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 - 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?

A - Rs. 5000

B - Rs. 4280

C - Rs. 6000

D - Rs. 12000

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 - 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 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 - 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.

A - 215, 450, 555

B - 215, 500, 455

C - 215, 505, 450

D - 216, 504, 450

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 - 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 - 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.


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