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EduGorilla 1 year, 7 months ago.
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Direction: The following questions are linked i.e. they may contain information for and borrow information from other questions. Do read the questions and find solutions carefully.
Ajay being a big businessman invests in several start-ups. In one of his start-ups in India he invested Rs. 2,16,00,000 for 15 months along with his friend Raman. Raman had invested Rs. 3,24,00,000 for 9 months only. Their start-up burnt (expenditure) Rs. 35,00,000 a month and made a revenue of Rs. 9,35,00,000 at the end of a cycle of 24 months. (Profit = Revenue – Expenditure)
Raman had already invested Rs. 35,00,000 since 4 months in another start-up with his brother-in-law. In addition he invested his gain from the venture with Ajay for 6 months. He kept invested with his initial amount for another 8 months after withdrawing his gain from venture with Ajay. His brother-in-law had invested Rs. 20,00,000 for a total of 16 months. What is the brother-in-law’s approximate share of loss if their start-up’s net loss was Rs. 54,00,000?
