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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 37 of 37 pages
Question 361. A, B and C invested their capitals in the ratio 3 : 4 : 6. However their share of profit are equal. The duration of their investments must be in the ratio ?
  1.    4 : 3 : 2
  2.    6 : 4 : 3
  3.    3 : 4 : 6
  4.    1 : 1 : 1
 Discuss Question
Answer: Option A. -> 4 : 3 : 2
Let their investments be Rs. 3x for p months
Rs. 4x for q months and Rs. 6x for r months respectively
Then,
$$\eqalign{
& 3xp:4xq:6xr = 1:1:1 \cr
& \Rightarrow 3p:4q:6r = 1:1:1 \cr
& {\text{So,}}3p = 4q \cr
& \Leftrightarrow q = \frac{{3p}}{4} \cr
& {\text{And, }}4q = 6r \cr
& \Leftrightarrow r = \frac{{2q}}{3} = \left( {\frac{2}{3} \times \frac{3}{4}p} \right) = \frac{p}{2} \cr
& \therefore p:q:r \cr
& = p:\frac{{3p}}{4}:\frac{p}{2} \cr
& = 4:3:2 \cr} $$
Question 362. Swati and Rajni enter into a partnership with their capitals in the ratio 5 : 6. At the end of 7 months Swati withdraws her capital. If they receive the profit in the ratio of 5 : 9, find how long was Rajni's capital used ?
  1.    10 months
  2.    12 months
  3.    14 months
  4.    None of these
 Discuss Question
Answer: Option D. -> None of these
Suppose,
Swati invested Rs. 5x for 7 months
And
Rajni invested Rs. 6x for y months
Then,
$$\eqalign{
& \Rightarrow \frac{{5x \times 7}}{{6x \times y}} = \frac{5}{9} \cr
& \Rightarrow 30y = 315 \cr
& \Rightarrow y = 10\frac{1}{2} \cr} $$
Hence, Rajni's capital was used for $${\text{10}}\frac{1}{2}$$ months
Question 363. Two friends P and Q started a business investing in the ratio 5 : 6. R joined them after six months investing an amount equal to that of Q's. At the end of the year, 20% profit was earned which was equal to Rs. 98000. What was the amount invested by R?
  1.    Rs. 105000
  2.    Rs. 175000
  3.    Rs. 210000
  4.    Data inadequate
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 210000
Let the total investment be Rs. z
Then,
$$\eqalign{
& 20\% {\text{ of }}z = 98000 \cr
& \Leftrightarrow z = \left( {\frac{{98000 \times 100}}{{20}}} \right) \cr
& \Leftrightarrow z = 490000 \cr} $$
Let the capital of P, Q and R be
Rs. 5x, Rs. 6x and Rs. 6x respectively
Then,
$$ \Leftrightarrow \left( {5x \times 12} \right)$$   + $$\left( {6x \times 12} \right)$$   + $$\left( {6x \times 6} \right)$$   = $$490000 \times 12$$
$$\eqalign{
& \Leftrightarrow 168x = 490000 \times 12 \cr
& \Leftrightarrow x = \left( {\frac{{490000 \times 12}}{{168}}} \right) \cr
& \Leftrightarrow x = 35000 \cr
& \therefore {\text{R's investment}} \cr
& = {\text{Rs}}{\text{. }}6x \cr
& = {\text{Rs}}{\text{.}}\left( {6 \times 35000} \right) \cr
& = {\text{Rs}}{\text{. 210000}} \cr} $$
Question 364. X and Y are partners in a business. X contributed $$\frac{1}{3}$$ of the capital for 9 months and Y received $$\frac{2}{5}$$ of the profit. For how long was Y's money used in the business ?
  1.    2 months
  2.    3 months
  3.    4 months
  4.    5 months
 Discuss Question
Answer: Option B. -> 3 months
$$\eqalign{
& {\text{Let the total profit be Rs}}{\text{.}}\,z \cr
& {\text{Then,}} \cr
& {\text{Y's share}} = {\text{Rs}}{\text{.}}\,\frac{{2z}}{5} \cr
& {\text{X's share}} = {\text{Rs}}{\text{.}}\left( {z - \frac{{2z}}{5}} \right) \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}.\,\frac{{3z}}{5} \cr
& \therefore {\text{X}}:{\text{Y}} \cr
& = \frac{{3z}}{5}:\frac{{2z}}{5} \cr
& = 3:2 \cr} $$
Let the total capital be Rs. x and
Suppose Y's money was used for y months
Then,
$$\eqalign{
& \Rightarrow \frac{{\frac{1}{3}x \times 9}}{{\frac{2}{3}x \times y}} = \frac{3}{2} \cr
& \Rightarrow 18x = 6xy \cr
& \Rightarrow y = 3 \cr} $$
Hence, Y's money was used for 3 months.
Question 365. M, P and Q together started a business. M invested Rs. 6500 for 6 months, P invested Rs. 8400 for 5 months and Q invested Rs. 10000 for 3 months. M is working member for which he gets 5% of total profit extra. If the total gain is Rs. 7400, then Q's share is ?
  1.    Rs. 1900
  2.    Rs. 2100
  3.    Rs. 3200
  4.    Data are incomplete
 Discuss Question
Answer: Option A. -> Rs. 1900
 
  M  
  :  
  P  
  :  
  Q  
Capital →  
6500
:
8400
:
10000
 
65
:
84
:
100
Time →
×6
:
×5
:
×3
 
390
:
420
:
300
Profit →
13
:
14
:
10
M's extra share on work in partner
$$\eqalign{
& = {\text{Rs}}.7400 \times \frac{5}{{100}} \cr
& = {\text{Rs}}{\text{.370 }} \cr
& {\text{Remaining profit}} \cr
& = {\text{Rs}}{\text{.}}\left( {{\text{7400}} - {\text{370}}} \right) \cr
& = {\text{Rs}}.\,7030 \cr} $$
According to the question,
(13 + 14 + 10) units = Rs. 7030
$$\eqalign{
& {\text{37 units}} = {\text{Rs}}{\text{. 7030}} \cr
& {\text{1 unit}} = {\text{Rs}}{\text{.}}\frac{{7030}}{{37}} \cr
& {\text{Profit of Q}} = {\text{10 units}} \cr
& = {\text{Rs}}.\frac{{7030}}{{37}} \times 10 \cr
& = {\text{Rs}}.\,1900 \cr} $$
Question 366. A starts a business by investing Rs. 28000. After 2 months, B joins with Rs. 20000 and after another 2 months C joins with Rs. 18000. At the end of 10 months from the start of the business, if B withdraws Rs. 2000 and C withdraws Rs. 2000, in what ratio should the profit be distributed among A, B and C at the end of the year ?
  1.    12 : 7 : 5
  2.    12 : 9 : 5
  3.    12 : 6 : 3
  4.    14 : 7 : 5
 Discuss Question
Answer: Option A. -> 12 : 7 : 5
A invests money for 12 months
B invests money for 10 months
C invests money for 8 months
Ratio of profit of A to B to C
= 28000 × 12 : 20000 × 8 + 18000 × 2 : 18000 × 6 + 16000 × 2
= 28 × 12 × 1000 : (160 + 36) × 1000 : (108 + 32) × 1000
= 28 × 12 : 160 + 36 : 108 + 32
= 336 : 196 : 140
= 12 : 7 : 5
Question 367. A started a business by investing Rs. 50000. After 6 months B joined her by investing Rs. 75000. After its 6 months C joined with Rs. 125000. What is the ratio of profit share after 2 year among A, B and C ?
  1.    4 : 5 : 6
  2.    8 : 9 : 10
  3.    8 : 9 : 12
  4.    4 : 5 : 8
 Discuss Question
Answer: Option B. -> 8 : 9 : 10
 
  A  
  :  
  B  
  :  
  C  
Capital →  
50000
:
75000
:
125000
Time(year) →
2
 
$$\frac{3}{2}$$
 
1
Profit →
100
:
$${\frac{{75 \times 3}}{2}}$$
:
125
 
8
:
9
:
10
∴ Required ratio of profit = 8 : 9 : 10
Question 368. Anil, Kamal and Vini invested Rs. 8000, Rs. 4000 and Rs. 8000 respectively in a business. Anil left after 6 months. If after 8 months, there was a gain of Rs. 4005, then what will be the share of Kamal ?
  1.    Rs. 800
  2.    Rs. 890
  3.    Rs. 500
  4.    Rs. 900
 Discuss Question
Answer: Option B. -> Rs. 890
Ratio of profit of Anil : Kamal : Vini
(8000 × 6) : (4000 × 8) : (8000 × 8)
= 48000 : 32000 : 64000
= 48 : 32 : 64
= 3 : 2 : 4
$$\eqalign{
& \therefore {\text{Kamal's share}} \cr
& = {\text{Rs}}{\text{.}}\left( {4005 \times \frac{2}{9}} \right) \cr
& = {\text{Rs}}{\text{.}}\,{\text{890}} \cr} $$
Question 369. A and B started a business with initial investments in the respective ratio of 18 : 7. After 4 months from the start of the business, A invested Rs. 2000 more and B invested Rs. 7000 more. At the end of one year, if the profit was distributed among them in the ratio of 2 : 1 respectively, what was the total initial investment with which A and B started the business ?
  1.    Rs. 50000
  2.    Rs. 25000
  3.    Rs. 150000
  4.    Rs. 75000
 Discuss Question
Answer: Option A. -> Rs. 50000
Let the initial investment of A and B is 18x and 7x
After 4 months from the start of business,
A invest Rs. 2000 more for each eight months.
Then total investment of A
$$\eqalign{
& = 18x \times 4 + \left( {18x + 2000} \right) \times 8 \cr
& = 72x + 144x + 16000 \cr
& = 216x + 16000 \cr} $$
After 4 months, from the start of business,
B invest Rs. 7000 more for each eight months.
Total investment by B
$$\eqalign{
& = 7x \times 4 + \left( {7x + 7000} \right) \times 8 \cr
& = 28x + 56x + 56000 \cr
& = 84x + 56000 \cr} $$
According to the question,
$$ \Rightarrow \frac{{216x + 16000}}{{84x + 56000}} = \frac{2}{1}$$
⇒ 216x + 16000 = 168x + 112000
⇒ 216x - 168x = 112000 - 16000
⇒ 48x = 96000
⇒ x = 2000
Total initial investment of A and B
= (18 + 7) × 2000
= Rs. 50000

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