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# Partnership - Online Quiz

Following quiz provides Multiple Choice Questions (MCQs) related to **Partnership**. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using **Show Answer** button. You can use **Next Quiz** button to check new set of questions in the quiz.

Q 1 - If the the total investment of a business is an amount of rs. 5000. Ajay invested 4000 Rs. more in the comparision of Bijender and Bijender invested 5000 more in the comparision of Chman . At the end of the year, Rs. 35000 earned in the form of profit then what should be the share of Ajay?

### Answer : A

### Explanation

If we can assume that the C , B and A have the investment of Rs. x , (x+5000) and Rs. (x+9000) respectively. Then, X+(x+5000)+(x+9000) =50000 ⇒ 3x = 36000 ⇒ x =12000. C =Rs. 12000 , B = Rs. 17000 and C = Rs. 21000 A : B : C = 21000 : 17000: 12000 = 21: 17: 12 Share of A = Rs. (35000* 21/50) = Rs. 14700

Q 2 - There are three partners in a firm and condition of investment by them is that at the beginning time investment done by A and after the period of 6 month B invested double than A and C invested 8month later but 3 times in the comparision of A. If annual profit Rs. 27000 is announced then what will be the share of profit in the favour of C?

### Answer : B

### Explanation

If x , 2x, 3x amount invested by A, B and C respectively. A: B: C = (x*12): (2x*6): (3x:4) = 12x:12x: 12x = 1:1:1 Share of C in profit = Rs. (27000* 1/3) = Rs. 9000.

Q 3 - 6 (capital of A) : 8(capital of B) : 10 (capital of C) these condition of investment are in a firm who made by three partners A: B;C . What should be the ratio of capital of A, B and C ?

### Answer : D

### Explanation

Let 6 (capital of A) : 8(capital of B) : 10 (capital of C) = Rs. x Then, A's capital = Rs. x/6 , B?s capital = x/8 and C's capital = x/10 A: B: C = x/6 : x/8 : x/10 = 1/6 : 1/8 :1/10 = 20: 15: 12

Q 4 - Partners of a firms are A, B and C. Conditions of invest ment are twice the A investment is equal to thrice the capital of B and the capital of B is four times in the comparison of C capital. What should be the share in profit of B if profit earned by Rs. 29700?

### Answer : A

### Explanation

If 2A = 3B and B = 4C and therefore, 3B = 12 C ∴ 2A =3B = 12C = x ⇒ A = x/2 , B = x/3 , C= x/12 ∴ A:B:C = x/2 : x/3 : x/12 = 1/2 : 1/3: 1/12 = 6:4:1 Hence, its proves that share of B = (297000* 4/11) = Rs. 10800.

Q 5 - In a partnership firm A and B invested. For the period of 8 month. A invested Rs 16000 and rest of the capital by B for the rest of the time. Find out the money contributed by B if he claims 2/7 part of the profit ?

### Answer : D

### Explanation

Let total profit of the firm = 1 Share of B in profit = (1-2/7 ) = 5/7 Ratio of profit = 5: 2 Contribution of B = x then (16000*8)/ 4x = 5/2 ⇒20x = 256000 ⇒ x= 12800. Hence, b contributed rs. 12800.

Q 6 - The partners of a firm are A and B . A invested 3 times in the comparison of his partner. While the period of his investment is 2 times in the comparison of B . What should be the total profit of the firm if Rs. 12000 received by B as a share in profit?

### Answer : C

### Explanation

If Rs. x for y months is investment of B . Then the investment of A is Rs. 3x for the period of 2y. ∴ A: B = (3x*2y) : (x:y) = 6xy : xy = 6: 1 Let the total profit be rs. P . Then, P* 1/7 = 12000 ⇒ p = 84000. Hence, the prove that the the profit of the firm is 84000.

Q 7 - In a business A is a active and B is non active partners. Investment of A and B are Rs. 12000 and Rs. 20000. 10% share of profit recived by A for his work and Rest of the profit divided in the ratio of their capital . What should be the share of A if total profit of the firm is 18000?

### Answer : C

### Explanation

Amount received by A for working = 10% of 18000 = 1800 Rs. Profit after A taken working amount = (18000-1800) = Rs. 16200 A and B investment ratio = 12000: 20000 = 3: 5 Share of A = (3/8* 16200) = Rs. 6075 ∴ Total amount received by A = Rs. ( 6075+ 1800) = Rs. 7875

Q 8 - Geeta and Sita are the partners in the business. Geeta invests Rs 1500 and Sita Rs 2500. Geeta is the working partner and gets 20% of the profit for her contribution in the management. Sita is a sleeping partner. If the profit is Rs 475, find the share of each.

### Answer : A

### Explanation

Payment to be made to Geeta for her contribution in the management = 20% of Rs 475 = 20/100*475 = Rs 95 Balance Profit = Rs (475 - 95) = Rs 380 Ratio of investment by Geeta and Sita = 1500 : 2500 = 3 : 5 Hence, Rs 380 is to be divided among the two in the ratio of 3 : 5. Geeta's share = 3/8 * 380 = Re 142.5 Sita's share = 5/8 * 380 = Re 237.5 Finally Geeta gets = Re (142.5 + 95) = Rs 237.5 And Sita gets = Re 237.5

Q 9 - Kabir starts a business with Re 4,50,000/- Nisha joins him after a certain period of time who invests Re 3,00,000/-. At the end of year, they divide profir in the ratio 9:4. When did Nisha join Kabir?

### Answer : D

### Explanation

Suppose Nisha is with Kabir for x months. So, 4,50,000*12/3,00,000*x = 9/4 Or, x = 8 months Hence Nisha joined Kabir after (12 - 8) months = 4 months.

Q 10 - An amount of money is to be divided among P, Q and R in the ratio of 5:11:23 respectively. If the difference between the total share of P and Q together and R's share is Re 2800, what is the difference between Q and R's share?

### Answer : C

### Explanation

According to the question, 23x - (5x + 11x) = 2800 Or, 23x - 16x = 2800 Or, 7x = 2800 Or, x = 400 Difference between share of Q and R = 23x - 11x = 12x = 12*400 = Re 4800