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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 4 of 37 pages
Question 31.

A began a business with Rs. 85,000. He was joined afterwards by B with Rs. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1?

  1.    4 months
  2.    5 months
  3.    6 months
  4.    8 months
 Discuss Question
Answer: Option D. -> 8 months

Suppose B joined for x months. Then,


Then, \(\left(\frac{85000\times12}{42500\times x} = \frac{3}{1}\right )\)


 x = \(\left(\frac{85000\times12}{42500\times 3} = \frac{3}{1}\right ) = 8\)


So, B joined for 8 months.

Question 32.

Aman started a business investing Rs. 70,000. Rakhi joined him after six months with an amount of Rs.. 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business?

  1.    7 : 6 : 10
  2.    12 : 15 : 16
  3.    42 : 45 : 56
  4.    Cannot be determined
 Discuss Question
Answer: Option B. -> 12 : 15 : 16

Aman : Rakhi : Sagar = (70,000 x 36) : (1,05,000 x 30) : (1,40,000 x 24) = 12 : 15 : 16.

Question 33.

Arun, Kamal and Vinay invested Rs. 8000, Rs. 4000 and Rs. 8000 respectively in a business. Arun left after six months. If after eight months, there was a gain of Rs. 4005, then what will be the share of Kamal?

  1.    Rs. 890
  2.    Rs. 1335
  3.    Rs. 1602
  4.    Rs. 1780
 Discuss Question
Answer: Option A. -> Rs. 890

Arun : Kamal : Vinay = (8,000 x 6) : (4,000 x 8) : (8,000 x 8)


= 48 : 32 : 64


= 3 : 2 : 4.


Therefore Kamal's share = Rs.\(\left(4005\times\frac{2}{9}\right)\)  = Rs. 890.

Question 34.

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simrans share in the profit?

  1.    Rs. 9,423
  2.    Rs. 10,250
  3.    Rs. 12,500
  4.    Rs. 10,500
 Discuss Question
Answer: Option D. -> Rs. 10,500

Simran : Nanda = (50000 x 36) : (80000 x 30) = 3 : 4.


Therefore Simran's share = Rs. \(\left(24500\times\frac{3}{7}\right) \) =  Rs . 10,500.

Question 35.

A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years?

  1.    2:3:4
  2.    3:2:4
  3.    3:2:1
  4.    3:4:7
  5.    None of these
 Discuss Question
Answer: Option D. -> 3:4:7
 -    A : B : C = (40000 x 36) : (80000 x 12 + 40000 x 24)
  (120000 x 24 + 40000 x 12) =144 : 192 : 336 = 3: 4 : 7
Question 36.

Three partners A, B, C start a business. Twice A’s capital is equal to thrice B’s capital and B’s capital is four times C’s capital. Out of a total profit of Rs. 16,500 at the end of the year, B’ share is:

  1.    2000
  2.    4000
  3.    5000
  4.    6000
  5.    None of these
 Discuss Question
Answer: Option D. -> 6000
 -    Let C = a. Then, B = 4a and 2A = 3 x 4a = 12a or A = 6a.
  ∴ A : B : C = 6a : 4a : a = 6 : 4 : 1.
  So, B’s capital = Rs. [16500 x 4/11] = Rs. 6000
Question 37.

A, B, C hired a car for Rs. 520 and used it for 7,8 and 11 hours respectively. Hire charges paid by B were:

  1.    160
  2.    180
  3.    220
  4.    225
  5.    None of these
 Discuss Question
Answer: Option A. -> 160
 -    A : B : C = 7 : 8 : 11.
  Hire charges paid by B = Rs. [520 x 8/26] = Rs.160
Question 38.

David started a business investing Rs. 70,000. Robert joined him after six months with an amount of Rs. 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among David, Robert and Sagar respectively, 3 years after David started the business?

  1.    12 : 10 : 16
  2.    12 : 15 : 16
  3.    15 : 12 : 16
  4.    16 : 15 : 12
  5.    None of these
 Discuss Question
Answer: Option B. -> 12 : 15 : 16

 -    David : Robert : Sagar = (70000 x 36) : (105000 x 30) : (140000 x 24)
  = 12 : 15: 16

Let's assume the amount of profit earned by the business is X.

David invested Rs. 70,000 for a period of 3 years, which is equivalent to (3 * 12) 36 months.

Robert invested Rs. 1,05,000 for a period of 2.5 years, which is equivalent to (2.5 * 12) 30 months.

Sagar invested Rs. 1.4 lakhs for a period of 2 years, which is equivalent to (2 * 12) 24 months.

The profit earned should be divided among them in the ratio of the period for which each one has invested their money. Hence, the ratio is:

36 : 30 : 24 = 12 : 10 : 8

Now, we need to extend this ratio to include equal parts. The LCM of 12, 10 and 8 is 120, so the ratio becomes:

(12/120) : (10/120) : (8/120) = 12 : 10 : 8

Dividing each part by the same number, we get the final ratio:

12 : 15 : 16

To summarize:

  • The profit earned should be divided among David, Robert, and Sagar in the ratio of 12 : 15 : 16.

Answer: B - 12:15:16.

Question 39.

C and D started a business investing Rs. 85,000 and Rs. 15,000 respectively. In what ratio the profit earned after 2 years be divided between P and Q respectively?

  1.    10 : 3
  2.    12 : 3
  3.    17 : 3
  4.    20 : 15
  5.    None of these
 Discuss Question
Answer: Option C. -> 17 : 3

 -  C : D = 85000 : 15000 = 85 : 15 = 17 : 3

Let's assume the total profit earned after 2 years is P.

According to the question, C invested Rs. 85,000 and D invested Rs. 15,000. Therefore, the ratio of their investments is 85,000:15,000, which simplifies to 17:3.

Now, let's calculate the share of each person in the profit.

C's share = (C's investment/Total investment) * Total Profit

D's share = (D's investment/Total investment) * Total Profit

Substituting the values, we get:

C's share = (85,000/100,000) * P = 0.85P

D's share = (15,000/100,000) * P = 0.15P

Now, we need to divide the profit between P and Q. Let's assume the ratio of profit between P and Q is a:b.

Therefore, we can write:

P's share = (a/(a+b)) * 0.85P

Q's share = (b/(a+b)) * 0.15P

We know that the ratio of profit earned by P and Q should be x:y, where x and y are whole numbers. Therefore, we can assume a and b to be in the ratio of x and y.

Now, we need to find the values of x and y.

Substituting the above values in the given options, we can see that the only option for which the ratio of profit earned by P and Q can be expressed as x:y, where x and y are whole numbers, is option C (17:3). Therefore, the correct answer is option C.

Hence, the profit earned after 2 years will be divided between P and Q in the ratio of 17:3.

If you think the solution is wrong then please provide your own solution below in the comments section .

Question 40.

A started a business with Rs. 21,000 and is joined afterwards by B with Rs. 36,000. After how many months did B join if the profits at the end of the year are divided equally?

  1.    4 months
  2.    5 months
  3.    6 months
  4.    7 months
  5.    None of these
 Discuss Question
Answer: Option B. -> 5 months
 -    Suppose B joined after x months.
 Then, 21000 x 12 = 36000 x (12 - x) ⇔ 36x = 180
  ⇔ x = 5.
  Hence, B joined after 5 months.

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