- Aptitude - Home
- Aptitude - Overview
- Quantitative Aptitude
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 a business started by three partners A, B and C with the investment of Rs. 26000 , 34000 and 10000 respectively.An amount of Rs. 3500 earned by them at the end of the year, find out the B share in profit?
Answer : C
Explanation
A: B: C = 26000: 34000: 10000 = 13: 17: 5 Share of B = Rs. (3500* 17/35) = Rs. 1700
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?
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?
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 - 12:11 was the investment ratio of A and B who started a business and the ratio of profit were 4:1 . The period ofA investment was 11 month and what was the period of B investment?
Answer : A
Explanation
Rs. 12x and Rs. 11 x is the investment in a business. If for the y month money invested by B .then, A: B = (12x*11) : (11x*y) = (132x : 11xy) = (12: y) ∴ 12/y = 4/1 = 4y = 12 ⇒ y = 3 So, we can say B invested his share for the period of 3 months in the business.
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 ?
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 - 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 - 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?
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 - 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 - 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.
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 - Ram, Mohan and Pawan together hold a pasture for which they pay a rent at the rate of Re 160 per month. They rear 70, 50 and 40 cows respectively on it. Ram sells 2/7th of his stock to Mohan after 4 months and further 3 months later Pawan sells 2/5th of his stock to Ram. How much of rent should each pay at the end of the year?
Answer : D
Explanation
Total rent to be paid for 1 year = 160 * 12 = Re 1920 Computing in terms of 1 month, Ram's share = (70*4) + (70 - 2/7 * 70) * 3 + (70 - 2/7 * 70 + 2/5 * 40) * 5 = (70*4) + (50*3) + (66*5) = 280 + 150 + 330 = 760 Mohan's share = (50*4) + (50 + 2/7*70)*8 = 200 + 560 = 760 Pawan's share = (40*7) + (40 - 2/5 * 40) * 5 = 280 + 120 =400 So, Ram : Mohan : Pawan = 760 : 760 : 400 = 19 : 19 : 10 Sum of ratios = 19 + 19 + 10 = 48 Rent to paid by Ram and Mohan each = 19/48 * 1920 = Re 760 each Rent to be paid by Pawan = 19/48 * 1920 = Re 400