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Quantitative Aptitude

PARTNERSHIP MCQs

Partnership Business, Partnerships

Total Questions : 369 | Page 7 of 37 pages
Question 61.

Shekhar started a business investing Rs. 25,000 in 1999, In 2000, he invested an additional amount of Rs. 10,000 and Rajeev joined him with an amount of Rs. 35,000. In 2001, Shekhar invested another additional amount of Rs. 10,000 and Jatin joined them with an amount of Rs. 35,000. What will be Rajeevs share in the profit of Rs. 1,50,000 earned at the end of 3 years from the start of the business in 1999?

  1.    Rs. 45,000
  2.    Rs. 50,000
  3.    Rs. 60,000
  4.    Rs. 70,000
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 50,000
 -   Shekhar : Rajeev : Jatin     = (25000 x 12 + 35000 x 12 + 45000 x 12) : (35000 x 24) : (35000 x 12)       = 1260000 : 840000 : 420000 = 3 : 2 : 1        Rajeev's share = Rs.   150000 x 2 6    = Rs. 50000.
Question 62. 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
Question 63. 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
Question 64. 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
Question 65. 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
Question 66. 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
Question 67. 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
Question 68. Four milkmen rented a pasture. A grazed 15 cows for 4 months, B grazed 12 cows for 2 months, C grazed 18 cows for 6 months and D grazed 16 cows for 5 months. If A's share of rent is Rs. 1020, what is C's share of rent ?
  1.    Rs. 916
  2.    Rs. 1360
  3.    Rs. 1836
  4.    Cannot be determined
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 1836
Question 69. A, B and C are three partners in a business. The profit share of A is $$\frac{3}{{16}}$$ of the total profit and B's share is $$\frac{1}{{4}}$$ of the total profit. If C receives Rs. 243, then the amount received by B will be ?
  1.    Rs. 90
  2.    Rs. 96
  3.    Rs. 108
  4.    Rs. 120
 Discuss Question
Answer: Option C. -> Rs. 108
Question 70. A, B and C are partners in a business. Their shares are in the proportion of $$\frac{1}{3}:\frac{1}{4}:\frac{1}{5}$$ . A withdraws half of his capital after 15 months and after another 15 months, a profit of Rs. 4340 is divided. The share of C is ?
  1.    Rs. 1240
  2.    Rs. 1245
  3.    Rs. 1360
  4.    Rs. 1550
 Discuss Question
Answer: Option A. -> Rs. 1240

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