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A trader does not keep a complete set of books and provides the following information-
He started business on 1st June, 2004 with Rs. 10,000. He made withdrawals at the rate of Rs. 500 per month during the last 6 months. During the year, a further capital of Rs. 2,000 was invested. His total assets as on 31st December, 2004 were Rs. 23,700, his creditors were Rs. 3,000 on the same date and unpaid expenses were Rs. 500 then his net profit would be-

A trader does not keep a complete set of books and provides the following information-
He started business on 1st June, 2004 with Rs. 10,000. He made withdrawals at the rate of Rs. 500 per month during the last 6 months. During the year, a further capital of Rs. 2,000 was invested. His total assets as on 31st December, 2004 were Rs. 23,700, his creditors were Rs. 3,000 on the same date and unpaid expenses were Rs. 500 then his net profit would be- Correct Answer Rs. 11,200

Related Questions

Stock Rs. 14,000; Debtors Rs. 20,000: Creditors Rs. 20,000; Credit balance of profit and loss account at the beginning of the year Rs. 18,000; administration and selling expenses Rs. 20,000; 10% dividend on equity capital Rs. 3,000.
The following ratios are also given:
Stock turnover: 5 times
Current ratio 2 : 1
Debtors collection period: 73 days
Outstanding expenses: 15% of creditors
Ratio of net profit after tax to net tangible assets is 1: 10
Rate of Income tax: 5%
Ratio of fixed assets to paid up capital is 9: 10.
The total assets of the firm are:
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. P invested Rs. 10000 more than Q in a business, but at the end of the year, they received profit in the ratio 11 ∶ 10, such that P received Rs. 2100 more than Q. R and S also invested in another business in the ratio 1 ∶ 2, but at the end of the year, they received profit in the ratio 6∶ 7, such that R received Rs. 2400 less than S. Quantity A: If P withdrew Rs. 10000 after 6 months of investment, how much money did he initially invested? Quantity B: If S withdrew Rs. 50000 after 4 months of investment, how much money did he initially invested? Quantity C: How much total profit did all four of them earned at the end of the year?
A, B and C three friends started the business in which A invested for 4 months, B initially didn’t invest and started as working partner, while C invested for 6 months. They decided to donate 9% of total profit and to give 21% of total profit to B as salary. Find the ratio of their profit shares if A and C invested in the ratio of 3 ∶ 2 and B also invested an amount which is 80% of total amount invested by A and C together for a single month.
Given below are two quantities named 1 and 2. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity 1: Amount invested by Samuel. Samuel gets Rs. 6750 out of total profit of Rs. 9000 And he invested Rs. 10000 more amount than his partner for 8 months and his partner Jack invested his amount for whole the year. Quantity 2: Share of Q, if the total profit at the end of the year is Rs. 86400. P, Q and R started a business with a total investment of Rs. 72,0000. P invested Rs. 60,000 more than Q and Q invested Rs. 30,000 less than R.
Refer the below data table and answer the following Question.   2011 2012 2013 2014 2015 Company A 2000 2000 5000 2000 1000 Company B 2000 3000 1000 5000 2000 Company C 3000 2000 5000 3000 3000   For which of the following pairs of years the total exports from the three Companies together are equal? (Note: Figures given are in lakh rupees)          
Ajay, udi and ravi have invested amount in business. Udi invested twice the amount then ajay and ravi invested thrice the amount then ajay. Ajay was the first one to invest, udi invested after 3 months in the business and ravi invested after 5 months then ajay. If the udi invested Rs. 20,000 and they earned a profit of 17% at end of one year then what is ajay’s share in profit?
A started a business by investing Rs. 8400. After 2 months B and C joined him by investing Rs. 9000 and Rs. 6000 respectively. After 4 more months, B withdrawn 1/3 part of his capital, D joined them by investing Rs. 10000 and after 4 more months A withdrawn his whole capital. After one year, A took Rs. 8400 from the total profit for starting the business and the rest profit is distributed according to their ratio. If the difference between the shares of A and B is Rs. 9600, then find the total profit.
A, B, and C are partners. A invested Rs. 4,50,000 in business for 't' months. B invested Rs. 2,00,000 for 5 months less than the period invested by A and C invested Rs. 6,00,000 for 3 months less than the period invested by B. Their profit sharing ratio is 27 : 7 : 12. Find the number of months for which each partner has invested in the business respectively.
A, B, and C are partners. A invested Rs. 20,000 in business for 't' months. B invested Rs. 30,000 for 4 months less than the period invested by A and C invested Rs. 60,000 for 2 months less than the period invested by B. Their profit sharing ratio is 2 : 2 : 3. Find the number of months for which each partner has invested in the business respectively.
A, B and C entered into a partnership business, A invested Rs. x, B invested 20% more than A and C invested \(111\frac{1}{9}\% \) of B. After 8 months B left the business and A withdraws 50% of his investment and after 2 more months A left the business whereas C increased his investment by 12.5%. Quantity I: If at the end of the year difference between profit shares of C and (A + B) together is Rs. 2822, then find the profit share of C? Quantity II: If total profit is Rs. 198596, then find the average of the profit share of (A + B) together?