Partnership Practice Question and Answer
8 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)?
1861 05f2e6dc22b354b2550073b5c
5f2e6dc22b354b2550073b5c- 13600false
- 27200false
- 36000false
- 44800true
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Answer : 4. "4800"
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?
1832 05eb010438d1f47273b1d3c46
5eb010438d1f47273b1d3c46- 1Rs. 2000false
- 2Rs. 2600false
- 3Rs. 2400true
- 4Rs. 2800false
- 5Rs. 2000false
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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.
1828 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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Answer : 2. "Rs 104000, Rs 52500, Rs 40000"
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?
1821 060701d5f556643278a8198fb
60701d5f556643278a8198fb- 13false
- 22true
- 34false
- 45false
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Answer : 2. "2"
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?
1797 064f8435fa910aab8f9ffc45c
64f8435fa910aab8f9ffc45c- 12:3false
- 23:2true
- 35:3false
- 41:2false
- 52:5false
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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?
1754 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 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 ₹).
1742 064b5060c568e7ff594af8393
64b5060c568e7ff594af8393- 12,52,000 and 1,56,800true
- 22,50,000 and 1,58,800false
- 32,48,000 and 1,60,800false
- 42,49,500 and 1,59,300false
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Answer : 1. "2,52,000 and 1,56,800"
Q: The investments made by X and Y are the ratio 3: 2. If 5% of total profit is donated and X gets ₹ 8,550 as his share of profit then what is the amount of total profit.
1700 05f4ce33c82369c1d6110266f
5f4ce33c82369c1d6110266f- 1₹ 11,050false
- 2₹ 12,020false
- 3₹ 14,000false
- 4₹ 15,000true
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