Partnership Questions for Bank Exams
A and B started a business by investing Rs 350000 and Rs 140000 respectively. A gets 20% of the yearly profit for managing the business. Thereafter the profit is divided in the ratio of the capital. If A receive totally Rs 38000 more than B at the end of a year, then the profit is -
(A) ₹ 105000
(B) ₹ 70000
(C) ₹ 28000
(D) ₹ 280000
Correct Answer : B
The ratio of investment of two partners is 11: 12 and the ratio of their profits is 2: 3. If A invested the money for 8 months, find for how much time B invested his money?
(A) 10 months
(B) 11 months
(C) 12 months
(D) 13 months
Correct Answer : B
A starts business with Rs.3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2:3. What B’s contribution in the capital?
(A) Rs 7500
(B) Rs. 8000
(C) Rs. 8500
(D) Rs. 9000
Correct Answer : D
A and B invested in the ratio 3 : 2 in a business. If 5% of the total profit goes to charity and A’s share is Rs. 855, find the total profit.
(A) 1600
(B) 1500
(C) 1400
(D) 1300
Correct Answer : B
Rahul and Rohan enter into a partnership with their capitals in the ratio 7:9. At the end of 8th month, Rahul withdraws his capital. If they receive the profits in the ratio 8:9, find how long Rohan’s capital was used.
(A) 4 month
(B) 6 month
(C) 7 month
(D) 8 month
Correct Answer : C