Partnership - Online Quiz


Advertisements


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 - 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?

A - Rs. 9423

B - Rs. 10250

C - Rs. 12500

D - Rs. 10000

Answer : D

Explanation

Ajay : Vijay = (25000*12: 30000*9) = 300000: 270000 = 10: 9
Share of Ajay = Rs. (19000* 10/19) = Rs. 10000

Q 2 - The investment ratio between A and C is 2:1 but between A and B the investment ratio is 3:2. A firm earned Rs. 157300 as a profit and find out the share of B in profit?

A - Rs. 20000

B - Rs. 25000

C - Rs. 48400

D - Rs. 13250

Answer : C

Explanation

Let the ratio of profit sharing  between A: B: C is 6x : 4x :3x  respectively.
= 6:4:3
Share of B in profit = Rs. (157300* 4/13) = 48400 Rs.

Q 3 - 1/6 part of capital invested by A for the period of 1/6 times, 1/3 part invested by B for the 1/3 times and rest of the capital invested by C for the rest of the time. What should be the share of B if Rs. 23000 is the profit?

A - Rs. 4000

B - Rs. 5000

C - Rs. 3250

D - Rs. 4800

Answer : A

Explanation

Here x denote capital  and y denote   total time. Then,
Rs. x/6 for y/6 months for the investment of A  and Rs. x/3 for y/3 months  for the investment of B.
Investment of C = [ x-(x/6+ x/3)] = Rs. x/2 for y months.
Then , A: B: C = ( x/6 * y/6) : (x/3* y/3) : (x/2: y) = xy/36 : xy/9 : xy/2 =  1:4: 18
Share of  B in profit =  Rs. (23000* 4/ 23) = Rs. 4000.

Q 4 - 12:11 was the investment ratio of A and B who started a business and the ratio of profit were 4:1 . The period ofA investment was 11 month and what was the period of B investment?

A - 3 month

B - 5 month

C - 2 month

D - 7 month

Answer : A

Explanation

Rs. 12x and Rs. 11 x is the investment in a business. If for the y month money  invested by B .then,
A: B  = (12x*11) : (11x*y) = (132x : 11xy) = (12: y)
∴ 12/y = 4/1 = 4y = 12 ⇒ y = 3
So, we can say B invested his share for the period of 3 months in the business.

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 and B are the partners and 1/4 of total capital invested by A for the period of 15 months and 2/3 part of the profit received by B as a share . find out the time period of invested capital of B?

A - 6 month

B - 9 month

C - 10 months

D - 1 year

Answer : C

Explanation

Let x Rs is the capital of the business and  money invested by B used for y month.
Capital of A =  Rs.x/4 , B ?s capital  = Rs. ( x- x/4) =3x/4
A and B investment  ratio =  (x/4 *15) : (3x/4 * Y)  = 15/4 : 3y/4 = 5: y.
Profit ratio of A and B = 1/3 : 2/3 = 1:2
∴  5/y = 1/2 = y = 10 months.

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 - 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.

A - 250, 140, 120

B - 270, 120, 120

C - 250, 120, 140

D - None of these

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 - The ratio of investments of two partners is 11:12 and the ratio of their profits is 2:3. If A invested the money for 8 months, find for how much time B invested his money?

A - 10 months

B - 11 months

C - 9 months

D - 8 months

Answer : B

Explanation

Suppose A invested Re 11 for 8 months and B invested Re 12 for x months.
Then,
(11*8)/(12*x) =  2/3
Or, 88/12x = 2/3
Or, 24x = 264
Or, x = 11

Hence, B invested for 11 months.


aptitude_partnership.htm

Advertisements
E-Books Store