# 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 - Ramesh , suresh and kumar are partnersin a business. They invested their capital in the ratio of 3:4:7. An amount of Rs. 21000 earned by them at the end of the year, How much share kumar earned in this profit?

### Answer : B

### Explanation

Ramesh : suresh : kumar = 3:4:7 Share of Kumar = Rs. (21000* 7/14) = Rs. 10500

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 - What should be the ratio of the capital invested by A, B and C if given condition is that half of B capital should be equal to A?s capital and C capital should be 1/3 of B?s capital .

### Answer : B

### Explanation

If 6x is the capital of A , then B and C capital will be 3x and x . Then the capital invested ratio between A: B:C is 6:3:1

Q 4 - The condition of investment in a firm are A invest3 times in the comparison of B and B invest 2/3 of C investment. Find out the capital ratio between three partner?

### Answer : D

### Explanation

Suppose Rs. x invested by C . Then , 2x/3 invest by B and Rs. 2x invested by A. A: B: C = 2x: 2x/3 : x = 6x: 2x : 3x = 6: 2: 3.

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 - An amount of Rs. 27000, 81000 and 72000 invested by A, B and C. Rs. 36000 was the share in profit of B , then find out the total profit of the firm at the end of the year?

### Answer : C

### Explanation

A:B:C = 27000 : 81000: 72000 = 3: 9: 8 If x is the total profit of the year . Then , the share of B in profit = Rs. (x* 9/20) ∴ 9x/20 = 36000 ⇒ x = 36000*20/ 9 = 80000. Hence, Rs. 80000 earned by B as a profit.

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 - In a partnership business, Mr X invests Rs 2400 for 4 years, Mr Y invests Rs 2800 for 8 years and Mr Z invests Rs 2000 for 10 years. They earn Rs 1170. Find the share of profit for each partners.

### Answer : D

### Explanation

Rs 2400 investment in 4 years earns as much as Rs 2400*4 = Rs 9600 in 1 year Similary, Rs 2800*8 = Rs 22400 in 1 year And Rs 2000*10 = Rs 20000 in 1 year. Ratio for profit to be shared = 9600 : 22400 : 20000 = 12 : 28 : 25 Sum of ratios = 12 + 28 + 25 = 65 Hence, X's share = 12/65 * 1170 = Rs 216 Y's share = 28/65 * 1170 = Rs 504 Z's share = 25/65 * 1170 = Rs 450

Q 9 - Vinay and Harish start a business with contributions of Re 15000 and Re 20000 respectively. After 4 months Rajesh also joins them with contribution of Re 22500. After 9 months Harish withdraws his contribution. At the end of the year there is a profit of Re 9000. Find the share of each in the profit.

### Answer : A

### Explanation

The ratio of equivalent capital is = Vinay : Harish : Rajesh = (15000*12) : (20000*9) : (22500*8) = 1,80,000 : 1,80,000 : 1,80,000 = 1 : 1 : 1 Share of each in the profit = Rs 9000/3 = Rs 3000 each.

Q 10 - Amit and Binod enter into partnership business with Re 5000 and Re 4000 respectively. After 1/4th of the time Amit contributes additional Re 2000. One month after the start of the business, Binod withdraws 1/4th his capital. Jagan then joins the business with a capital investment of Re 7000. The profit at the year-end is Re 2304. Find the share of profit for each investors.

### Answer : A

### Explanation

Bringing down the investment to 1 month, Amit's investment = (5000*12) + (2000*9) = Re 78000 Binod's investment = (4000*1) + (3000*11) = Re 37000 Jagan's investment = (7000*11) = Re 77000 Amit : Binod : Jagan = 78 : 37 : 77 Sum of ratios = 78+37+77 = 192 Amit's share = 78/192 * 2304 = Re 936 Binod's share = 37/192 * 2304 = Re 444 Jagan's share = 77/192 * 2304 = Re 924