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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 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 - 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 - 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 - 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 - 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 - Mr X, Mr Y and Mr Z invest Rs 1500, Rs 2000 and Rs 2500 respectively in a business. The profit earned is Rs 1200. Find the share of each in the profit.
Answer : A
Explanation
Ratio of investments = X : Y : Z = 1500 : 2000: 2500 = 3 : 4 : 5 Sum of the ratios = 3 + 4 + 5 = 12 Share in the profit: For Mr X = (3/12)*1200 = Rs 300 For Mr Y = (4/12)*1200 = Rs 400 For Mr Z = (5/12)*1200 = Rs 500
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 - An amount of money is to be divided among P, Q and R in the ratio of 5:11:23 respectively. If the difference between the total share of P and Q together and R's share is Re 2800, what is the difference between Q and R's share?
Answer : C
Explanation
According to the question, 23x - (5x + 11x) = 2800 Or, 23x - 16x = 2800 Or, 7x = 2800 Or, x = 400 Difference between share of Q and R = 23x - 11x = 12x = 12*400 = Re 4800