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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 5 of 37 pages
Question 41.

A, B and C started a shop by investing Rs. 27,000, Rs. 72,000 and Rs. 81,000 respectively. At the end of the year, the profits were distributed among them. If Cs share of profit be Rs. 36,000, then the total profit was:

  1.    30000
  2.    60000
  3.    80000
  4.    120000
  5.    None of these
 Discuss Question
Answer: Option C. -> 80000
 -    A : B : C = 27000 : 72000 : 81000 = 3: 8 : 9. so, C’s share : Total Profit = 9 : 20.
  Let the total profit be Rs. x. Then, 9/20 = 36000/x or x
  = 36000 x 20 / 9 = 80000.
Question 42.

X and Y invested in a business. They earned some profit which they divided in the ratio of 2 : 3. If X invested Rs. 40,000, the amount invested by Y is:

  1.    35,000
  2.    40,000
  3.    50,000
  4.    60,000
  5.    None of these
 Discuss Question
Answer: Option D. -> 60,000
 -    Suppose Y invested Rs. y.
  Then, 40000/y = 2/3 or y
  = [40000 x 3 / 2] = 60000.
Question 43.

A and B started a partnership business investing some amount in the ratio of 3:5. C joined them 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.    5 : 6 : 10
  2.    6 : 10 : 5
  3.    6 : 5 : 10
  4.    10 : 6 : 5
  5.    None of these
 Discuss Question
Answer: Option B. -> 6 : 10 : 5
 -    Let the initial investments of A and B be 3a amd 5a.
  A : B : C = (3a x 12) : (5a x 12) : (5a x 6) = 36 : 60 : 30 = 6 : 10 : 5.
Question 44.

A, B and 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.    45
  2.    50
  3.    55
  4.    65
  5.    None of these
 Discuss Question
Answer: Option A. -> 45
 -    A : B : C = 10 x 7 : 12 x 5 : 15 x 3
  = 70 : 60 : 45
  = 14 : 12 : 9.
  ∴ C’s rent = Rs. [175 x 9/35] = Rs. 45.
Question 45.

Manish started a business investing Rs. 45,000. After 3 months, Vibhor joined him with a capital of Rs. 60,000. After another 6 months, Vivek joined them with a capital of Rs. 90,000. At the end of the year, they made a profit of Rs. 16,500. Find the share of Vivek?

  1.    3300
  2.    4400
  3.    5500
  4.    6600
  5.    None of these
 Discuss Question
Answer: Option A. -> 3300

 -    Clearly, Manish invested his capital for 12 months, Vibhor for 9 months and Vivek for 3 months.
  So, ratio of their capitals = (45000 x 12) : (60000 x 9) : (90000 x 3)
  = 540000 : 540000 : 270000 = 2:2:1.
  ∴ Manish’s share = Rs. [16500 x 2/5] = Rs. 6600;
  Vibhors share = Rs. [16500 x 2/5] = Rs. 6600;
  Vivek’s share = Rs. [16500 x 1/5] = Rs. 3300.

To find the share of Vivek in the profit, we need to calculate the ratio of the investment of each person and the time period for which they invested in the business. The ratio of profit sharing for Manish, Vibhor, and Vivek is calculated as follows:

Manish's investment = Rs. 45,000 (He invested for the entire year)

Vibhor's investment = Rs. 60,000 (He invested for 9 months)

Vivek's investment = Rs. 90,000 (He invested for 6 months)

To find the ratio of profit sharing, we can multiply the investment by the time period for each person:

Manish's ratio = 45,000 × 12 = 5,40,000

Vibhor's ratio = 60,000 × 9 = 5,40,000

Vivek's ratio = 90,000 × 6 = 5,40,000

The total ratio of profit sharing is:

Manish + Vibhor + Vivek = 5,40,000 + 5,40,000 + 5,40,000 = 16,20,000

The share of Vivek can be calculated by dividing his ratio by the total ratio and then multiplying the result by the total profit:

Vivek's share = (Vivek's ratio / Total ratio) × Total profit

Vivek's share = (5,40,000 / 16,20,000) × 16,500

Vivek's share = 5,500

Therefore, the share of Vivek in the profit is Rs. 3300 (Option A).

To summarize, the steps to find the share of Vivek in the profit are:

  • Calculate the investment and time period for each person.
  • Find the ratio of profit sharing for each person by multiplying their investment and time period.
  • Calculate the total ratio of profit sharing by adding the ratios of all persons.
  • Find the share of Vivek by dividing his ratio by the total ratio and multiplying the result by the total profit.

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

Question 46.

A and B are partners in a business. A contributes 1/4 of the capital for 15 months and B received 2/3 of the profit. For how long Bs money was used?

  1.    4 months
  2.    6 months
  3.    8 months
  4.    10 months
  5.    None of these
 Discuss Question
Answer: Option D. -> 10 months
 -    Let the total profit be Rs. z.
  Then, B’ share = Rs. 2z/3, A’s share = Rs. [z - 2z/3] = Rs. z/3
  ∴ A : B = z/3 : 2z/3 = 1 : 2.
  Let the total capital be Rs. x and suppose B’s money was used for a months. Then,
  [1/4 a x 15] / [3/4 a x y] = 1/2
  ⇔ y = [15 x 2 / 3] = 10.
  Thus, B’s money was used for 10 months.
Question 47.

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 B's share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

  1.    7500
  2.    9000
  3.    9500
  4.    10000
  5.    None of these
 Discuss Question
Answer: Option A. -> 7500
 -  A : B : C = (20,000 x 24) : (15,000 x 24) : (20,000 x 18) = 4 : 3 : 3.
 B's share = Rs.   25000 x   3     = Rs. 7,500. 10
Question 48.

A 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
  5.    None of these
 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 49.

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 B's contribution in the capital?

  1.    7500
  2.    8000
  3.    8500
  4.    9000
  5.    None of these
 Discuss Question
Answer: Option D. -> 9000
 -  Let B's capital be Rs. x.
Then,   3500 x 12   =   2   7x 3  
14x = 126000
 x = 9000.
Question 50.

A and B started a business with initial investments in the ratio 14 : 15 and their annual profits were in the ratio 7 : 6. If A invested the money for 10 months, for how many months did B invest his money?

  1.    2 months
  2.    4 months
  3.    6 months
  4.    8 months
  5.    None of these
 Discuss Question
Answer: Option D. -> 8 months

 -  Suppose A invested Rs. 14a for 10 months and B invested Rs. 15a for b months. Then,
14a x 10 / 15a x b = 7/6 ⇒ b = 840 / 105 = 8


Hence, B invested the money for 8 months.

To solve this problem, we need to use the concept of the ratio of investments and the ratio of profits.

Let the initial investments of A and B be 14x and 15x, respectively.

Let the time for which A invested be 10 months and the time for which B invested be y months.

Since the profits are in the ratio 7:6, we can assume that the total profit is 13x. Therefore, A's profit would be (7/13) times the total profit and B's profit would be (6/13) times the total profit.

According to the question, A invested for 10 months and B invested for y months. Therefore, the ratio of the time for which they invested their money is 10:y.

We can now use the formula: Profit = (Investment × Time × Rate of Profit)/100

We know that A's profit was (7/13) times the total profit, and B's profit was (6/13) times the total profit. Therefore, we can write the following equations:

(7/13) × 14x × 10 = (6/13) × 15x × y

Simplifying this equation, we get:

y = (140/90) = 28/18 = 14/9 months

Therefore, B invested his money for 14/9 months, which is approximately 1.56 months, or 1 month and 16 days.

Since none of the options match this value, we can round it up to the nearest option, which is 8 months (Option D).

Hence, the correct answer is Option D, i.e., B invested his money for 8 months.

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

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