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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 - Partnership are done by Three persons A, B and C. The investment of Rs. 2560 and Rs. 2000 made by A and B respectively. If Total profit of the year is Rs. 1105 and A received Rs. 320 as a share in profit?

Answer : B

Explanation

Let A:B :C = 2560 : 2000 : x . Then,
Share of A = { 1105* 2560/ (4560+x)}
∴ (1105* 2560/ 4560+x ) = 320 ⇒ 4560+x = (1105* 2560/ 320) =  Rs. 8840
⇒  x = (8840 ? 4560) = 4280
Hence,  Rs. 4280 received by C as a share of profit.

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 - 7/2 :4/3: 6/5 with this ratio a business started by A,B and C . Investment increase 50% by A after the period of 4 month. What should be the share of B in profit if firm earned Rs. 43200 as a profit?

Answer : D

Explanation

Given ratio = 7/2 : 4/3 : 6/5 = 105 : 40: 36
Suppose Rs. 105x  invested by A , Rs. 40x invested by B and Rs. 36x  invested By C.
Investment ratio = (105x*4+ (150%of 105x): (40x:12): (36x*12)
=(420x+150/100*105x*8) :480x: 432x = (1680x ): (480x):(432x)
= 35: 10: 9
Share of B = Rs. (43200*10/54) = Rs. 8000.

Q 5 - With the amount of Rs. 4500 A started business but after some time B also join this business with Rs. 5400 investment and profit sharing ratio between them is 2:1 then find out the period B join the business after?

Answer : D

Explanation

If for the x months , B remains in the business.
A: B =  ( 4500*12) : (5400*x) = (54000 : 5400x) = (10:1)
∴ 10/x = 2/1 ⇒ 2x = 10 ⇒ x= 5
Thus , we can say that B remains in the business for the period of 5 months  then on the basis of that statement we can say after the period of 7month B join the business.

Q 6 - If 4:5 is the ratio of A and B capital . A and B both withdraw money 1/4 and 1/5 of his capital . after the period of 10 month gain was Rs. 15200 , what should be the share in profit of A?

Answer : B

Explanation

Rs. 4x and Rs. 5x is the capital of A and B  respectively.
Capital  withdrawn  by A = 1/4 of Rs. 4x = x
Capital withdrawn by B = 1/5 of Rs. 5x= x
A: B =  (4x*3+ 3x*7): (5x*3+4x*7)  = 33x: 43x = 33: 43
Share of A = (15200* 33/76) = Rs. 6600

Q 7 - The ratio of investment in a firm by A and B is 3:2 . if A received Rs. 8550 share as a profit after doing charity5% out of the total profit. What should be the total profit?

Answer : B

Explanation

If X is the total profit of a firm at the end of the year .
Amount of charity which is paid = 5% of rs. x = (5/100*x) = x/20  , balance =(x-x/20) = rs. 19x/20
Share of A = rs. (19x/20* 3/5) = Rs. 57x/100
∴ 57x/100= 8550 ⇒  x = (8550*100)/57 = 15000.
Hence, the total profit of the firm = Rs. 15000.

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 - Arijit invests one half of the capital for 3/4th of the time. Bindu invests one-third of the capital for 1/2 of the time and Charu invests the remaining capital for the whole time. If the profit earned is Rs 510, find the share of each.

Answer : B

Explanation

Charu's share of investment = 1 - (1/2  + 1/3) = 1/6
Arijit : Bindu : Charu = (1/2 * 3/4) : (1/3 * 1/2) : (1/6 * 1)
= 3/8 : 1/6 : 1/6
 = 9/24 : 4/24 : 4:24
= 9 : 4 : 4
Sum of ratios = 9 + 4 + 4 = 17
Profit share of Arijit = 9/17 * 510 = Re 270
Profit share of Bindu = 4/17 * 510 = Re 120
Profit share of Charu = 4/17 * 510 = Re 120

Q 10 - Hariprasad and Madhusudan started a business investing amounts in the ratio of 2:3 respectively. If Hariprasad had invested an additional amount of Re 10000, the ratio of investment would have been 3:2. What was the amount invested by Hariprasad?

Answer : C

Explanation

Let the initial investment be of Hariprasad and Madhusudan be 2x and 3x respectively.
As per question,
2x + 10000     = 3/2
3x
Or, 4x + 20000 = 9x
Or, 5x = 20000
Or, x = 4000
Hariprasad?s initial investment = 2x = 2*4000 = Re 8000

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