Partnership Practice Question and Answer

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:

Suresh, Dinesh and Ramesh became partners in a business by investing money in the ratio of 3 : 6 : 8. If their investments is increased by 5%, 15% and 20%, respectively, then what will be the ratio of their profits for one year? 

1100 0

  • 1
    7∶46∶64
    Correct
    Wrong
  • 2
    19∶46∶64
    Correct
    Wrong
  • 3
    21∶46∶64
    Correct
    Wrong
  • 4
    35∶46∶64
    Correct
    Wrong
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Answer : 3. "21∶46∶64"

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:

Mohan invested Rs. 100,000 in a garment business. After few months, Sohan joined him with Rs. 40000. At the end of the year, the total profit was divided between them in ratio 3:1. After how many months did Sohan join the business?

1054 0

  • 1
    3
    Correct
    Wrong
  • 2
    2
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    5
    Correct
    Wrong
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Answer : 2. "2"

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:

Gagan started a business and Michael joined him after 2 months. Gagan spent Rs.15000 while Michael spent Rs.27,000. Their one year profit came out to Rs.5000. How much profit will Gagan get?

1041 0

  • 1
    3000
    Correct
    Wrong
  • 2
    2000
    Correct
    Wrong
  • 3
    1500
    Correct
    Wrong
  • 4
    2750
    Correct
    Wrong
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Answer : 2. "2000"

Q:

Amount invested by C is Rs 4000 more than that of A and after 9 months, A and C both withdrew their whole amount and B joined the business with Rs. 24,000. If at the end of year, ratio of profit share of A to that of C is 2: 3 then, find profit share by B out of total profit of Rs 14000? 

1039 0

  • 1
    Rs. 3600
    Correct
    Wrong
  • 2
    Rs. 4000
    Correct
    Wrong
  • 3
    Rs. 4400
    Correct
    Wrong
  • 4
    Rs. 3200
    Correct
    Wrong
  • 5
    Rs. 4200
    Correct
    Wrong
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Answer : 2. "Rs. 4000 "

Q:

Answer the following questions

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

1018 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"

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