Partnership Practice Question and Answer

Q:

Answer the following questions

Nirmal started a business by investing Rs.48000. After 7 months, Vidya joined him with a capital of Rs.56000. At the end of the year of the total profit was Rs.5885. What is the Vidya’s share of the profit?

1758 0

  • 1
    Rs.3625
    Correct
    Wrong
  • 2
    Rs.1650
    Correct
    Wrong
  • 3
    Rs.1925
    Correct
    Wrong
  • 4
    Rs.3960
    Correct
    Wrong
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Answer : 3. "Rs.1925"

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?

1757 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:

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?

1745 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:

Monu and Kitu entered into a partnership for a year in which Monu invested Rs 120000 and Kitu invested Rs 70000. After 4 months, Monu invested Rs 80000 more whereas after 5 months, Kitu invested Rs 30000 more. When two months were left Sweety also joined investing Rs 400000 as her contribution. If the profit for the year was 12.5% of 1572000, find the share of Monu, Kitu and Sweety.

1717 0

  • 1
    Rs 40000, Rs 104000, Rs 52500
    Correct
    Wrong
  • 2
    Rs 104000, Rs 52500, Rs 40000
    Correct
    Wrong
  • 3
    Rs 52500, Rs 40000, Rs 104000
    Correct
    Wrong
  • 4
    Rs 78420, Rs. 48645, Rs. 48770
    Correct
    Wrong
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Answer : 2. "Rs 104000, Rs 52500, Rs 40000"

Q:

P, Q and R share the profit in a business in the ratio of 1/4, 1/6 and 7/12. Due to some reason, R takes retirement. What will be the new profit sharing ratio for P and Q if they retain their old ratios in the new shares of profit?

1707 0

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

Q:

Neena and Meena started a business with investment of Rs. 30,000 and Rs. 45, 000 Respectively. What will be the share of Meena from the profit of Rs.1,50,000 after  2 years?

1665 0

  • 1
    Rs. 30,000
    Correct
    Wrong
  • 2
    Rs. 45,000
    Correct
    Wrong
  • 3
    Rs. 75,000
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"

Q:

A starts a business with ₹75,000 and B joins the business 5 months later with an investment of ₹80,000. After 1 year, they earn a profit of ₹4,08,800. Find the share of A and B (in ₹).

1648 0

  • 1
    2,52,000 and 1,56,800
    Correct
    Wrong
  • 2
    2,50,000 and 1,58,800
    Correct
    Wrong
  • 3
    2,48,000 and 1,60,800
    Correct
    Wrong
  • 4
    2,49,500 and 1,59,300
    Correct
    Wrong
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Answer : 1. "2,52,000 and 1,56,800"

Q:

A business Rs. 3500 Starts from, after 5 months B becomes his partner, after one year the profit between the two is divided in the ratio of 2: 3, then find the capital investment of B.

1637 0

  • 1
    8000
    Correct
    Wrong
  • 2
    8500
    Correct
    Wrong
  • 3
    9000
    Correct
    Wrong
  • 4
    7500
    Correct
    Wrong
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Answer : 3. "9000"

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