Bittu, Tittu and Mitthu invested Rs. 80000, Rs. 100000 and Rs. 120000 respectively to start a business. Partnership condition is that, each will get interest on his capital at the rate of 15% per annum and the remaining profit will be divided in the ratio of their capitals. If at the end of the year the total profit is Rs. 59250, then find the share of Mitthu on profit?
Interest for Bitttu = (80000×15×1)/100 = 12000 Interest for Tittu = (100000×15×1)/100 = 15000 Interest for Mitthu = (120000×15×1)/100 = 18000 Total interest of (Bittu+tittu+mitthu) = (12000+15000+18000) = 45000 Remaining profit = (59250-45000) = 14250 Bittu :Tittu : Mitthu Capital 80000 :100000 :120000 4 :5 :6 According to the question, (4+5+6) units = 14250 15 units = 14250 1 unit = 950 Share of mitthu in remaining profit = 950 × 6 = 5700 Total share of Mitthu = 5700+18000 = 23700
Which private sector bank has launched foreign outward remittance service through mobile banking, after this Non-resident external and resident savings ...
What is the main objective of the tree plantation drive 'Grow with the Trees' organized by BSF and SBI?
In which year did India first host the World Telecommunication Standardization Assembly (WTSA) in the Asia-Pacific region?
The Indo-Pacific Regional Dialogue (IPRD) 2024 focuses on which key theme?
Which organization received the UN’s WSIS 2024 PRIZE “Champion” Award?
Which sector's lithium-ion battery demand in India is expected to rise from 10 GWh to 200 GWh by 2035, as part of India's electric mobility expansion?
The PMAY-G includes provisions for convergence with other government schemes. Which of the following schemes is NOT typically linked or converged with P...
The Insolvency and Bankruptcy Board of India was founded in?
Indian Economy is recognized as a ‘bright star’ for 2023-24, the Economic Growth is estimated at:
Which significant infrastructure sector showed growth in August 2024 despite the overall contraction in core sector output?