Ques:- An individual pays 30% income tax. On this tax he has to pay a surcharge of 10%. Thus the net tax rate, he has to pay is
A. 27%
B. 33%
C. 40%
D. 45%
Ques:- A, B and C enter into a partnership. A initially invests Rs.25 lakhs and adds another Rs.10 lakhs after one year. B initially invests Rs.35 lakhs and withdraws Rs.10 lakhs after 2 years and C invests Rs.30 lakhs. In what ratio should the profit be divided at the end of 3 years?
A. 10 : 10 : 9
B. 19 : 19 : 18.
C. 20 : 19 : 18
D. 20 : 20 : 19
Ques:- Gautam started a business with a sum of Rs.60000. Jatin joined him 8 months later with a sum of Rs.35000. At what respective ratio will the two share the profit after two years?
A. 37 : 14
B. 18 : 7
C. 3 : 1
D. 2 : 1