# 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 - The investment ratio between A and C is 2:1 but between A and B the investment ratio is 3:2. A firm earned Rs. 157300 as a profit and find out the share of B in profit?

### Answer : C

### Explanation

Let the ratio of profit sharing between A: B: C is 6x : 4x :3x respectively. = 6:4:3 Share of B in profit = Rs. (157300* 4/13) = 48400 Rs.

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 the ratio of 5:7:6 money was invested by three partners A ,B and C . 26% , 20% and 15% investment increased by them respectively in the next year. What should be the ratio of profit in the second year?

### Answer : A

### Explanation

If rs. 5x,7x and 6x is the investment in the first year by A: B:C . then the investment in the second year by A ,B and C = (126% of 5x ), (120% of 7x) and (115% of 6x) (126/100*5x) : (120/100*7x) : (115/100*6x) = 630 : 840: 690 = 21: 28: 23

Q 8 - Geeta and Sita are the partners in the business. Geeta invests Rs 1500 and Sita Rs 2500. Geeta is the working partner and gets 20% of the profit for her contribution in the management. Sita is a sleeping partner. If the profit is Rs 475, find the share of each.

### Answer : A

### Explanation

Payment to be made to Geeta for her contribution in the management = 20% of Rs 475 = 20/100*475 = Rs 95 Balance Profit = Rs (475 - 95) = Rs 380 Ratio of investment by Geeta and Sita = 1500 : 2500 = 3 : 5 Hence, Rs 380 is to be divided among the two in the ratio of 3 : 5. Geeta's share = 3/8 * 380 = Re 142.5 Sita's share = 5/8 * 380 = Re 237.5 Finally Geeta gets = Re (142.5 + 95) = Rs 237.5 And Sita gets = Re 237.5

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