Partnership Practice Question and Answer
8 Q: A started a business with a capital of Rs.1,12,000. After 2 months, B joined the business with a capital of Rs.80,000 and after another 2 months, C joined the business with a capital of Rs.72,000. After 10 months from the start of the business, B withdrew Rs.8,000 and C also with drew Rs.8,000. If B received Rs.9,800 as his share in the profit at the end of a year, then the total profit was:
1221 06051c997d3e3d30b29d9a9f8
6051c997d3e3d30b29d9a9f8- 130,800false
- 235,800false
- 332,400false
- 433,600true
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Answer : 4. "33,600"
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 064f8435fa910aab8f9ffc45c
64f8435fa910aab8f9ffc45c- 12:3false
- 23:2true
- 35:3false
- 41:2false
- 52:5false
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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 05fc0dc054f2f6c622beee5ec
5fc0dc054f2f6c622beee5ec- 1Rs. 83,200false
- 2Rs. 97,500false
- 3Rs. 1, 01, 400true
- 4Rs. 1,00, 750false
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Answer : 3. "Rs. 1, 01, 400"
Q: Kundan, Dharma and Guard start a venture together. Dharma and Guard invest 4,000 and 3,000 respectively while Kundan invests 1,000 initially and after 6 months withdraws his capital and decides to work as working partner with 30% stake in the profit. If Kundan gets 800 at the end of the year, what was the total profit?
1183 0602259a9ad295556282a1827
602259a9ad295556282a1827- 1Rs. 1200false
- 2Rs. 3600true
- 3Rs. 2400false
- 4Rs. 4800false
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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 05f5af4c1dc518b408a41559e
5f5af4c1dc518b408a41559e- 12 : 1 :3true
- 21 : 2 :3false
- 32 : 3 : 1false
- 43 : 2 : 1false
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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 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.
1162 05f4ce33c82369c1d6110266f
5f4ce33c82369c1d6110266f- 1₹ 11,050false
- 2₹ 12,020false
- 3₹ 14,000false
- 4₹ 15,000true
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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 062f23cea3342ab1184327500
62f23cea3342ab1184327500- 1Rs. 134true
- 2Rs. 154false
- 3Rs. 144false
- 4Rs. 124false
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