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 - 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?

A - Rs. 12500

B - Rs. 10500

C - Rs. 15000

D - Rs. 10000

Answer : B

Explanation

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

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 - The proportion of partners capital in a business are 1/3 of A , 1/4 of B and 1/5 of C. After the period of 4 month 1/2 part of his investment withdraw by A .if the total profit of Rs. 8470 earned by the firm then what should be the share of A?

A - Rs. 2520

B - Rs. 2800

C - Rs. 3150

D - Rs. 4120

Answer : B

Explanation

In the starting time ratio of capitals = 1/3 : 1/4 : 1/5 = 20: 15: 12
Suppose A, B and C invest  Rs. 20x , Rs. 15x and 12x  respectively.
A: B:C = (20*4+ 10x*8) : (15*12) : (12x * 12)  = 160x : 180x : 144x = 40: 45: 36
Share of A  = Rs. ( 8470* 40/121) = Rs. 2800

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?

A - Rs.4200

B - Rs.4800

C - Rs.7200

D - Rs. 8000

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 - A VcR at a rent of Rs. 350 taken by Three partner A,B and C. They use it for 6 hours , 10 hours and 12 hours respectively. What should be the share of C in rent?

A - Rs. 150

B - Rs. 75

C - Rs. 125

D - Rs. 135

Answer : A

Explanation

Rent paid by them in the ratio = 6 : 10: 12 = 3: 5:6
Rent paid by C = (6/14* 350) = 150 Rs.

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?

A - Rs. 108000

B - Rs. 116000

C - Rs. 80000

D - Rs. 92000

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 - 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?

A - 21:28:23

B - 26:20:15

C - 31:27:21

D - none of these

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 - 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 - Anil, Babloo and Chintu enter into a business with capital investment of Re 25000, Re 30000 and Re 15000 respectively. A is the working partner and he gets 30% of the profit for managing the business. The balance profit is distributed in proportion to their capital investments. At the year-end Anil gets Re 200 more than Babloo and Chintu together. Find the total profit and the share of each.

A - 2000, 1100, 600, 300

B - 3000, 2100, 600, 300

C - 2500, 1500, 400, 600

D - 2000, 600, 500, 900

Answer : A

Explanation

Let the total profit be Re 100.
Anil's share for managing the business = 30% of profit = Re 30
Balance profit = (100 - 30) = Re 70

Ratio of capital investment = 25000 : 30000 : 15000
= 5 : 6 : 3
Anil's share of profit = 5/14 * 70 = Re 25
Babloo's share of profit = 6/14 * 70 = Re 30
Chintu's share of profit = 3/14 * 70 = Re 15
Anil's total share = Re (30 + 25) = Re 55

Anil's share of profit - (Babloo's share of profit + Chintu's share of profit)
= Re 55 - (Re 30 + Re 15)
= Re 55 - Re 45
= Re 10
When the difference is 10, total profit = Re 100
When the difference is 200, total profit = Re 2000

Now, 30% of Re 2000 = 30/100 * 2000 = Re 600
Balance profit = 2000 - 600 = Re 1400

Re 1400/5+6+3 = Re 100
Anil's actual share = Re 600 + Re (5*100) = Re 1100
Babloo's actual share = Re 100 * 6 = Re 600
Chintu's actual share = Re 100 * 3 = Re 300

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.

A - 936, 444, 924

B - 935, 445, 924

C - 930, 450, 924

D - 936, 440, 928

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


aptitude_partnership.htm

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