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# 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 - 6 (capital of A) : 8(capital of B) : 10 (capital of C) these condition of investment are in a firm who made by three partners A: B;C . What should be the ratio of capital of A, B and C ?

### Answer : D

### Explanation

Let 6 (capital of A) : 8(capital of B) : 10 (capital of C) = Rs. x Then, A's capital = Rs. x/6 , B?s capital = x/8 and C's capital = x/10 A: B: C = x/6 : x/8 : x/10 = 1/6 : 1/8 :1/10 = 20: 15: 12

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?

### 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 ?

### 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 - The partners of a firm are A and B . A invested 3 times in the comparison of his partner. While the period of his investment is 2 times in the comparison of B . What should be the total profit of the firm if Rs. 12000 received by B as a share in profit?

### Answer : C

### Explanation

If Rs. x for y months is investment of B . Then the investment of A is Rs. 3x for the period of 2y. ∴ A: B = (3x*2y) : (x:y) = 6xy : xy = 6: 1 Let the total profit be rs. P . Then, P* 1/7 = 12000 ⇒ p = 84000. Hence, the prove that the the profit of the firm is 84000.

Q 7 - In a business A is a active and B is non active partners. Investment of A and B are Rs. 12000 and Rs. 20000. 10% share of profit recived by A for his work and Rest of the profit divided in the ratio of their capital . What should be the share of A if total profit of the firm is 18000?

### Answer : C

### Explanation

Amount received by A for working = 10% of 18000 = 1800 Rs. Profit after A taken working amount = (18000-1800) = Rs. 16200 A and B investment ratio = 12000: 20000 = 3: 5 Share of A = (3/8* 16200) = Rs. 6075 ∴ Total amount received by A = Rs. ( 6075+ 1800) = Rs. 7875

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.

### 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 - 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