Q(31. During the year ended 31st March, 2018, a firm made a net profit of
79,380. Profit is to be distributed in the ratio of capital employed during the year. On
the basis of the following information, calculate share of profit of A, B and C:
A(R) B(*) C (5)
Capital Balance on 1.4.2017
1,00,000 1,80,000 1,50,000
Additional Capital introduced on 31.8.2017
50,000
40,000
Capital withdrawn on 1.1.2018
30,000
10,000
[Ans. Share of Profit A 21,700; B *28,980 and C 28,700]
Answers
Answer:
Let the 1st paycheck be x (integer).
Mrs. Rodger got a weekly raise of $ 145.
So after completing the 1st week she will get $ (x+145).
Similarly after completing the 2nd week she will get $ (x + 145) + $ 145.
= $ (x + 145 + 145)
= $ (x + 290)
So in this way end of every week her salary will increase by $ 145.
2. The value of x + x(xx) when x = 2 is:
(a) 10, (b) 16, (c) 18, (d) 36, (e) 64
Solution:
x + x(xx)
Put the value of x = 2 in the above expression we get,
2 + 2(22)
= 2 + 2(2 × 2)
= 2 + 2(4)
= 2 + 8
= 10
Answer: (a)
3. Mr. Jones sold two pipes at $1.20 each. Based on the cost, his profit one was 20% and his loss on the other was 20%. On the sale of the pipes, he:
(a) broke even, (b) lost 4 cents, (c) gained 4 cents, (d) lost 10 cents, (e) gained 10 cents
Solution:
Selling price of the first pipe = $1.20
Profit = 20%
Let’s try to find the cost price of the first pipe
CP = Selling price - Profit
CP = 1.20 - 20% of CP
CP = 1.20 - 0.20CP
CP + 0.20CP = 1.20
1.20CP = 1.20
CP = 1.201.20
CP = $ 1
Selling price of the Second pipe = $1.20
Loss = 20%
Let’s try to find the cost price of the second pipe
CP = Selling price + Loss
CP = 1.20 + 20% of CP
CP = 1.20 + 0.20CP
CP - 0.20CP = 1.20
0.80CP = 1.20
CP = 1.200.80
CP = $1.50
Therefore, total cost price of the two pipes = $1.00 + $1.50 = $2.50
And total selling price of the two pipes = $1.20 + $1.20 = $2.40
Loss = $2.50 – $2.40 = $0.10
Therefore, Mr. Jones loss 10 cents.
Explanation:
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