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?

491 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
  • Show AnswerHide Answer
  • Workspace

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.

550 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
  • Show AnswerHide Answer
  • Workspace

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?

515 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
  • Show AnswerHide Answer
  • Workspace

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

424 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
  • Show AnswerHide Answer
  • Workspace

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.

639 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
  • Show AnswerHide Answer
  • Workspace

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?

469 0

  • 1
    4200
    Correct
    Wrong
  • 2
    8000
    Correct
    Wrong
  • 3
    7400
    Correct
    Wrong
  • 4
    8400
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "8400"

  • Show AnswerHide Answer
  • Workspace

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.

479 0

  • 1
    ₹12,800
    Correct
    Wrong
  • 2
    ₹12,500
    Correct
    Wrong
  • 3
    ₹13,500
    Correct
    Wrong
  • 4
    ₹13,800
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹13,800"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully