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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 - With an amount of Rs. 25000 started business by ajay. After 3 month, vijay joined the business by investing amount of Rs. 30000. If profit of the firm is 19000 at the end of the year then what should be the share of Ajay in profit?
Answer : D
Explanation
Ajay : Vijay = (25000*12: 30000*9) = 300000: 270000 = 10: 9 Share of Ajay = Rs. (19000* 10/19) = Rs. 10000
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 - A pasture taken by four milkmen on rented. A used this 4 month with 18 cows, B 25 cows for two months and C 28 cows for 5month and D 21 cows for 3 month. If 360 Rs. rent paid by A then what should be the total profit ?
Answer : C
Explanation
Rents in the ratio = (18*4) : (25*2): (28* 5) : (21*3) = 72 : 50: 140: 63 Suppose total rent of the pasture is x Rs. Then Share of A = (72/325*x) ∴ 72x/325 *360 = x= 1625 ∴ total rent of the pasture is Rs. 1625 .
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 the ratio of 5:7:6 money was invested by three partners A ,B and C . 26% , 20% and 15% investment increased by them respectively in the next year. What should be the ratio of profit in the second year?
Answer : A
Explanation
If rs. 5x,7x and 6x is the investment in the first year by A: B:C . then the investment in the second year by A ,B and C = (126% of 5x ), (120% of 7x) and (115% of 6x) (126/100*5x) : (120/100*7x) : (115/100*6x) = 630 : 840: 690 = 21: 28: 23
Q 8 - Mr X, Mr Y and Mr Z invest Rs 1500, Rs 2000 and Rs 2500 respectively in a business. The profit earned is Rs 1200. Find the share of each in the profit.
Answer : A
Explanation
Ratio of investments = X : Y : Z = 1500 : 2000: 2500 = 3 : 4 : 5 Sum of the ratios = 3 + 4 + 5 = 12 Share in the profit: For Mr X = (3/12)*1200 = Rs 300 For Mr Y = (4/12)*1200 = Rs 400 For Mr Z = (5/12)*1200 = Rs 500
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 - 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