Partnership Practice Question and Answer
8 Q: A and B started a business with Rs 20,000 and Rs. 35,000 respectively. They agreed share the profit in the ratio of their capital. C joined the partnership with the condition that A, B and C will share profit equally and pay Rs. 220000 as premium for this, to be shared between A and B. In what ratio this premium is to be divided between A and B?
7978 05f2cfe0479b9e641a7607faf
5f2cfe0479b9e641a7607faf- 11:10false
- 210:1true
- 35 :8false
- 410:9false
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Answer : 2. "10:1"
Q: Three men Ashok, Bindusar and Chankya invested Rs. 11000, Rs. 12000 and Rs. 17000 in a partnership business for a year. After a year, they got a return of Rs. 100000. If they decide to divide the amount on the basis of their shares of investment, then what amount will Chankya receive more than Ashok?
1165 061b1ee1979954245bc065a61
61b1ee1979954245bc065a61- 1Rs.12000false
- 2Rs.15000true
- 3Rs.27000false
- 4Rs. 35000false
- 5None of thesefalse
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Answer : 2. "Rs.15000"
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 05b5cc731e4d2b4197774f7f1
5b5cc731e4d2b4197774f7f1- 112,421false
- 29,423false
- 311,600false
- 410,500true
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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.
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Answer : 3. "C"
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 05dcbd0a5e9d33d6509bed21a
5dcbd0a5e9d33d6509bed21a- 1₹ 24,000false
- 2₹ 30,000true
- 3₹ 36,000false
- 4₹ 37,000false
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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.
9129 05e78a599389ef1736dd807fc
5e78a599389ef1736dd807fc- 1Rs 40000, Rs 104000, Rs 52500false
- 2Rs 104000, Rs 52500, Rs 40000true
- 3Rs 52500, Rs 40000, Rs 104000false
- 4Rs 78420, Rs. 48645, Rs. 48770false
- 5None of thesefalse
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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 05f1aa7b498004644da94ff7d
5f1aa7b498004644da94ff7d- 13true
- 26false
- 34false
- 45false
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Answer : 1. "3"
Q: Two friends A and B invest in a business in partnership. B borrows 20% of A’s salary, combines it with 60% of his salary and invests with A, who puts all of his remaining salary. One year later the ratio of profit of A and B is 5 : 3 respectively and B returns Rs. 21000 to A which he borrowed from him. What is the difference between salary of A and B?
4401 062c3edef95b7933e53326ef4
62c3edef95b7933e53326ef4- 1Rs. 33000false
- 2Rs. 56000true
- 3Rs. 60000false
- 4Rs. 28000false
- 5None of thesefalse
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