There are 3-partners in a company. Mr. Rand has invested $20,000; Mr. Walsh has
ID: 3032181 • Letter: T
Question
There are 3-partners in a company. Mr. Rand has invested $20,000; Mr. Walsh has invested $10,000; and Mr. Gross has invested $5,000. The profit for one year is $4, 200, which is divided among the partners in proportion to their investments. What is Mr. Gross's share of the profits?.. A printer charges $1.50 per hundred for the first 500 printed labels, $1.20 per hundred for the next 1,000 and $1.00 per hundred for all labels in excess of 1, 500. What is the charge for 2,000 labels? A state income tax is 2 1/2 % on earned net income and 1 1/2 % on capital gains. A man's earned net income for the year was $3, 400 and he made $240 on the sale of securities purchased previously. What was his income tax for the year? One typist can type 100 form letters in 20 hours while another can type 100 of these letters in 30 hours. If they both work at the same time, how many hours will it take them to complete 100 of these letters?Explanation / Answer
Ans(23):
for first 500 prints charge is $1.50 per 100 lables.
number of 100 lables set in 500 prints = 500/100=5
Hence charge upto 500 lables = 1.50 x 5= $7.50
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for next 1000 prints charge is $1.20 per 100 lables.
number of 100 lables set in 1000 prints = 1000/100=10
Hence charge upto (500+1000=1500) lables = $7.50 + 1.20 x 10= $19.50
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for lables excess of 1500, charge is $1.00 per 100 lables.
we need only 2000 lables so remaining lables = 2000-1500=500
number of 100 lables set in 500 prints = 500/100=5
Hence charge upto (500+1000+500=2000) lables = $19.50 + 1.00 x 5= $24.50
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Hence total charge for 2000 lables is $24.50.
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