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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 3 of 37 pages
Question 21.

A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and As share is Rs. 855, the total profit is:

  1.    Rs. 1425
  2.    Rs. 1500
  3.    Rs. 1537.50
  4.    Rs. 1576
 Discuss Question
Answer: Option B. -> Rs. 1500

Let the total profit be Rs. 100.


After paying to charity, A's share = Rs.  \(\left(95\times\frac{3}{5}\right)\) = Rs.57.


If A's share is Rs. 57, total profit = Rs. 100.


If A's share Rs. 855, total profit =    \(\left(\frac{100}{57}\times855\right)\)  = 1500.

Question 22.

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

  1.    Rs. 1900
  2.    Rs. 2660
  3.    Rs. 2800
  4.    Rs. 2840
 Discuss Question
Answer: Option B. -> Rs. 2660

For managing, A received = 5% of Rs. 7400 = Rs. 370.


Balance = Rs. (7400 - 370) = Rs. 7030.


Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)


   = 39000 : 42000 : 30000


   = 13 : 14 : 10


Therefore B's share = Rs.    \(\left(7030\times\frac{14}{37}\right)\)  = RS.2660.

Question 23.

A, B and C enter into a partnership in the ratio  \(\frac{7}{2}:\frac{4}{3}:\frac{6}{5},\)  After 4 months, A increases his share 50%. If the total profit at the end of one year be Rs. 21,600, then Bs share in the profit is:

  1.    Rs. 2100
  2.    Rs. 2400
  3.    Rs. 3600
  4.    Rs. 4000
 Discuss Question
Answer: Option D. -> Rs. 4000

Ratio of initial investments =  \(\left(\frac{7}{2}:\frac{4}{3}:\frac{6}{5}\right)\)  = 105:40:36,


Let the initial investments be 105x, 40x and 36x.


Therefore A : B : C = \(\left(105x\times4+\frac{150}{100}\times105x\times8\right)\)      : (40x x 12) : (36x x 12)


= 1680x : 480x : 432x = 35 : 10 : 9.


Hence, B's share = Rs.      \(\left(21600\times\frac{10}{54}\right)\)  = Rs. 4000.

Question 24.

A, B, C subscribe Rs. 50,000 for a business. A subscribes Rs. 4000 more than B and B Rs. 5000 more than C. Out of a total profit of Rs. 35,000, A receives:

  1.    Rs. 8400
  2.    Rs. 11,900
  3.    Rs. 13,600
  4.    Rs. 14,700
 Discuss Question
Answer: Option D. -> Rs. 14,700

Let C = x.


Then, B = x + 5000 and A = x + 5000 + 4000 = x + 9000.


So, x + x + 5000 + x + 9000 = 50000


 3x = 36000


 x = 12000


A : B : C = 21000 : 17000 : 12000 = 21 : 17 : 12.


Therefore A's share = Rs.  \(\left(35000\times\frac{21}{50}\right)\)   = Rs.14,700.

Question 25.

Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?

  1.    5 : 7 : 8
  2.    20 : 49 : 64
  3.    38 : 28 : 21
  4.    None of these
 Discuss Question
Answer: Option B. -> 20 : 49 : 64

Let their investments be Rs. x for 14 months, Rs. y for 8 months and Rs. z for 7 months respectively.


Then, 14x : 8y : 7z = 5 : 7 : 8.


Now, \(\frac{14x}{8y} = \frac{5}{7} \Leftrightarrow 98x=40y \Leftrightarrow y = \frac{49}{20}x \)


And , \(\frac{14x}{7z} = 112x = 35z \Leftrightarrow z = \frac{112}{35} =\frac{16}{5}x.\)


Therefore x : y : z = x :  \(\frac{49}{20}x:\frac{16}{5}x\) = 20 : 49 : 64.

Question 26.

A starts business with Rs. 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is Bs contribution in the capital?

  1.    Rs. 7500
  2.    Rs. 8000
  3.    Rs. 8500
  4.    Rs. 9000
 Discuss Question
Answer: Option D. -> Rs. 9000

Let B's capital be Rs. x.


Then, \(\left(\frac{3500\times12}{7x} = \frac{2}{3}\right)\)


 14x = 126000


 x = 9000.

Question 27.

A and B entered into partnership with capitals in the ratio 4 : 5. After 3 months, A withdrew  \(\frac{1}{4}\) of his capital and B withdrew  \(\frac{1}{5}\) of his capital. The gain at the end of 10 months was Rs. 760. As share in this profit is:

  1.    Rs. 330
  2.    Rs. 360
  3.    Rs. 380
  4.    Rs. 430
 Discuss Question
Answer: Option A. -> Rs. 330

A : B = \(\left[4x\times3+\left(4x-\frac{1}{4}\times4x\right)\times7\right] : \left[5x\times3+\left(5x-\frac{1}{5}\times5x\right)\times7\right] \)


= (12x + 21x) : (15x + 28x)


   = 33x :43x


   = 33 : 43.


Therefore A's share = Rs. \(\left(760\times\frac{33}{36}\right)\)  =  Rs. 330.


 

Question 28.

 and B started a partnership business investing some amount in the ratio of 3 : 5. C joined then after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C?

  1.    3 : 5 : 2
  2.    3 : 5 : 5
  3.    6 : 10 : 5
  4.    Data inadequate
 Discuss Question
Answer: Option C. -> 6 : 10 : 5

Let the initial investments of A and B be 3x and 5x.


A : B : C = (3x x 12) : (5x x 12) : (5x x 6) = 36 : 60 : 30 = 6 : 10 : 5.

Question 29.

A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

  1.    Rs. 45
  2.    Rs. 50
  3.    Rs. 55
  4.    Rs. 60
 Discuss Question
Answer: Option A. -> Rs. 45

A : B : C = (10 x 7) : (12 x 5) : (15 x 3) = 70 : 60 : 45 = 14 : 12 : 9.


Therefore C's rent = Rs.   \(\left(175\times\frac{9}{35}\right)\) = Rs. 45.

Question 30.

A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be Bs share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

  1.    Rs. 7500
  2.    Rs. 9000
  3.    Rs. 9500
  4.    Rs. 10,000
 Discuss Question
Answer: Option A. -> Rs. 7500

A : B : C = (20,000 x 24) : (15,000 x 24) : (20,000 x 18) = 4 : 3 : 3.


Therefore B's share = Rs. \(\left(25000\times\frac{3}{10}\right)\)  = Rs. 7,500.

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