U and V started a business by investing amounts Rs 184000 and Rs 224000 respectively. If U’s share in the profit received at the end of year is Rs 20700, then what will be the total profit (in Rs) earned by them together? ?->(Show Answer!)

1. U and V started a business by investing amounts Rs 184000 and Rs 224000 respectively. If U’s share in the profit received at the end of year is Rs 20700, then what will be the total profit (in Rs) earned by them together?

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By: anil on 05 May 2019 02.06 am

Amount invested by U = Rs. 184,000 Amount invested by V = Rs. 224,000 Ratio of profits of U:V = $$184000:224000$$ = $$23:28$$ Let profit earned by U and V be Rs. $$23x$$ and $$28x$$ respectively. Acc to ques, => $$23x=20700$$ => $$x=frac{20700}{23}=900$$ $$ herefore$$ Total profit = $$23x+28x=51 imes900=Rs.$$ $$45,900$$ => Ans - (B)

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MCQ-> Read the following passage carefully and answer the questions based on it. Some words have been printed in bold to help you locate them while answering some of the questions.Notwithstanding the fact that the share of household savings to GDS is showing decline, still this segment is the significant contributor to GDS with 70% share. Indian households are among the most frugal in the world However, commensurate capital formation has not been taking place as a lion's share of household savings are being parked in physical assets compared to financial assets. The pattern of disposition of saving is an important factor in determining how the saved amount is utilized for productive purposes. The proportion of household saving in financial assets determines the channelisation of saving for investment in other sectors of the economy. However, the volume of investment of saving in physical assets determines the productivity and generation of income in that sector itself. 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