Partnership Practice Question and Answer

Q:

P, Q and R share the profit in a business in the ratio of 1/4, 1/6 and 7/12. Due to some reason, R takes retirement. What will be the new profit sharing ratio for P and Q if they retain their old ratios in the new shares of profit?

521 0

  • 1
    2:3
    Correct
    Wrong
  • 2
    3:2
    Correct
    Wrong
  • 3
    5:3
    Correct
    Wrong
  • 4
    1:2
    Correct
    Wrong
  • 5
    2:5
    Correct
    Wrong
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Answer : 2. "3:2"

Q:

A and B entered into a partnership by investing Rs. 8000 and Rs. 6000 respectively. After 8 months, A withdrew half his investment while B invested 1.5 times more of his investment more and C joined the partnership with Rs. 12000. Find the profit share of C after 1 year if A got Rs. 8000 as profit.

580 0

  • 1
    Rs. 5400
    Correct
    Wrong
  • 2
    Rs. 4500
    Correct
    Wrong
  • 3
    Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 4800
    Correct
    Wrong
  • 5
    Rs. 6000
    Correct
    Wrong
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Answer : 4. "Rs. 4800"

Q:

Reshmi and Rahul invested Rs. 6000 and Rs. 8000 in a business for 6 months and 8 months respectively. Rahul being an working partner earned 23/4% profit out of a total profit of Rs. 36000 and after this the rest of the profit was divided according to their investments. What is Rahul's profit amount?

549 0

  • 1
    24780.30
    Correct
    Wrong
  • 2
    23785.20
    Correct
    Wrong
  • 3
    23885.20
    Correct
    Wrong
  • 4
    27785.20
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "23785.20"

Q:

A started a business with a certain capital. After 3 months A left the business and B joins the business and remains in business. If the ratio of the profit at the end of the year is 5: 6 and the initial investment of A is Rs. 6000, then the investment of B is

452 0

  • 1
    Rs. 1800
    Correct
    Wrong
  • 2
    Rs. 2400
    Correct
    Wrong
  • 3
    Rs. 3600
    Correct
    Wrong
  • 4
    Rs. 4800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs. 2400"

Q:

A started the business with the investment of Rs. 36000. B and C joined him with some investments after 3 and 6 months. The profit is divided in the ratio of 2 ∶ 3 ∶ 5 at the end of the year. Find the difference between the investment made by B and C in the business.

668 0

  • 1
    Rs. 72000
    Correct
    Wrong
  • 2
    Rs. 90000
    Correct
    Wrong
  • 3
    Rs. 81000
    Correct
    Wrong
  • 4
    Rs. 120000
    Correct
    Wrong
  • 5
    Rs. 108000
    Correct
    Wrong
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Answer : 5. "Rs. 108000"

Q:

R, S and T started a business by investing Rs. 25000, Rs. 15000 and Rs.30000 respectively. If the total profit earned is Rs. 58800 and it is decided that one-third of the profit will be divided into their investment ratio and rest of the amount will be invested in another work, then what is the share of T?

495 0

  • 1
    4200
    Correct
    Wrong
  • 2
    8000
    Correct
    Wrong
  • 3
    7400
    Correct
    Wrong
  • 4
    8400
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "8400"

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Answer : 4. "₹ 63,000"

Q:

A, B and C together invests ₹53,000 in a business. A invests ₹5,000 more than B and B ₹invests 6,000 more than C. Out of a total profit of ₹31,800, find the share of A.

513 0

  • 1
    ₹12,800
    Correct
    Wrong
  • 2
    ₹12,500
    Correct
    Wrong
  • 3
    ₹13,500
    Correct
    Wrong
  • 4
    ₹13,800
    Correct
    Wrong
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Answer : 4. "₹13,800"

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