Partnership Practice Question and Answer
8 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 :
1559 05dcbd10ee9d33d6509bed223
5dcbd10ee9d33d6509bed223- 1₹ 1900true
- 2₹ 2,100false
- 3₹ 3,200false
- 4Data are incompletefalse
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Answer : 1. "₹ 1900 "
Q: Two partners invest ₹ 1,25,000 and ₹ 85,000 respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be divided into ratio of their capitals. If one partner gets 300 more than the other. Find the total profit made in the business.
1508 05dcbcfc9e9d33d6509bec565
5dcbcfc9e9d33d6509bec565- 1₹ 3739. 50false
- 2₹ 3937. 50true
- 3₹ 3749. 50false
- 4₹ 3947.50false
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Answer : 2. "₹ 3937. 50 "
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?
1490 063be4b3a74eba5069d4f9cac
63be4b3a74eba5069d4f9cac- 1Rs.3625false
- 2Rs.1650false
- 3Rs.1925true
- 4Rs.3960false
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Answer : 3. "Rs.1925"
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?
1471 064f8435fa910aab8f9ffc45c
64f8435fa910aab8f9ffc45c- 12:3false
- 23:2true
- 35:3false
- 41:2false
- 52:5false
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Answer : 2. "3:2"
Q: A starts business with Rs.3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2:3. What B’s contribution in the capital?
1447 05ee056b60cb2490dae74ee0a
5ee056b60cb2490dae74ee0a- 1Rs 7500false
- 2Rs. 8000false
- 3Rs. 8500false
- 4Rs. 9000true
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Answer : 4. "Rs. 9000"
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?
1445 060f934c216158a5eedaedcdb
60f934c216158a5eedaedcdb- 1Rs. 30,000false
- 2Rs. 45,000false
- 3Rs. 75,000false
- 4None of thesetrue
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Answer : 4. "None of these"
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.
1444 06037404ccd43d04a8f4a8195
6037404ccd43d04a8f4a8195- 18000false
- 28500false
- 39000true
- 47500false
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Answer : 3. "9000"
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.
1433 062ff93aca6d1894ab156f4f1
62ff93aca6d1894ab156f4f1- 1Rs 40000, Rs 104000, Rs 52500false
- 2Rs 104000, Rs 52500, Rs 40000true
- 3Rs 52500, Rs 40000, Rs 104000false
- 4Rs 78420, Rs. 48645, Rs. 48770false
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