# 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 the the total investment of a business is an amount of rs. 5000. Ajay invested 4000 Rs. more in the comparision of Bijender and Bijender invested 5000 more in the comparision of Chman . At the end of the year, Rs. 35000 earned in the form of profit then what should be the share of Ajay?

### Answer : A

### Explanation

If we can assume that the C , B and A have the investment of Rs. x , (x+5000) and Rs. (x+9000) respectively. Then, X+(x+5000)+(x+9000) =50000 ⇒ 3x = 36000 ⇒ x =12000. C =Rs. 12000 , B = Rs. 17000 and C = Rs. 21000 A : B : C = 21000 : 17000: 12000 = 21: 17: 12 Share of A = Rs. (35000* 21/50) = Rs. 14700

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 - What should be the ratio of the capital invested by A, B and C if given condition is that half of B capital should be equal to A?s capital and C capital should be 1/3 of B?s capital .

### Answer : B

### Explanation

If 6x is the capital of A , then B and C capital will be 3x and x . Then the capital invested ratio between A: B:C is 6:3:1

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 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 - 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 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 - Anil, Babloo and Chintu enter into a business with capital investment of Re 25000, Re 30000 and Re 15000 respectively. A is the working partner and he gets 30% of the profit for managing the business. The balance profit is distributed in proportion to their capital investments. At the year-end Anil gets Re 200 more than Babloo and Chintu together. Find the total profit and the share of each.

### Answer : A

### Explanation

Let the total profit be Re 100. Anil's share for managing the business = 30% of profit = Re 30 Balance profit = (100 - 30) = Re 70 Ratio of capital investment = 25000 : 30000 : 15000 = 5 : 6 : 3 Anil's share of profit = 5/14 * 70 = Re 25 Babloo's share of profit = 6/14 * 70 = Re 30 Chintu's share of profit = 3/14 * 70 = Re 15 Anil's total share = Re (30 + 25) = Re 55 Anil's share of profit - (Babloo's share of profit + Chintu's share of profit) = Re 55 - (Re 30 + Re 15) = Re 55 - Re 45 = Re 10 When the difference is 10, total profit = Re 100 When the difference is 200, total profit = Re 2000 Now, 30% of Re 2000 = 30/100 * 2000 = Re 600 Balance profit = 2000 - 600 = Re 1400 Re 1400/5+6+3 = Re 100 Anil's actual share = Re 600 + Re (5*100) = Re 1100 Babloo's actual share = Re 100 * 6 = Re 600 Chintu's actual share = Re 100 * 3 = Re 300

Q 10 - Amit and Binod enter into partnership business with Re 5000 and Re 4000 respectively. After 1/4th of the time Amit contributes additional Re 2000. One month after the start of the business, Binod withdraws 1/4th his capital. Jagan then joins the business with a capital investment of Re 7000. The profit at the year-end is Re 2304. Find the share of profit for each investors.

### Answer : A

### Explanation

Bringing down the investment to 1 month, Amit's investment = (5000*12) + (2000*9) = Re 78000 Binod's investment = (4000*1) + (3000*11) = Re 37000 Jagan's investment = (7000*11) = Re 77000 Amit : Binod : Jagan = 78 : 37 : 77 Sum of ratios = 78+37+77 = 192 Amit's share = 78/192 * 2304 = Re 936 Binod's share = 37/192 * 2304 = Re 444 Jagan's share = 77/192 * 2304 = Re 924