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
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Answer : 2. "₹ 3,937.50"

Q:

The ratio of investment of Ram and Shyam is 11: 12 and the ratio of their profits is 2: 3. If Ram invested the money for 8 months, find for how much time Shyam invested his money?

710 0

  • 1
    12 months
    Correct
    Wrong
  • 2
    13 months
    Correct
    Wrong
  • 3
    10 months
    Correct
    Wrong
  • 4
    11 months
    Correct
    Wrong
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Answer : 4. "11 months"

Q:

Three partners started business by investing Rs.60,000, Rs.80,000 and Rs.1,20,000 respectively. First partner left the business after 4 months, second after 9 months and third rem ained in the business for the whole year. At the end of year the total profit earned is Rs. 1,60,480, then find their shares of profit.

647 0

  • 1
    ₹16840, ₹44188, ₹92686
    Correct
    Wrong
  • 2
    ₹16048, ₹48144, ₹96288
    Correct
    Wrong
  • 3
    ₹16042, ₹14842, ₹9862
    Correct
    Wrong
  • 4
    ₹15000, ₹13423, ₹7562
    Correct
    Wrong
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Answer : 2. "₹16048, ₹48144, ₹96288"

Q:

Monu and Kitu entered into a partnership for a year in which Monu invested Rs 120000 and Kitu invested Rs 70000. After 4 months, Monu invested Rs 80000 more whereas after 5 months, Kitu 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 Monu, Kitu and Sweety.

642 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
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Answer : 2. "Rs 104000, Rs 52500, Rs 40000"

Q:

A started the business with the investment of Rs. 36000. B and C joined him with some investments after 3 and 6 months. The profit is divided in the ratio of 2 ∶ 3 ∶ 5 at the end of the year. Find the difference between the investment made by B and C in the business.

639 0

  • 1
    Rs. 72000
    Correct
    Wrong
  • 2
    Rs. 90000
    Correct
    Wrong
  • 3
    Rs. 81000
    Correct
    Wrong
  • 4
    Rs. 120000
    Correct
    Wrong
  • 5
    Rs. 108000
    Correct
    Wrong
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Answer : 5. "Rs. 108000"

Q:

A started a business by investing Rs. 50,000. After 6 months B joined him by investing Rs. 75,000. After another 6 months C joined with Rs. 1,25,000. What is the ratio of profit shared after 2 years among A, B and C?

619 0

  • 1
    4 : 5 : 6
    Correct
    Wrong
  • 2
    8 : 9 : 10
    Correct
    Wrong
  • 3
    8 : 9 : 12
    Correct
    Wrong
  • 4
    4 : 5 : 8
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "8 : 9 : 10 "

Q:

Rs. 720 was divided among A, B, C, D, E. The sum received by them was in ascending order and in arithmetic progression. E received Rs. 40 more than A. How much did B receive?

616 0

  • 1
    Rs. 134
    Correct
    Wrong
  • 2
    Rs. 154
    Correct
    Wrong
  • 3
    Rs. 144
    Correct
    Wrong
  • 4
    Rs. 124
    Correct
    Wrong
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Answer : 1. "Rs. 134 "

Q:

Three partner A, B and C started a business by investing Rs. 48000 each. after 6 months, A left the business after 10 months B left the business and after 12 months C left the business. If total earned profit is Rs. 5250, then find the share of A, B and C?

556 0

  • 1
    ₹ 1125, ₹1825, ₹2250
    Correct
    Wrong
  • 2
    ₹1125, ₹1800, ₹2200
    Correct
    Wrong
  • 3
    ₹1125, ₹1875, ₹2250
    Correct
    Wrong
  • 4
    ₹1175, ₹1256, ₹2350
    Correct
    Wrong
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Answer : 3. "₹1125, ₹1875, ₹2250 "

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