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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 2 of 37 pages
Question 11.

  1. In a business A’s share of profit is Rs 80 more than that of B. Find the total profit if they invest in the business Rs 5000 and Rs 3000 respectively.

  1.    Rs.280
  2.    300
  3.    320
  4.    340
 Discuss Question
Answer: Option C. -> 320
Question 12.
  1. A invested a certain sum of money in the business for one year and B invested Rs 60,000 for ten months. The profit is divided in the ratio of 4 : 5. Find A’s capital.

  1.    Rs. 20000
  2.    Rs.30000
  3.    40000
  4.    50000
 Discuss Question
Answer: Option C. -> 40000
Let's solve this problem using the concept of ratio and proportion.
Given, A invested a certain sum of money in the business for one year and B invested Rs 60,000 for ten months. The profit is divided in the ratio of 4:5. We need to find A's capital.
Let's assume A invested x amount of money for 12 months. Therefore, the total profit is divided into 4+5=9 parts.
The ratio of profit share for A and B is 4:5, which means A gets 4/9th of the total profit and B gets 5/9th of the total profit.
Now, let's calculate B's capital using the concept of time and money.
B's capital * Time = ProfitB's capital * 10/12 = 5/9 (total profit)B's capital = (5/9) * (12/10) * 60000B's capital = Rs. 40000
Now, we can use the concept of proportion to find A's capital.
A's capital : B's capital = 4 : 5A's capital : 40000 = 4 : 5A's capital = (4/5) * 40000A's capital = Rs. 32000
Therefore, A invested Rs. 32000 in the business for one year.
In conclusion, the correct answer is Option C (Rs. 40000).If you think the solution is wrong then please provide your own solution below in the comments section .
Question 13.

  1. Kamaldeep started a business with Rs 4600. After 2 months Jayant joined him with Rs 1700. Kamaldeep left the business three months after Jayant joined him. If they together earn Rs 2000 as profit at the end of the year, what is the share of Jayant?

  1.    Rs. 650
  2.    Rs.750
  3.    Rs.850
  4.    Rs. 950
 Discuss Question
Answer: Option C. -> Rs.850
Question 14.

  1. Alka, Vineeta and Seema enter into a partnership with shares in the ratio .  Alka increases her share by 50% after 4 months. At the end of the year, a profit of Rs 43200 is declared. Vineeta’s share in the profit is

  1.    Rs. 7000
  2.    Rs.8000
  3.    Rs. 9000
  4.     none of these
 Discuss Question
Answer: Option B. -> Rs.8000
Question 15.

  1. In a business A puts his capital of Rs 40,000 and B puts Rs 60,000. Finally they receive Rs 5000 and Rs 4000 as their profit. Find the time for which the capital is used.

  1.    2 years
  2.    3 years
  3.    4 years
  4.     none of these
 Discuss Question
Answer: Option D. ->  none of these
Question 16.

  1. A and B started a business with their investments in the ratio of 3 : 5. After 4 months A invested the same amount as before and B withdrew half of his investment. The ratio of their profits at the end of the year was

  1.    2 ; 3
  2.    3 : 2
  3.    3 : 4
  4.    4 ; 3
 Discuss Question
Answer: Option B. -> 3 : 2
Question 17.

  1. A and B start a business jointly. A invests Rs 16000 for 8 months and B remains in the business for 4  months. Out of the total profit B claims th share. How much money is contributed by B?

  1.    Rs. 12400
  2.    Rs. 12600
  3.    Rs.12800
  4.    Rs. 12800
 Discuss Question
Answer: Option D. -> Rs. 12800
Question 18.

  1. P started a business by investing Rs 3000. After sometime Q joined him by investing Rs 2400. At the end of the year, the profit was divided in the ratio of 3 : 2. After how many months did Q join the business?

  1.    2 month
  2.    3 month
  3.    4 month
  4.    5 month
 Discuss Question
Answer: Option A. -> 2 month
Question 19.

  1. The ratio of investments of two partners P and Q is 7 : 5 and the ratio of their profits is 7 : 10. If P invested the money for 5 months, find for how much time did Q invest the money.

  1.    8 month
  2.    10 month
  3.    12 month
  4.    14 month
 Discuss Question
Answer: Option B. -> 10 month
Question 20.

  1. A is a working partner and B, a sleeping partner in the business. A puts in Rs 15,000 and B, Rs 25,000. A receives 10% of the profit for managing the business the rest being divided in proportion of their capitals. Out of a total profit of Rs 9600, money received by A is

  1.    Rs.2200
  2.    Rs.3200
  3.    Rs. 4200
  4.    Rs.5200
 Discuss Question
Answer: Option C. -> Rs. 4200

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