Partnership Practice Question and Answer

Q:

A starts some business with ₹ 50,000. After 3 months B joins him with ₹ 70,000. At the end of the year, in what ratio should they share the profit? 

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  • 1
    1 : 3
    Correct
    Wrong
  • 2
    3 : 2
    Correct
    Wrong
  • 3
    1 : 5
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"
Explanation :

A            :                  B

12*50,000       :       9*70,000
60           :          63
20          :           21

Q:

Sonu and Titu entered into a partnership for a year in which Sonu invested Rs 120000 and Titu invested Rs 70000. After 4 months, Sonu invested Rs 80000 more whereas after 5 months, Titu invested Rs 30000 more. When two months were left Sweety also joined investing Rs 400000 as her contribution. If the profit for the year was 12.5% of 1572000, find the share of Sonu, Titu and Sweety.

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  • 1
    Rs 40000, Rs 104000, Rs 52500
    Correct
    Wrong
  • 2
    Rs 104000, Rs 52500, Rs 40000
    Correct
    Wrong
  • 3
    Rs 52500, Rs 40000, Rs 104000
    Correct
    Wrong
  • 4
    Rs 78420, Rs. 48645, Rs. 48770
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs 104000, Rs 52500, Rs 40000"

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Answer : 2. "10:1"

Q:

A, B and C enter into partnership. A advances Rs. 1200 for 4 months, B Rs. 1400 for 8 months and C Rs. 1000 for 10 months. They gain Rs. 585 altogether. Find the share of each.

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  • 1
    Rs. 118, Rs. 242, Rs. 235
    Correct
    Wrong
  • 2
    Rs. 108, Rs. 252, Rs. 225
    Correct
    Wrong
  • 3
    Rs. 128, Rs. 242, Rs. 215
    Correct
    Wrong
  • 4
    Rs. 138, Rs. 262, Rs. 245
    Correct
    Wrong
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Answer : 2. "Rs. 108, Rs. 252, Rs. 225"

Q:

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 -

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  • 1
    ₹ 105000
    Correct
    Wrong
  • 2
    ₹ 70000
    Correct
    Wrong
  • 3
    ₹ 28000
    Correct
    Wrong
  • 4
    ₹ 280000
    Correct
    Wrong
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Answer : 2. "₹ 70000"

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Answer : 2. "Rs. 56000"

Q:

A, B and C entered into a partnership with investment in the ratio 5 : 4 : 6. After one year A doubled his investment and C withdrew half of his investment amount. At the end of two years, they earned a profit of Rs.96000, find the sum of the shares of B and C in the profit.

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  • 1
    Rs. 47000
    Correct
    Wrong
  • 2
    Rs. 49000
    Correct
    Wrong
  • 3
    Rs. 51000
    Correct
    Wrong
  • 4
    Rs. 53000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 51000"

Q:

Abhay gave 30% of his money to Vijay, Vijay gave 2/3rd of what he received to his mother. Vijay's mother gave 5/8th of the money she received from Vijay to the grocer. Vijay's mother is now left with Rs 600. How much money did Abhay have initially? 

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  • 1
    Rs 6,200
    Correct
    Wrong
  • 2
    Rs 8,000
    Correct
    Wrong
  • 3
    Rs 6,000
    Correct
    Wrong
  • 4
    Rs 8,200
    Correct
    Wrong
  • 5
    Rs 10,200
    Correct
    Wrong
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Answer : 2. "Rs 8,000 "

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