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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 - If the the total investment of a business is an amount of rs. 5000. Ajay invested 4000 Rs. more in the comparision of Bijender and Bijender invested 5000 more in the comparision of Chman . At the end of the year, Rs. 35000 earned in the form of profit then what should be the share of Ajay?

Answer : A

Explanation

If we can assume that the C , B and A  have the investment of Rs. x ,
(x+5000) and Rs. (x+9000)  respectively. Then,
X+(x+5000)+(x+9000)  =50000 ⇒ 3x = 36000 ⇒ x =12000.
C =Rs. 12000 , B = Rs. 17000 and C = Rs. 21000
A : B : C = 21000 : 17000: 12000 =  21: 17: 12
Share of A = Rs. (35000* 21/50) = Rs. 14700

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?

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 - What should be the ratio of the capital invested by A, B and C if given condition is that half of B capital should be equal to A?s capital and C capital should be 1/3 of B?s capital .

Answer : B

Explanation

If  6x is the capital of A , then B  and C capital will be 3x and x  . Then the capital invested  ratio between A: B:C  is  6:3:1

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 - 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 ?

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 - If 4:5 is the ratio of A and B capital . A and B both withdraw money 1/4 and 1/5 of his capital . after the period of 10 month gain was Rs. 15200 , what should be the share in profit of A?

Answer : B

Explanation

Rs. 4x and Rs. 5x is the capital of A and B  respectively.
Capital  withdrawn  by A = 1/4 of Rs. 4x = x
Capital withdrawn by B = 1/5 of Rs. 5x= x
A: B =  (4x*3+ 3x*7): (5x*3+4x*7)  = 33x: 43x = 33: 43
Share of A = (15200* 33/76) = Rs. 6600

Q 7 - In a business A is a active and B is non active partners. Investment of A and B are Rs. 12000 and Rs. 20000. 10% share of profit recived by A for his work and Rest of the profit divided in the ratio of their capital . What should be the share of A if total profit of the firm is 18000?

Answer : C

Explanation

Amount received by A for working = 10% of 18000 = 1800 Rs.
Profit after  A  taken working amount = (18000-1800) = Rs. 16200
A  and B  investment ratio = 12000: 20000 = 3: 5
Share of A = (3/8* 16200) = Rs. 6075
∴ Total amount received by A =  Rs. ( 6075+ 1800) = Rs. 7875

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 - Vinay and Harish start a business with contributions of Re 15000 and Re 20000 respectively. After 4 months Rajesh also joins them with contribution of Re 22500. After 9 months Harish withdraws his contribution. At the end of the year there is a profit of Re 9000. Find the share of each in the profit.

Answer : A

Explanation

The ratio of equivalent capital is = Vinay : Harish : Rajesh
= (15000*12) : (20000*9) : (22500*8)
= 1,80,000 : 1,80,000 : 1,80,000
= 1 : 1 : 1
Share of each in the profit = Rs 9000/3 = Rs 3000 each.

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

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