Partnership Practice Question and Answer

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?

1215 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, B and C enter into a partnership by investing their capitals in the ratio of $$ {2\over 5} : {3\over 4} : {5\over 8}$$. After 4 months, A increased his capital by 50%, but B decreased his capital by 20%. What is the share of B in the total profit of Rs. 2, 82, 100 at the end of a year.

1198 0

  • 1
    Rs. 83,200
    Correct
    Wrong
  • 2
    Rs. 97,500
    Correct
    Wrong
  • 3
    Rs. 1, 01, 400
    Correct
    Wrong
  • 4
    Rs. 1,00, 750
    Correct
    Wrong
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Answer : 3. "Rs. 1, 01, 400"

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Answer : 2. "Rs. 3600"

Q:

A, B and C enter into a partner ship with capitals in the ratio 5 : 6 :8. At the end of business term, they received the profits in the ratio 5 : 3 :12. Find the ratio of time for which they contributed their capitals?

1178 0

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

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 ₹).

1168 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:

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. 

1162 0

  • 1
    ₹ 11,050
    Correct
    Wrong
  • 2
    ₹ 12,020
    Correct
    Wrong
  • 3
    ₹ 14,000
    Correct
    Wrong
  • 4
    ₹ 15,000
    Correct
    Wrong
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Answer : 4. "₹ 15,000 "

Q:

Rs. 720 was divided among A, B, C, D, E. The sum received by them was in ascending order and in arithmetic progression. E received Rs. 40 more than A. How much did B receive?

1150 0

  • 1
    Rs. 134
    Correct
    Wrong
  • 2
    Rs. 154
    Correct
    Wrong
  • 3
    Rs. 144
    Correct
    Wrong
  • 4
    Rs. 124
    Correct
    Wrong
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Answer : 1. "Rs. 134 "

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