# 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 - 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?

### Answer : B

### Explanation

Ramesh : suresh : kumar = 3:4:7 Share of Kumar = Rs. (21000* 7/14) = Rs. 10500

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 - 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?

### 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 - 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?

### 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 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?

### 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 - 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?

### 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?

### 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 - 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.

### 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 - 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?

### 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?

### 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.