Partnership Practice Question and Answer

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.

556 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:

Ram started a business by investing Rs.48000. After 7 months, Sita joined him with a capital of Rs.56000. At the end of the year of the total profit was Rs.5885. What is the Sita share of the profit?

532 0

  • 1
    Rs.3625
    Correct
    Wrong
  • 2
    Rs.1650
    Correct
    Wrong
  • 3
    Rs.1925
    Correct
    Wrong
  • 4
    Rs.3960
    Correct
    Wrong
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Answer : 3. "Rs.1925"

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?

521 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:

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.

520 0

  • 1
    Rs 24,000
    Correct
    Wrong
  • 2
    Rs 20,000
    Correct
    Wrong
  • 3
    Rs 18,000
    Correct
    Wrong
  • 4
    Rs 28,000
    Correct
    Wrong
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Answer : 2. "Rs 20,000"

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Answer : 1. "Rs. 4800"

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?

493 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:

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?

491 0

  • 1
    3.72
    Correct
    Wrong
  • 2
    3.6
    Correct
    Wrong
  • 3
    4.2
    Correct
    Wrong
  • 4
    3.12
    Correct
    Wrong
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Answer : 1. "3.72"

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Answer : 4. "₹ 63,000"

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