Partnership Questions and Answers for Bank Exams and SSC

Partnership questions and answers for competitive exams:

21. Two friends P and Q started a business investing in the ratio of 5 : 6. R joined them after six months investing an amount equal to that of Q’s. At the end of the year, 20% profit was earned which was equal to Rs. 98,000. What was the amount invested by R?

(A) Rs. 1,05,000

(B) Rs. 1,75,000

(C) Rs. 2,10,000

(D) Data inadequate

(E) None of these

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22. Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?

(A) 5 : 7 : 8

(B) 28 : 49 : 64

(C) 38 : 28 : 21

(D) None of these

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23. A and B invest in a business in the ratio 3 : 2. If 5 % of the total profit goes to charity and A’s share is Rs. 855, the total profit is :

(A) Rs. 1425

(B) Rs. 1500

(C) Rs. 1537.50

(D) Rs. 1576

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24. A and B started a business with initial investments in the ratio 14 : 15 and their annual profits were in the ratio 7 : 6. If A invested the money for 10 months, for how many months did B invest his money?

(A) 6

(B) 7

(C) 8

(D) 9

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25. A and B are partners in a business. A contributes of  the capital for 15 months and B received  of the profit. For how long B’s money was used?

(A) 6 months

(B) 9 months

(C) 10 months

(D) 1 year.

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