Firoz invested Rs 6,50,000 to start a business. Dhruv joined him six months later by investing Rs 8,00,000. At the end of two years from the commencement of the business, they earned a profit of Rs 435000. What is Firoz's share of the profit ?
A shopkeeper sold in air-conditioner for Rs 25935 at a discount of 9% and earned a profit of 3.74%. What would have been the percentage of profit earned if no discount had been offered ?
Karan starts a business by investing Rs 6000 six months later Shirish joins him by investing Rs 1,00,000. At the end of one year from commencement of the business, they earn a profit of Rs 1,51,800. What is the Shirish's share in the profit ?
Answer: C Ratio of profit = Ratio of the equivalent capitals of Karan and Shirish for 1 month. = 60,000*12 : 1,00,000*6 = 6:5 Shirish's share in the profit = Rs (5/11 * 151800) = Rs 69,000.
Q. No. 64:
Ms. Priyanka sold two properties X and Y for Rs 30,000 each. She sold property X for 20% more than she paid for it and sold property Y for 20% less than she paid for it. If the expenses are disregarded, what was her gain or loss, if any, on the two properties ?
Answer: B If the selling price of two article is same and sold at x% more and x% less, there will be always loss = x2/100 = 202/100 = 4% Gain = 96% = 60,000 Loss = 4% = Rs 2500.
Q. No. 65:
A Techno company has 14 machines of equal efficiency in its factory. The annual manufacturing costs are Rs 42,000 and establishment charges are Rs 12,000. The annual output of the company is Rs 70,000. The annual output and manufacturing costs are directly proportional to the number of machines. The shareholders get 12.5% profit, which is directly proportional to the annual output of the company. If 7.14% machines remain closed throughout the year, then the percentage decrease in the amount of profit of the shareholders would be :
Answer: B Original profit = 70,000 - 42,000 - 12,000 = 16,000. If 7.14% of 14 i.e one of the machines closed through out the year, then change in profit will be : = 13/14 * [70,000 - 42,000] = 14,000 Thus, decrease in the profit % = 2000/16,000 * 100 = 12.5%
Q. No. 66:
A small and medium enterprises imports two components A and B from Taiwan and China respectively and assembles them with other components to form a toy. Component A contributes to 10% of production cost. Component B contributes to 20% of the production cost. Usually, the company sells this toy at 20% above the production cost. Due to increase in the raw material and labour cost in both the countries, Component A became 20% costlier and component B became 40% costlier. Owing to these reasons the company increased its selling price by 15%. Considering that cost of other components does not change, what will be the profit percentage, if the toy is sold at the new price ?
Answer: B Let the price of the products be 100. Then, the price of the components A and B will be 10 and 20 respectively. As the profit is 20%, the selling price = 120. Due to increase in the price of raw material, the new costs of components A and B will be 12 ans 28 respectively. The new selling price = 115% of 120 = 138. As, there is no change in the price of the other components, new cost of the products = 110. Thus, new profit = 28/110 * 100 = 25.45 %.