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 - If a business started by three partners A, B and C with the investment of Rs. 26000 , 34000 and 10000 respectively.An amount of Rs. 3500 earned by them at the end of the year, find out the B share in profit?

A - Rs. 1200

B - Rs. 1500

C - Rs.1700

D - Rs. 1900

Answer : C

Explanation

A: B: C = 26000: 34000: 10000 = 13: 17: 5
Share of B = Rs.  (3500* 17/35) = Rs. 1700

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 - 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?

A - Rs. 10800

B - Rs. 20000

C - Rs. 5000

D - Rs. 3000

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 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 - 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 - 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?

A - Rs. 15760

B - Rs. 15000

C - Rs. 8600

D - Rs. 2000

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.

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 - Ram starts a business with Re 2 lakhs. Four months later Shyam joins him with rs 4 lakhs. Hari joins them for last three months with a capital of Re 6 lakhs. The profit at the year end is Re 7400. Find the share of each in the profit.

A - 2000, 3000, 2400

B - 2200, 3400, 1800

C - 2400, 3200, 1800

D - 3000, 3400, 2000

Answer : C

Explanation

Ram's contribution is for 12 months.
Shyam's contribution is for 8 months.
Hari's contribution is for 3 months.

Ram's contribution of Re 2 lakhs for 12 months is equivalent to Re (2*12) = Re 24 lakhs in 1 month
Shyam's contribution is equivalent to Re (4*8) = Re 32 lakhs in 1 month
Hari's contribution is equivalent to Re (6*3) = Re 18 lakhs in 1 month

Share in the profit should be in the ratio = 24 : 32 : 18
= 12 : 16 : 9
Sum of ratios = 12 +16 + 9 = 37
Ram's share = 12/37 * 7400 = Re 2400
Shyam's share = 16/37 * 7400 = Re 200
Hari's share = 9/37 * 7400 = Re 1800

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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