Partnership - Online Quiz


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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.

Questions and Answers

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?

A - Rs. 14700

B - Rs. 5000

C - Rs. 11000

D - Rs. 12000

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?

A - Rs. 8625

B - Rs. 9000

C - Rs. 10800

D - Rs. 11250

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 ?

A - 1:7:8

B - 2: 5:3

C - 1: 2: 3

D - 20: 15: 12

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?

A - Rs. 10800

B - Rs. 20000

C - Rs. 5000

D - Rs. 3000

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 ?

A - Rs. 1190

B - Rs. 10500

C - Rs. 13600

D - Rs. 12800

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?

A - Rs. 72000

B - Rs. 48000

C - Rs. 84000

D - Rs. 60000

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?

A - Rs. 6480

B - Rs. 8400

C - Rs. 7875

D - Rs. 8325

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.

A - 237.5, 237.5

B - 238, 237

C - 235, 240

D - 230, 245

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?

A - After 3 months

B - After 5 months

C - After 6 months

D - After 4 months

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?

A - Re 6400

B - Re 3600

C - Re 4800

D - Re 3200

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

aptitude_partnership.htm
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