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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 33 of 37 pages
Question 321. A and B start a business with Rs.6000 and Rs.8000 respectively. Hoe should they share their profits at the end of one year?
  1.    1:2
  2.    3:4
  3.    2:5
  4.    3:7
 Discuss Question
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?

  1.    I or II or III
  2.    Either III only, or I and II together
  3.    Any two of the three
  4.    All I, II and III are required.
  5.    None of these
 Discuss Question
Answer: Option B. -> Either III only, or I and II together


I and II give, profit after 3 years = Rs.
Three Friends, P, Q And R Started A Partnership Business Inv...
3
x 22000
Three Friends, P, Q And R Started A Partnership Business Inv...
= Rs. 8250.
8


From III also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.



Three Friends, P, Q And R Started A Partnership Business Inv... P's share = Rs.
Three Friends, P, Q And R Started A Partnership Business Inv...
8250 x
5
Three Friends, P, Q And R Started A Partnership Business Inv...
= Rs. 3750.
11


Thus, (either III is redundant [or] I and II are redundant).


Three Friends, P, Q And R Started A Partnership Business Inv... Correct answer is (B).


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 ?
  1.    $ 2000 million
  2.    $ 3000 million
  3.    $ 5000 million
  4.    $ 8000 million
 Discuss Question
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
$$\eqalign{
& \frac{1}{6}:\frac{1}{6}:\frac{2}{3} = 1:1:4 \cr
& {\text{Let the total capital be Rs}}{\text{.}}x \cr
& {\text{Then,}} \cr
& \frac{1}{6}{\text{of }}\left( {7\% {\text{ of }}x - 4\% {\text{ of }}x} \right) \cr
& = \$ {\text{ 60 million}} \cr
& \Rightarrow 3\% \,{\text{of }}x = \$ {\text{ }}3{\text{60 million}} \cr
& \Rightarrow x = \$ \left( {\frac{{360 \times 100}}{3}} \right){\text{million}} \cr
& \Rightarrow x = \$ {\text{ 12000 million }} \cr
& \therefore {\text{ Mona's capital }} \cr
& {\text{ = }}\left( {\frac{1}{6} \times \$ {\text{12000 million }}} \right) \cr
& = \$ \,200{\text{0 million }} \cr} $$
Question 324. Two partners invested Rs. 125000 and Rs. 85000 respectively in a business. They distribute 60% of the profit equally and decide to distribute the remaining 40% as the interest on their capitals. If one partner received Rs. 3000 more than the other, the total profits is ?
  1.    Rs. 42250
  2.    Rs. 39375
  3.    Rs. 38840
  4.    Rs. 36575
 Discuss Question
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
$$\eqalign{
& = {\text{Rs}}{\text{.}}\left( {\frac{{3x}}{{10}} + \frac{{17x}}{{105}}} \right) \cr
& {\text{ = Rs}}{\text{.}}\,\frac{{97x}}{{210}} \cr
& \therefore \frac{{113x}}{{210}} - \frac{{97x}}{{210}} = 3000 \cr
& \Rightarrow x = 39375{\text{ }} \cr
& {\text{Hence,}} \cr
& {\text{Total profit Rs}}{\text{. 39375}} \cr} $$
Question 325. The ratio of investments of two partners X and Y is 11 : 12 and the ratio of their profit is 2 : 3. If X invested the money for 8 months, then the time for which Y invested the money is ?
  1.    8 months
  2.    9 months
  3.    10 months
  4.    11 months
 Discuss Question
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
Question 326. Anu is a working partner and Bimla is a sleeping partner in a business. Anu puts Rs. 5000 and Bimla putes in Rs. 6000. Anu receives 12.5% of the profit for managing the business and the rest is divided in proportion to their capitals. What does each get put of a profit of Rs. 880 ?
  1.    Rs. 400, Rs. 480
  2.    Rs. 450, Rs. 430
  3.    Rs. 460, Rs. 420
  4.    Rs. 470, Rs. 410
 Discuss Question
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
$$\eqalign{
& = 12.5\% {\text{ of Rs}}{\text{.}}\,880 \cr
& = {\text{Rs}}{\text{.}}\,110 \cr
& {\text{Net profit}} \cr
& = {\text{Rs}}{\text{.}}\left( {880 - 110} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{770}} \cr
& {\text{Anu's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {770 \times \frac{5}{{11}}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{350}} \cr
& {\text{Anu's total share}} \cr
& = {\text{Rs}}{\text{.}}\left( {110 + 350} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{460}} \cr
& {\text{Bimla's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {770 \times \frac{6}{{11}}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{420}} \cr} $$
Question 327. A and B enter into partnership. At the end of 9 months B withdraws but A's capitals is used for one month more. If they receive profit in the ratio of 5 : 6, then the ratio of their capital is ?
  1.    3 : 4
  2.    4 : 3
  3.    5 : 6
  4.    6 : 5
 Discuss Question
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
Question 328. A and B invest Rs. 3000 and Rs. 2400 respectively in a business. If after one year there is a loss Rs. 720, how much loss will B bear? (loss or profit is in proportion to their investment)
  1.    Rs. 72
  2.    Rs. 320
  3.    Rs. 400
  4.    Rs. 360
 Discuss Question
Answer: Option B. -> Rs. 320
∵ Loss will be divided according to their investment ratio =
A  
  :  
  B
3000
:
2400
5
:
4
$$\eqalign{
& {\text{Loss of B}} = \frac{4}{{\left( {5 + 4} \right)}} \times 720 \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. 320}} \cr} $$
Question 329. A, B and C together start a business. Three times the investment of A equal four times the investment of B and the capital of B is twice that of C. The ratio of share of each in the profit ?
  1.    8 : 3 : 6
  2.    3 : 8 : 6
  3.    3 : 6 : 8
  4.    8 : 6 : 3
 Discuss Question
Answer: Option D. -> 8 : 6 : 3
$$\eqalign{
& {\text{3A}} = {\text{4B}} \cr
& {\text{B}} = {\text{2C}} \cr
& \frac{{\text{A}}}{{\text{B}}} = \frac{4}{3} \cr
& \frac{{\text{B}}}{{\text{C}}} = \frac{2}{1} \cr
& {\text{A}}\,\,\,\,\,\,\,\,{\text{B}}\,\,\,\,\,\,\,\,{\text{C}} \cr
& {\text{4}}\,\,\,\,\,\,\,\,\,\,{\text{3}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,{\text{2}}\,\,\,\,\,\,\,\,\,\,{\text{1}} \cr
& \boxed{{\text{8}}\,\,:\,\,6\,\,\,:\,\,\,3\,} \cr} $$
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 ?
  1.    Rs. 9000
  2.    Rs. 12000
  3.    Rs. 15000
  4.    Rs. 25000
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 15000
$$\eqalign{
& {\text{Let Ninad's investment be Rs}}{\text{.}}x \cr
& {\text{Then, ratio of capitals}} \cr
& = \left( {x \times 12} \right):\left( {2x \times 6} \right):\left( {3x \times 4} \right) \cr
& = 12x:12x:12x \cr
& = 1:1:1 \cr
& \therefore {\text{Manav's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {45000 \times \frac{1}{3}} \right) \cr
& = {\text{Rs}}{\text{.15000}} \cr} $$

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