This topic contains 0 replies, has 0 voices, and was last updated by 
EduGorilla 1 year, 7 months ago.
- Posts
- Select Question Language :
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)
Ajay invested the profit made (from his venture with Raman) in a US start-up along with a colleague Tom Hanx, for a whole year. Tom, however, invested $200,000 for 6 months only. If the US start-up made $ 45,990 as its net profit at the end of the year. What was Tom’s share of profits? (Exchange rate – $1 = Rs. 50)
