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 - Ajay , Bijender and chaman started a business and invested Rs. 20000 each partner .After the period of 4 month, some changes are made in investment just like Ajay withdraw Rs. 5000, Bijender and chaman both add 6000 each in the invested capital. An amount of Rs. 69900 recorded as a profit in the firm. What should be the share of Bijender in profit?

A - Rs. 56000

B - Rs. 21200

C - Rs. 9000

D - Rs. 20000

Answer : B

Explanation

Ajay : Bijender: chaman = (20000*5+15000*7) : (20000*5+ 16000*7) :(20000*5+26000*7)
= 205000: 212000 : 262000 =  205 : 212: 282
Share of B  in profit =  Rs. (69900* 212/699) = Rs. 21200

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 - The condition of investment in a firm are A invest3 times in the comparison of B and B invest 2/3 of C investment. Find out the capital ratio between three partner?

A - 3:9:2

B - 6:10:15

C - 5:3:2

D - 6:2:3

Answer : D

Explanation

Suppose Rs. x invested by C . Then , 2x/3 invest by B and Rs. 2x invested by A.
A: B: C = 2x: 2x/3 : x = 6x:  2x : 3x = 6: 2: 3.

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 ?

A - Rs. 1190

B - Rs. 10500

C - Rs. 13600

D - Rs. 12800

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 - 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 - Ram, Mohan and Pawan invest Rs 1000, Rs 4000 and Rs 5000 respectively in a business. At the end of the year the balance sheet shows a loss of 20% of the total initial investment. Find the share of loss of each partner.

A - 100, 400, 1500

B - 200, 600, 1200

C - 200, 800, 1000

D - 600, 500, 900

Answer : C

Explanation

Total initial investment = Rs (1000 + 4000 + 5000)
= Rs 10000

Total loss = 20% of total investment
=  20/100 * 10000
=  Rs 2000
Ratio of investment by all partners = 1000 : 4000 : 5000
= 1 : 4 : 5
Sum of the ratios = 1 + 4 +5 = 10

Share of loss for Ram = 1/10 * 2000 = Rs 200
Share of loss for Mohan = 4/10 * 2000 = Rs 800
Share of loss for Pawan = 5/10 * 2000 = Rs 1000

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 - 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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