Partnership Quiz Questions for Competitive Exams
Two partners invest ₹ 1,25,000 and ₹ 85,000 respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be divided into ratio of their capitals. If one partner gets 300 more than the other. Find the total profit made in the business.
(A) ₹ 3739. 50
(B) ₹ 3937. 50
(C) ₹ 3749. 50
(D) ₹ 3947.50
Correct Answer : B
The ratio between the monthly income of A, B and C is 2 : 3 : 5. If C's monthly income is Rs. 1500 more than the A's monthly income, then find the B's annual income.
(A) Rs. 36000
(B) Rs. 30000
(C) Rs. 18000
(D) Rs. 24000
Correct Answer : C
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, B and C started a business with their investments in the ratio 1 : 2 : 4 . After 6-month A invested the half amount more as before and B invested same the amount as before while C withdrew $$1\over 4$$th of the his investments. Find the ratio of their profits at the end of the year.
(A) 5 : 12 : 13
(B) 5 : 11 : 14
(C) 5 : 12 : 14
(D) None of these
Correct Answer : C
Two friends Pankaj and Raju entered into a partnership by investing an amount of Rs 6000 and Rs 9000 respectively and ratio of their period of investment is 2: 3. Find the profit share of Pankaj if profit share of Raju is Rs 45,000.
(A) Rs 24,000
(B) Rs 20,000
(C) Rs 18,000
(D) Rs 28,000
Correct Answer : B
P, Q and R enter into a partnership. P invests Rs. 8000 for the whole year, Q puts in Rs. 12000 at the first and increasing to Rs. 16000 at the end of 4 months, whilst R puts in at first Rs. 16000 but withdraw Rs. 4000 at the end of 9 months. Find the profit of P at the end of year, if the total profit is Rs. 22600.
(A) Rs. 4800
(B) Rs. 4600
(C) Rs. 4750
(D) Rs. 4300
Correct Answer : A
A and B enter into partnership in vesting ₹ 48,000 and ₹ 60,000 respectively. After 3 months, A withdraws ₹ 8,000 while B invests 6,000 after 6 months of starting of business. Out of the total amount of profit, if A gets ₹ 12, 000 as his share at the end of the year total profit is:
(A) ₹ 24,000
(B) ₹ 30,000
(C) ₹ 36,000
(D) ₹ 37,000
Correct Answer : B
Suresh, Dinesh and Ramesh became partners in a business by investing money in the ratio of 3 : 6 : 8. If their investments is increased by 5%, 15% and 20%, respectively, then what will be the ratio of their profits for one year?
(A) 7∶46∶64
(B) 19∶46∶64
(C) 21∶46∶64
(D) 35∶46∶64
Correct Answer : C
X and Y enter into a partnership with capital in the ratio 3: 5. After 5 months X adds 50% of his capital, while Y withdraws 60% of his capital. What is the share (in lakhs) of X in the annual profit of 6.84 lakhs?
(A) 3.72
(B) 3.6
(C) 4.2
(D) 3.12
Correct Answer : A
A and B enter into a partnership with capital in the ratio 5: 6. After 4 months, A withdraws $$1\over 5$$of his capital, while B increases his capital by $$33{1\over 3}\%$$. What is the share (in ₹ lakhs) of B in the annual profit of ₹6.3 lakhs?
(A) 2.34
(B) 3.96
(C) 2.61
(D) 3.69
Correct Answer : B