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Partnership - Online Quiz
Following quiz provides Multiple Choice Questions (MCQs) related to Partnership. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - If the the total investment of a business is an amount of rs. 5000. Ajay invested 4000 Rs. more in the comparision of Bijender and Bijender invested 5000 more in the comparision of Chman . At the end of the year, Rs. 35000 earned in the form of profit then what should be the share of Ajay?
Answer : A
Explanation
If we can assume that the C , B and A have the investment of Rs. x , (x+5000) and Rs. (x+9000) respectively. Then, X+(x+5000)+(x+9000) =50000 ⇒ 3x = 36000 ⇒ x =12000. C =Rs. 12000 , B = Rs. 17000 and C = Rs. 21000 A : B : C = 21000 : 17000: 12000 = 21: 17: 12 Share of A = Rs. (35000* 21/50) = Rs. 14700
Q 2 - There are three partners in a firm and condition of investment by them is that at the beginning time investment done by A and after the period of 6 month B invested double than A and C invested 8month later but 3 times in the comparision of A. If annual profit Rs. 27000 is announced then what will be the share of profit in the favour of C?
Answer : B
Explanation
If x , 2x, 3x amount invested by A, B and C respectively. A: B: C = (x*12): (2x*6): (3x:4) = 12x:12x: 12x = 1:1:1 Share of C in profit = Rs. (27000* 1/3) = Rs. 9000.
Q 3 - 1/6 part of capital invested by A for the period of 1/6 times, 1/3 part invested by B for the 1/3 times and rest of the capital invested by C for the rest of the time. What should be the share of B if Rs. 23000 is the profit?
Answer : A
Explanation
Here x denote capital and y denote total time. Then, Rs. x/6 for y/6 months for the investment of A and Rs. x/3 for y/3 months for the investment of B. Investment of C = [ x-(x/6+ x/3)] = Rs. x/2 for y months. Then , A: B: C = ( x/6 * y/6) : (x/3* y/3) : (x/2: y) = xy/36 : xy/9 : xy/2 = 1:4: 18 Share of B in profit = Rs. (23000* 4/ 23) = Rs. 4000.
Q 4 - The condition of investment in a firm are A invest3 times in the comparison of B and B invest 2/3 of C investment. Find out the capital ratio between three partner?
Answer : D
Explanation
Suppose Rs. x invested by C . Then , 2x/3 invest by B and Rs. 2x invested by A. A: B: C = 2x: 2x/3 : x = 6x: 2x : 3x = 6: 2: 3.
Q 5 - A VcR at a rent of Rs. 350 taken by Three partner A,B and C. They use it for 6 hours , 10 hours and 12 hours respectively. What should be the share of C in rent?
Answer : A
Explanation
Rent paid by them in the ratio = 6 : 10: 12 = 3: 5:6 Rent paid by C = (6/14* 350) = 150 Rs.
Q 6 - The partners of a firm are A and B . A invested 3 times in the comparison of his partner. While the period of his investment is 2 times in the comparison of B . What should be the total profit of the firm if Rs. 12000 received by B as a share in profit?
Answer : C
Explanation
If Rs. x for y months is investment of B . Then the investment of A is Rs. 3x for the period of 2y. ∴ A: B = (3x*2y) : (x:y) = 6xy : xy = 6: 1 Let the total profit be rs. P . Then, P* 1/7 = 12000 ⇒ p = 84000. Hence, the prove that the the profit of the firm is 84000.
Q 7 - In the ratio of 5:7:6 money was invested by three partners A ,B and C . 26% , 20% and 15% investment increased by them respectively in the next year. What should be the ratio of profit in the second year?
Answer : A
Explanation
If rs. 5x,7x and 6x is the investment in the first year by A: B:C . then the investment in the second year by A ,B and C = (126% of 5x ), (120% of 7x) and (115% of 6x) (126/100*5x) : (120/100*7x) : (115/100*6x) = 630 : 840: 690 = 21: 28: 23
Q 8 - Geeta and Sita are the partners in the business. Geeta invests Rs 1500 and Sita Rs 2500. Geeta is the working partner and gets 20% of the profit for her contribution in the management. Sita is a sleeping partner. If the profit is Rs 475, find the share of each.
Answer : A
Explanation
Payment to be made to Geeta for her contribution in the management = 20% of Rs 475 = 20/100*475 = Rs 95 Balance Profit = Rs (475 - 95) = Rs 380 Ratio of investment by Geeta and Sita = 1500 : 2500 = 3 : 5 Hence, Rs 380 is to be divided among the two in the ratio of 3 : 5. Geeta's share = 3/8 * 380 = Re 142.5 Sita's share = 5/8 * 380 = Re 237.5 Finally Geeta gets = Re (142.5 + 95) = Rs 237.5 And Sita gets = Re 237.5
Q 9 - Kabir starts a business with Re 4,50,000/- Nisha joins him after a certain period of time who invests Re 3,00,000/-. At the end of year, they divide profir in the ratio 9:4. When did Nisha join Kabir?
Answer : D
Explanation
Suppose Nisha is with Kabir for x months. So, 4,50,000*12/3,00,000*x = 9/4 Or, x = 8 months Hence Nisha joined Kabir after (12 - 8) months = 4 months.
Q 10 - Amit and Binod enter into partnership business with Re 5000 and Re 4000 respectively. After 1/4th of the time Amit contributes additional Re 2000. One month after the start of the business, Binod withdraws 1/4th his capital. Jagan then joins the business with a capital investment of Re 7000. The profit at the year-end is Re 2304. Find the share of profit for each investors.
Answer : A
Explanation
Bringing down the investment to 1 month, Amit's investment = (5000*12) + (2000*9) = Re 78000 Binod's investment = (4000*1) + (3000*11) = Re 37000 Jagan's investment = (7000*11) = Re 77000 Amit : Binod : Jagan = 78 : 37 : 77 Sum of ratios = 78+37+77 = 192 Amit's share = 78/192 * 2304 = Re 936 Binod's share = 37/192 * 2304 = Re 444 Jagan's share = 77/192 * 2304 = Re 924