Partnership Practice Question and Answer

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.

3878 0

  • 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:

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:

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:

Shrikant and Vividh started a business investing amounts of Rs 185000 and Rs 225000 respectively. If Vividh's share in the profit earned by them is Rs 9000 what is the total profit earned by them together ?

1358 0

  • 1
    Rs 17400
    Correct
    Wrong
  • 2
    Rs 16400
    Correct
    Wrong
  • 3
    Rs 16800
    Correct
    Wrong
  • 4
    Rs 17800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs 16400"

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 "

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.

9120 0

  • 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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