Partnership Practice Question and Answer

Q:

Sheela’s salary is 60% of Reeta’s salary and 80% of Anshu’s salary. If Reeta’s salary is Rs. 16000, what is the difference between the salary of Sheela and Anshu?

1495 0

  • 1
    Rs. 2000
    Correct
    Wrong
  • 2
    Rs. 2600
    Correct
    Wrong
  • 3
    Rs. 2400
    Correct
    Wrong
  • 4
    Rs. 2800
    Correct
    Wrong
  • 5
    Rs. 2000
    Correct
    Wrong
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Answer : 3. "Rs. 2400 "

Q:

A, B and C invest to start a restaurant. The total investment was Rs 3 lakhs. B invested Rs 50,000 more than A and C invested Rs 25,000 less than B. If the profit at the end of the year was Rs 14,400 then what is C's share of the profit (in Rs)?

1490 0

  • 1
    3600
    Correct
    Wrong
  • 2
    7200
    Correct
    Wrong
  • 3
    6000
    Correct
    Wrong
  • 4
    4800
    Correct
    Wrong
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Answer : 4. "4800"

Q:

Gagan started a business and Michael joined him after 2 months. Gagan spent Rs.15000 while Michael spent Rs.27,000. Their one year profit came out to Rs.5000. How much profit will Gagan get?

1471 0

  • 1
    3000
    Correct
    Wrong
  • 2
    2000
    Correct
    Wrong
  • 3
    1500
    Correct
    Wrong
  • 4
    2750
    Correct
    Wrong
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Answer : 2. "2000"

Q:

Amount invested by C is Rs 4000 more than that of A and after 9 months, A and C both withdrew their whole amount and B joined the business with Rs. 24,000. If at the end of year, ratio of profit share of A to that of C is 2: 3 then, find profit share by B out of total profit of Rs 14000? 

1434 0

  • 1
    Rs. 3600
    Correct
    Wrong
  • 2
    Rs. 4000
    Correct
    Wrong
  • 3
    Rs. 4400
    Correct
    Wrong
  • 4
    Rs. 3200
    Correct
    Wrong
  • 5
    Rs. 4200
    Correct
    Wrong
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Answer : 2. "Rs. 4000 "

Q:

By mistake instead of dividing Rs.117 among A,B and C in the ration $${1\over2}:{1\over3}:{1\over4} $$. it was divided in the ratio of 2:3:4. Who gains the most and by how much?

1427 0

  • 1
    A, 28
    Correct
    Wrong
  • 2
    B, 3
    Correct
    Wrong
  • 3
    C, 20
    Correct
    Wrong
  • 4
    C, 25
    Correct
    Wrong
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Answer : 4. "C, 25"

Q:

A and B entered into a partnership by investing Rs. 8000 and Rs. 6000 respectively. After 8 months, A withdrew half his investment while B invested 1.5 times more of his investment more and C joined the partnership with Rs. 12000. Find the profit share of C after 1 year if A got Rs. 8000 as profit.

1375 0

  • 1
    Rs. 5400
    Correct
    Wrong
  • 2
    Rs. 4500
    Correct
    Wrong
  • 3
    Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 4800
    Correct
    Wrong
  • 5
    Rs. 6000
    Correct
    Wrong
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Answer : 4. "Rs. 4800"

Q:

Mohan invested Rs. 100,000 in a garment business. After few months, Sohan joined him with Rs. 40000. At the end of the year, the total profit was divided between them in ratio 3:1. After how many months did Sohan join the business?

1361 0

  • 1
    3
    Correct
    Wrong
  • 2
    2
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    5
    Correct
    Wrong
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Answer : 2. "2"

Q:

M, P and Q together started a business. M invested ₹ 6, 500 for 6 months, P invested ₹ 8,400 for 5 months and Q invested ₹ 10,000 for 3 months. M is working member for which he gets 5 % of total profit extra. If the total gain is  7,400 , then Q's share is : 

1350 0

  • 1
    ₹ 1900
    Correct
    Wrong
  • 2
    ₹ 2,100
    Correct
    Wrong
  • 3
    ₹ 3,200
    Correct
    Wrong
  • 4
    Data are incomplete
    Correct
    Wrong
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Answer : 1. "₹ 1900 "

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