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Business Data Management · End Term · 13 Sept 2026 · May 2026 term · Set 1

Question 16: Ravi's Lemonade Stand sells 60 glasses a day on average …

Question 16

+3 marksOne correct option

Ravi's Lemonade Stand sells 60 glasses a day on average for the month of June (30 days) at 10 each. Daily operating expenses are Rs 350. Additionally, he pays a monthly fixed rent of Rs 500. If he decides to distribute 50% of his monthly profit as dividends, what amount remains in the business as 'Retained Earnings'?

  1. A

    ₹7,000

  2. B

    ₹3,500

  3. C

    ₹9,000

  4. D

    ₹4,000

Show answer

Correct answer

  • B

    ₹3,500

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Question 16 of 43 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 13 Sept 2026, in the May 2026 term (Business Data Management 13 Sep 26 (Session 2)). It carries 3 marks.

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