Partnership Practice Question and Answer

Q:

Two partners invest 1,25,000 and 85,000 respectively in business and agree that 60 % of the profit should be divided equally between them and the remaining profit is it be treated as interest on capital. If one partner gets 300 more than the other, find the total profit made in the business. 

771 0

  • 1
    ₹ 3,793.50
    Correct
    Wrong
  • 2
    ₹ 3,937.50
    Correct
    Wrong
  • 3
    ₹ 3,379.50
    Correct
    Wrong
  • 4
    ₹ 3,973.50
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹ 3,937.50"

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
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "C, 25"

Q:

A, B, and C started a business. A invest 3,20,000 for 4 months and B invest 5.10,000 for 3 months and C invest 2,70,000 for 5 months. If the end of the year they get total profit of Rs. 1,24,800. Then find the share of B?

1334 1

  • 1
    45,900
    Correct
    Wrong
  • 2
    50,000
    Correct
    Wrong
  • 3
    49,200
    Correct
    Wrong
  • 4
    79,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "45,900"

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
  • Show AnswerHide Answer
  • Workspace

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
  • Show AnswerHide Answer
  • Workspace

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.

9128 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
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs 104000, Rs 52500, Rs 40000"

Q:

A total of 57 sweets were distributed in 10 children in such a way that each girl got 6 sweets and each boy got 5 sweets. The number of boys is:

1236 0

  • 1
    3
    Correct
    Wrong
  • 2
    6
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    5
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "3"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully