
Ques:- A man has given Rs. 300000 as loan. He lent some of his capital to Ajay at an interest rate of 20% per annum and the rest to Ramesh at an interest rate of 12% per annum. At the end of one year, he got 17% of his capital as interest. How much did he lend to Ajay?
A. Rs. 120000
B. Rs. 140000
C. Rs. 160000
D. Rs. 187500
Ques:- How should a profit of Rs.450 be divided between two partners, one of whom has contributed Rs.1200 for 5 months and the other Rs.750 for 4 months?
A. 1 : 1
B. 1 : 2
C. 1 : 3
D. 2 : 1
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%
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