Quantitative Aptitude
PARTNERSHIP MCQs
Partnership Business, Partnerships
Total Questions : 369
| Page 33 of 37 pages
Answer: Option B. -> 3:4
They should share the profits in the ratio of their investments.
The ratio of the investments made by A and B =
6000 : 8000 => 3:4
Question 322.
Each of these questions is followed by three statements. You have to study the question and all the three statements given to decide whether any information provided in the statement(s) is redundant and can be dispensed with while answering the given question.
Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share profit?
Question 323. Jhon, Mona and Gordon, three US based business partners, jointly invested in a business project to supply nuclear fuel to India. As per their share in the investment, Gordon will receive $$\frac{2}{3}$$ of the profits whereas Jhon and Mona divided the remainder equally. It is estimated that the income of Jhon will increase by $ 60 million when the rate of profit rises from 4% to 7%. What is Mona's capital ?
Answer: Option A. -> $ 2000 million
Fraction of profit received by each one of Jhon and Mona
$$\eqalign{
& = \frac{{\left( {1 - \frac{2}{3}} \right)}}{2} \cr
& = \frac{1}{6} \cr} $$
Ratio of capitals of Jhon, Mona and Gordon = Ratio of their profits
$$\eqalign{
& \frac{1}{6}:\frac{1}{6}:\frac{2}{3} = 1:1:4 \cr
& {\text{Let the total capital be Rs}}{\text{.}}x \cr
& {\text{Then,}} \cr
& \frac{1}{6}{\text{of }}\left( {7\% {\text{ of }}x - 4\% {\text{ of }}x} \right) \cr
& = \$ {\text{ 60 million}} \cr
& \Rightarrow 3\% \,{\text{of }}x = \$ {\text{ }}3{\text{60 million}} \cr
& \Rightarrow x = \$ \left( {\frac{{360 \times 100}}{3}} \right){\text{million}} \cr
& \Rightarrow x = \$ {\text{ 12000 million }} \cr
& \therefore {\text{ Mona's capital }} \cr
& {\text{ = }}\left( {\frac{1}{6} \times \$ {\text{12000 million }}} \right) \cr
& = \$ \,200{\text{0 million }} \cr} $$
Fraction of profit received by each one of Jhon and Mona
$$\eqalign{
& = \frac{{\left( {1 - \frac{2}{3}} \right)}}{2} \cr
& = \frac{1}{6} \cr} $$
Ratio of capitals of Jhon, Mona and Gordon = Ratio of their profits
$$\eqalign{
& \frac{1}{6}:\frac{1}{6}:\frac{2}{3} = 1:1:4 \cr
& {\text{Let the total capital be Rs}}{\text{.}}x \cr
& {\text{Then,}} \cr
& \frac{1}{6}{\text{of }}\left( {7\% {\text{ of }}x - 4\% {\text{ of }}x} \right) \cr
& = \$ {\text{ 60 million}} \cr
& \Rightarrow 3\% \,{\text{of }}x = \$ {\text{ }}3{\text{60 million}} \cr
& \Rightarrow x = \$ \left( {\frac{{360 \times 100}}{3}} \right){\text{million}} \cr
& \Rightarrow x = \$ {\text{ 12000 million }} \cr
& \therefore {\text{ Mona's capital }} \cr
& {\text{ = }}\left( {\frac{1}{6} \times \$ {\text{12000 million }}} \right) \cr
& = \$ \,200{\text{0 million }} \cr} $$
Answer: Option B. -> Rs. 39375
$$\eqalign{
& {\text{Let the total profit be Rs}}{\text{. }}x \cr
& {\text{Then, }}60\% {\text{ of the profit}} \cr
& = {\text{Rs}}{\text{.}}\left( {\frac{{60}}{{100}} \times x} \right) \cr
& = {\text{Rs}}{\text{.}}\,\frac{{3x}}{5} \cr} $$
From this part of the profit each gets = $${\text{Rs}}{\text{.}}\,\frac{{3x}}{{10}}$$
$$\eqalign{
& 40\% {\text{ of total profit }} \cr
& = {\text{Rs}}{\text{.}}\left( {\frac{{40}}{{100}} \times x} \right) \cr
& = {\text{Rs}}{\text{.}}\,\frac{{2x}}{5} \cr} $$
Now, this amount of Rs. $$\frac{2x}{5}$$ has been divided in the ratio of capitals, which is
125000 : 85000 or 25 : 17 as interests
∴ Interest on first capital
$$\eqalign{
& = {\text{ Rs}}{\text{.}}\left( {\frac{{2x}}{5} \times \frac{{25}}{{42}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{5x}}{{21}} \cr} $$
Interest on second capital
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{2x}}{5} \times \frac{{17}}{{42}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{17x}}{{105}} \cr} $$
Total money received by first partner
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{3x}}{{10}} + \frac{{5x}}{{21}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{113x}}{{210}}{\text{ }} \cr} $$
Total money received by second partner
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{3x}}{{10}} + \frac{{17x}}{{105}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{97x}}{{210}} \cr
& \therefore \frac{{113x}}{{210}} - \frac{{97x}}{{210}} = 3000 \cr
& \Rightarrow x = 39375{\text{ }} \cr
& {\text{Hence,}} \cr
& {\text{Total profit Rs}}{\text{. 39375}} \cr} $$
$$\eqalign{
& {\text{Let the total profit be Rs}}{\text{. }}x \cr
& {\text{Then, }}60\% {\text{ of the profit}} \cr
& = {\text{Rs}}{\text{.}}\left( {\frac{{60}}{{100}} \times x} \right) \cr
& = {\text{Rs}}{\text{.}}\,\frac{{3x}}{5} \cr} $$
From this part of the profit each gets = $${\text{Rs}}{\text{.}}\,\frac{{3x}}{{10}}$$
$$\eqalign{
& 40\% {\text{ of total profit }} \cr
& = {\text{Rs}}{\text{.}}\left( {\frac{{40}}{{100}} \times x} \right) \cr
& = {\text{Rs}}{\text{.}}\,\frac{{2x}}{5} \cr} $$
Now, this amount of Rs. $$\frac{2x}{5}$$ has been divided in the ratio of capitals, which is
125000 : 85000 or 25 : 17 as interests
∴ Interest on first capital
$$\eqalign{
& = {\text{ Rs}}{\text{.}}\left( {\frac{{2x}}{5} \times \frac{{25}}{{42}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{5x}}{{21}} \cr} $$
Interest on second capital
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{2x}}{5} \times \frac{{17}}{{42}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{17x}}{{105}} \cr} $$
Total money received by first partner
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{3x}}{{10}} + \frac{{5x}}{{21}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{113x}}{{210}}{\text{ }} \cr} $$
Total money received by second partner
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{3x}}{{10}} + \frac{{17x}}{{105}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{97x}}{{210}} \cr
& \therefore \frac{{113x}}{{210}} - \frac{{97x}}{{210}} = 3000 \cr
& \Rightarrow x = 39375{\text{ }} \cr
& {\text{Hence,}} \cr
& {\text{Total profit Rs}}{\text{. 39375}} \cr} $$
Answer: Option D. -> 11 months
Let capital of X be Rs. 11x and Y's capital be Rs. 12x
and let time for which Y invested capital is T2 months
by using formula,
$$\eqalign{
& \Leftrightarrow \frac{{{{\text{C}}_1} \times {{\text{T}}_1}}}{{{{\text{C}}_2} \times {{\text{T}}_2}}} = \frac{{{{\text{P}}_1}}}{{{{\text{P}}_2}}} \cr
& \Leftrightarrow \frac{{11x \times 8}}{{12x \times {{\text{T}}_2}}} = \frac{2}{3} \cr
& \Leftrightarrow {{\text{T}}_2} = 11{\text{ months}} \cr} $$
Hence the time for which Y invested his capital is 11 months
Let capital of X be Rs. 11x and Y's capital be Rs. 12x
and let time for which Y invested capital is T2 months
by using formula,
$$\eqalign{
& \Leftrightarrow \frac{{{{\text{C}}_1} \times {{\text{T}}_1}}}{{{{\text{C}}_2} \times {{\text{T}}_2}}} = \frac{{{{\text{P}}_1}}}{{{{\text{P}}_2}}} \cr
& \Leftrightarrow \frac{{11x \times 8}}{{12x \times {{\text{T}}_2}}} = \frac{2}{3} \cr
& \Leftrightarrow {{\text{T}}_2} = 11{\text{ months}} \cr} $$
Hence the time for which Y invested his capital is 11 months
Answer: Option C. -> Rs. 460, Rs. 420
$$\eqalign{
& = {\text{Anu}}:{\text{Bimla}} \cr
& = 5000:6000 \cr
& = 5:6{\text{ }} \cr} $$
Anu's share for managing business
$$\eqalign{
& = 12.5\% {\text{ of Rs}}{\text{.}}\,880 \cr
& = {\text{Rs}}{\text{.}}\,110 \cr
& {\text{Net profit}} \cr
& = {\text{Rs}}{\text{.}}\left( {880 - 110} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{770}} \cr
& {\text{Anu's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {770 \times \frac{5}{{11}}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{350}} \cr
& {\text{Anu's total share}} \cr
& = {\text{Rs}}{\text{.}}\left( {110 + 350} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{460}} \cr
& {\text{Bimla's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {770 \times \frac{6}{{11}}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{420}} \cr} $$
$$\eqalign{
& = {\text{Anu}}:{\text{Bimla}} \cr
& = 5000:6000 \cr
& = 5:6{\text{ }} \cr} $$
Anu's share for managing business
$$\eqalign{
& = 12.5\% {\text{ of Rs}}{\text{.}}\,880 \cr
& = {\text{Rs}}{\text{.}}\,110 \cr
& {\text{Net profit}} \cr
& = {\text{Rs}}{\text{.}}\left( {880 - 110} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{770}} \cr
& {\text{Anu's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {770 \times \frac{5}{{11}}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{350}} \cr
& {\text{Anu's total share}} \cr
& = {\text{Rs}}{\text{.}}\left( {110 + 350} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{460}} \cr
& {\text{Bimla's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {770 \times \frac{6}{{11}}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{420}} \cr} $$
Answer: Option A. -> 3 : 4
Let A's capital = Rs. x
Let B's capital = Rs. y
Now, according to the question,
A
B
Capital →
x
y
Time (in month) →
(9 + 1) = 10
9
Ratio of profit →
5
6
$$\eqalign{
& {\text{We know,}} \cr
& \frac{{10 \times x}}{{x \times y}} = \frac{5}{6} \cr
& \Leftrightarrow \frac{x}{y} = \frac{3}{4} \cr} $$
Hence the required ratio of capital of A and B is = 3 : 4
Let A's capital = Rs. x
Let B's capital = Rs. y
Now, according to the question,
A
B
Capital →
x
y
Time (in month) →
(9 + 1) = 10
9
Ratio of profit →
5
6
$$\eqalign{
& {\text{We know,}} \cr
& \frac{{10 \times x}}{{x \times y}} = \frac{5}{6} \cr
& \Leftrightarrow \frac{x}{y} = \frac{3}{4} \cr} $$
Hence the required ratio of capital of A and B is = 3 : 4
Answer: Option B. -> Rs. 320
∵ Loss will be divided according to their investment ratio =
A
:
B
3000
:
2400
5
:
4
$$\eqalign{
& {\text{Loss of B}} = \frac{4}{{\left( {5 + 4} \right)}} \times 720 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. 320}} \cr} $$
∵ Loss will be divided according to their investment ratio =
A
:
B
3000
:
2400
5
:
4
$$\eqalign{
& {\text{Loss of B}} = \frac{4}{{\left( {5 + 4} \right)}} \times 720 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. 320}} \cr} $$
Answer: Option D. -> 8 : 6 : 3
$$\eqalign{
& {\text{3A}} = {\text{4B}} \cr
& {\text{B}} = {\text{2C}} \cr
& \frac{{\text{A}}}{{\text{B}}} = \frac{4}{3} \cr
& \frac{{\text{B}}}{{\text{C}}} = \frac{2}{1} \cr
& {\text{A}}\,\,\,\,\,\,\,\,{\text{B}}\,\,\,\,\,\,\,\,{\text{C}} \cr
& {\text{4}}\,\,\,\,\,\,\,\,\,\,{\text{3}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,{\text{2}}\,\,\,\,\,\,\,\,\,\,{\text{1}} \cr
& \boxed{{\text{8}}\,\,:\,\,6\,\,\,:\,\,\,3\,} \cr} $$
$$\eqalign{
& {\text{3A}} = {\text{4B}} \cr
& {\text{B}} = {\text{2C}} \cr
& \frac{{\text{A}}}{{\text{B}}} = \frac{4}{3} \cr
& \frac{{\text{B}}}{{\text{C}}} = \frac{2}{1} \cr
& {\text{A}}\,\,\,\,\,\,\,\,{\text{B}}\,\,\,\,\,\,\,\,{\text{C}} \cr
& {\text{4}}\,\,\,\,\,\,\,\,\,\,{\text{3}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,{\text{2}}\,\,\,\,\,\,\,\,\,\,{\text{1}} \cr
& \boxed{{\text{8}}\,\,:\,\,6\,\,\,:\,\,\,3\,} \cr} $$
Question 330. Nonad, Vikas and and Manav enter into a partnership. Ninad invest some amount at the beginning. Vikas invest double the amount after 6 months and Manav invests thrice the amount invested by Ninad after 8 months. They earn a profit of Rs. 45000 at the end of the year. What is Manav's share in the profit ?
Answer: Option C. -> Rs. 15000
$$\eqalign{
& {\text{Let Ninad's investment be Rs}}{\text{.}}x \cr
& {\text{Then, ratio of capitals}} \cr
& = \left( {x \times 12} \right):\left( {2x \times 6} \right):\left( {3x \times 4} \right) \cr
& = 12x:12x:12x \cr
& = 1:1:1 \cr
& \therefore {\text{Manav's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {45000 \times \frac{1}{3}} \right) \cr
& = {\text{Rs}}{\text{.15000}} \cr} $$
$$\eqalign{
& {\text{Let Ninad's investment be Rs}}{\text{.}}x \cr
& {\text{Then, ratio of capitals}} \cr
& = \left( {x \times 12} \right):\left( {2x \times 6} \right):\left( {3x \times 4} \right) \cr
& = 12x:12x:12x \cr
& = 1:1:1 \cr
& \therefore {\text{Manav's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {45000 \times \frac{1}{3}} \right) \cr
& = {\text{Rs}}{\text{.15000}} \cr} $$