# 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 - 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?

### 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?

### 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?

### 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 ?

### 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?

### 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 - 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 - 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 - 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?

### 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