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 - 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 - There are three partners in a firm and condition of investment by them is that at the beginning time investment done by A and after the period of 6 month B invested double than A and C invested 8month later but 3 times in the comparision of A. If annual profit Rs. 27000 is announced then what will be the share of profit in the favour of C?

A - Rs. 8625

B - Rs. 9000

C - Rs. 10800

D - Rs. 11250

Answer : B

Explanation

If x , 2x, 3x amount invested by A, B and C respectively.
A: B: C = (x*12): (2x*6): (3x:4) = 12x:12x: 12x = 1:1:1
Share of C in profit = Rs. (27000* 1/3) = Rs. 9000.

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 - 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 pasture taken by four milkmen on rented. A used this 4 month with 18 cows, B 25 cows for two months and C 28 cows for 5month and D 21 cows for 3 month. If 360 Rs. rent paid by A then what should be the total profit ?

A - Rs. 1500

B - Rs. 1600

C - Rs. 1625

D - Rs. 1650

Answer : C

Explanation

Rents in the ratio = (18*4) : (25*2): (28* 5) : (21*3) = 72 : 50: 140: 63
Suppose total rent of the pasture is x Rs.
Then Share of A = (72/325*x)   ∴ 72x/325 *360 =  x= 1625
 ∴ total rent of the pasture  is Rs. 1625 .

Q 6 - What should be the ratio of profit between A, B and C after the period of 3 years. If A invest 25 lakhs at starting of the business and Rs. 10 lakhs also add after one year and B invest 35 lakhs in the starting and Rs. 10 lakhs withdraw after 2 year and C invested 30 lakhs only from starting.

A - 10:10:9

B - 20:19:18

C - 20:20:19

D - none of these

Answer : D

Explanation

Investment of A = Rs. (25*1+ 35*2) = Rs. 95
Investment of B = Rs. (35*2+25*1) = Rs. 95
Investment of C = Rs.  (30*3) = Rs. 90
∴  A:B:C = 95:95: 90 = 19: 19: 18

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 - 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.

A - 300, 400, 500

B - 250, 450, 500

C - 200, 300, 700

D - 600, 300, 300

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 - 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 - 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?

A - Re 18000

B - Re 12000

C - Re 8000

D - None of these

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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