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Question

Call rate of sim company A is 1 paisa for every 3 seconds. Another sim company B charges 45 paise per minute. A man talked for 591 seconds on sim A and 780 seconds on sim B. What would be the total amount he spent?

A
Rs 7.80
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B
Rs 7.40
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C
Rs 7.46
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D
Rs 7.82
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E
Rs 8.46
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Solution

The correct option is D Rs 7.82
Here, total amount spent
=(5913+4560×780)paise
=(197+585)paise
=782 paise=Rs 7.82

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Puneet, Pankaj and Pammy are partners in a business sharing profits and losses in the ratio of 2 : 2 :1 respectively. Their balance sheet as on March 31, 2007 was as follow

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Mr Pammy died on September 30, 2007. The partnership deed piovided the following

(i) The deceased partner will be entitled to his share of profit up to the date of death calculated on the basis of previous year's profit.

(ii) He will be entitled to his share of goodwill of the firm calculated on the basis of 3 years' purchase of average of last 4 years profit. The profits for the last four financial years are given below for 2003-04; Rs. 80,000; for 2004-05, Rs. 50,000; for 2005-06, Rs. 40,000; for 2006-07, Rs. 30,000. The drawings of the deceased partner up to the date of death amounted to Rs. 10,000. Interest on capital is to be allowed at 12% per annum.

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