Ram and Shyam form a partnership (with Shyam as working partner) and start a business by Investing and respectively. The conditions of partnership were as foIIows:
In case of profits till per annum, profits would be shared in the ratio of the invested capital.
Profits from till Shyam would take out of the profit, before the division of remaining profits, which will then be based on ratio of invested capital.
Profits in excess of Shyam would take out of the profits beyond before the division of remaining profits, which will then be based on ratio of invested capital.
If Shyam's share in a particular year was which option indicates the total business profit (in ) for that year?
Profits in excess of Shyam would take out of the profits beyond before the division of remaining profits, which will then be based on ratio of invested capital.
Important Questions on Taste of The Exams - Block II & III
The Maximum Retail Price (MRP) of a product is above its manufacturing cost. The product is sold through a retailer, who earns profit on his purchase price. What is the profit percentage (expressed in nearest integer) for the manufacturer who sells his product to the retailer? The retailer gives discount on MRP.
The tax rates for various income slabs are given below.
| Income Slab | Tax rate |
| Nil | |
There are persons working in an organization. Out of them, to persons are falling in each of the income slabs mentioned above. Which of the following is the correct tax range of the persons? (E.g. If one is earning the tax would be:
