Partnership Practice Question and Answer

Q:

M, P and Q together started a business. M invested ₹ 6, 500 for 6 months, P invested ₹ 8,400 for 5 months and Q invested ₹ 10,000 for 3 months. M is working member for which he gets 5 % of total profit extra. If the total gain is  7,400 , then Q's share is : 

1052 0

  • 1
    ₹ 1900
    Correct
    Wrong
  • 2
    ₹ 2,100
    Correct
    Wrong
  • 3
    ₹ 3,200
    Correct
    Wrong
  • 4
    Data are incomplete
    Correct
    Wrong
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Answer : 1. "₹ 1900 "

Q:

X and Y enter into a partnership with capitals in the ratio 5 : 6 and at the end of 8 months, x with draws. If they receive profit in the ratio of 5 : 9. Find how long Y's capital was used. 

1283 0

  • 1
    8 months
    Correct
    Wrong
  • 2
    9 months
    Correct
    Wrong
  • 3
    11 months
    Correct
    Wrong
  • 4
    12 months
    Correct
    Wrong
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Answer : 4. "12 months "

Q:

By mistake instead of dividing Rs.117 among A,B and C in the ration $${1\over2}:{1\over3}:{1\over4} $$. it was divided in the ratio of 2:3:4. Who gains the most and by how much?

1084 0

  • 1
    A, 28
    Correct
    Wrong
  • 2
    B, 3
    Correct
    Wrong
  • 3
    C, 20
    Correct
    Wrong
  • 4
    C, 25
    Correct
    Wrong
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Answer : 4. "C, 25"

Q:

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. 

1589 1

  • 1
    5 : 12 : 13
    Correct
    Wrong
  • 2
    5 : 11 : 14
    Correct
    Wrong
  • 3
    5 : 12 : 14
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "5 : 12 : 14"

Q:

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. 

906 0

  • 1
    ₹ 3739. 50
    Correct
    Wrong
  • 2
    ₹ 3937. 50
    Correct
    Wrong
  • 3
    ₹ 3749. 50
    Correct
    Wrong
  • 4
    ₹ 3947.50
    Correct
    Wrong
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Answer : 2. "₹ 3937. 50 "

Q: Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ? 3154 0

  • 1
    12,421
    Correct
    Wrong
  • 2
    9,423
    Correct
    Wrong
  • 3
    11,600
    Correct
    Wrong
  • 4
    10,500
    Correct
    Wrong
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Answer : 4. "10,500"
Explanation :

Answer: D) 10,500 Explanation: The ratio of their investments:50000x36 : 80000x30 = 3 : 4Simran's share of profit = (24500x3/7) = Rs.10,500.

Q:

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: 

1154 0

  • 1
    ₹ 24,000
    Correct
    Wrong
  • 2
    ₹ 30,000
    Correct
    Wrong
  • 3
    ₹ 36,000
    Correct
    Wrong
  • 4
    ₹ 37,000
    Correct
    Wrong
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Answer : 2. "₹ 30,000 "

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