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 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?

A - Rs. 14700

B - Rs. 5000

C - Rs. 11000

D - Rs. 12000

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 - 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 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 - 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 - 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 - 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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