weight of diamond = 3x + 4x + 5x + 6x = 18x Price ∝ (weight)2 => Price = k(weight)2 ; where, K is constant Original price = k(18x)2 Price of pieces = (9kx2 + 16kx2 + 25kx2 + 36kx2) = 86kx2 Loss in price = 324kx2 – 86kx2 = 238kx2 which is given as 119,000 => 238kx2 = 119000 => kx2 = 500 Original price = 324kx2 = 324 x 500 = 162000
Which of the following is an exception to the doctrine of privity of contract rule _______________?
A contract is entered into under duress where one party threatened the other with loss of business if the agreement wasn't signed. The other party signs...
In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -
A contract entered between two companies was found to lack mutual consent. Under the Indian Contract Act, which essential element of a valid contract is...
Which one of the following is a correct equation?
Company A promises to sell land to Company B but does not sign a written agreement. B makes payment and takes possession. Is this enforceable?
What will be the P/V ratio for the firm with the following sales and profit during last two years:
Which of the following statement is true?
Which challenge was posed by Over-the-Top (OTT) services to the traditional Indian telecom services?
A listed company has an average net profit of Rs. 12 crore in the last 3 years. As per Section 135 of the Companies Act, 2013, which of the following st...