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X and Y are partners in a firm. They withdrew @ Rs. 1,500 and Rs. 1,000 respectively on 15<sup>th</sup> day of every month for all the twelve months during 2009. Interest on drawings is chargable @ 10% per annum. What would be the interest on drawings respectively?

Correct Answer: Rs. 900 and Rs. 600

A and B are partners with a profit-sharing ratio of 2 : 1 and capitals of Rs. 3,00,000 and Rs. 2,00,000, respectively. They are allowed 6% per annum interest on their cap itals and are charged 10% per annum interest on their drawings. Their drawings during the year were Rs. 60,000 for A and Rs. 40,000 for B. B's share of net profit as per profit and loss appropriation account amounted to Rs. 40,000. The net profit of the firm before any appropriation was

In September 2009, the sales of a product were $$\frac{2}{3}$$rd of the that in July 2009. In November 2009, the sales of the product were higher by 5% as compared to September 2009. How much is the percentage of increase on sales in November 2009 with respect to the base figure in July 2009 ?

The interest charged on a loan is Tk. p per Tk. 1000 for the first month and Tk. q for the Tk. 1000 for each month after first month.How much interest will be charged during the first three months of a loan of Tk. 10000?

A', 'B' and 'C' are partners in a partnership firm named A, B & C. 'A' retires from the firm without giving any public notice. Thereafter, an existing creditor lends Rs. ten lakh to the firm on the basis of his knowledge that 'A', 'B' and 'C' are the three partners in the firm. This amount remains unpaid by the firm. The creditor wants to recover the unpaid loan amount from the firm.

A and B entered in a business by making investment of Rs. 4000 & Rs. 5500 respectively. After six months A & B withdrew Rs. 1000 and Rs. 1500 respectively and C joined them with capital of Rs. 4x. If after one year and three months C received Rs. 2250 as profit share out of total profit of Rs. 12250, then find investment of C?

Charulata is a partner in a firm. She withdrew Rs. 10,000 in each quarter during the year ending on 31st March 2019. The interest on her drawings @ 9%per annum will be

The interest charged on a loan is Tk. p per Tk. 1,000 for the first month and Tk. q per Tk. 1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of Tk. 10,000?

The interest charged on a loan is p dollars per $1,000 for the first month and q dollars per $1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of $10,000?

The interest charged on a loan is p dollars per $1,000 for the first month and q dollars per $1,000 for each month after the first month . How much interest will be charged during the first three months on a loan of $ 10,000?

Out of 30 days of a month the income of a stall for the first 5 days was 100 per day for the next 10 days the income was 200 per day and for the last 15 days the income was 300 per day. If there was a fixed expenditure of 5000 per month and a variable expenditure of 70 per week. Find the monthly profit of the stall.