Partnership Practice Question and Answer

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 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 "

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 0

  • 1
    ₹ 3739. 50
    Correct
    Wrong
  • 2
    ₹ 3937. 50
    Correct
    Wrong
  • 3
    ₹ 3749. 50
    Correct
    Wrong
  • 4
    ₹ 3947.50
    Correct
    Wrong
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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 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:

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 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:

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 0

  • 1
    Rs 7500
    Correct
    Wrong
  • 2
    Rs. 8000
    Correct
    Wrong
  • 3
    Rs. 8500
    Correct
    Wrong
  • 4
    Rs. 9000
    Correct
    Wrong
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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 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 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 0

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

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