Partnership - Online Quiz

Following quiz provides Multiple Choice Questions (MCQs) related to Partnership. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - With an amount of Rs. 25000 started business by ajay. After 3 month, vijay joined the business by investing amount of Rs. 30000. If profit of the firm is 19000 at the end of the year then what should be the share of Ajay  in profit?
A - Rs. 9423
B - Rs. 10250
C - Rs. 12500
D - Rs. 10000
Ajay : Vijay = (25000*12: 30000*9) = 300000: 270000 = 10: 9
Share of Ajay = Rs. (19000* 10/19) = Rs. 10000
Q 2 - Ajay , Bijender and chaman started a business and invested Rs. 20000 each partner .After the period of 4 month, some changes are made in investment just like Ajay withdraw Rs. 5000, Bijender  and chaman both add 6000 each in the invested capital. An amount of Rs. 69900 recorded as a profit in the firm. What should be the share of  Bijender in profit?
A - Rs. 56000
B - Rs. 21200
C - Rs. 9000
D - Rs. 20000
Ajay : Bijender: chaman = (20000*5+15000*7) : (20000*5+ 16000*7) :(20000*5+26000*7)
= 205000: 212000 : 262000 =  205 : 212: 282
Share of B  in profit =  Rs. (69900* 212/699) = Rs. 21200
Q 3 - The proportion of partners capital in a business are  1/3 of A , 1/4 of B and 1/5 of C. After the period of 4 month 1/2 part of his investment withdraw by A .if the total profit of Rs. 8470 earned by  the firm then what should be the share of A?
A - Rs. 2520
B - Rs. 2800
C - Rs. 3150
D - Rs. 4120
In the starting time ratio of capitals = 1/3 : 1/4 : 1/5 = 20: 15: 12
Suppose A, B and C invest  Rs. 20x , Rs. 15x and 12x  respectively.
A: B:C = (20*4+ 10x*8) : (15*12) : (12x * 12)  = 160x : 180x : 144x = 40: 45: 36
Share of A  = Rs. ( 8470* 40/121) = Rs. 2800
Q 4 - 12:11 was the investment ratio of A and B who started a business and the ratio of profit were 4:1 . The period ofA investment was 11 month and what  was the period of B investment?
A - 3 month
B - 5 month
C - 2 month
D - 7 month
Rs. 12x and Rs. 11 x is the investment in a business. If for the y month money  invested by B .then,
A: B  = (12x*11) : (11x*y) = (132x : 11xy) = (12: y)
∴ 12/y = 4/1 = 4y = 12 ⇒ y = 3
So, we can say B invested his share for the period of 3 months in the business.
Q 5 - In a partnership firm A and B invested.  For the period of 8 month. A invested Rs 16000 and  rest of the capital by B for the rest of the time. Find out the money contributed by B  if he claims 2/7 part of the profit ?
A - Rs. 1190
B - Rs. 10500
C - Rs. 13600
D - Rs. 12800
Let total profit of the firm = 1
Share of B in profit = (1-2/7 ) = 5/7
Ratio of profit = 5: 2
Contribution of B = x then  (16000*8)/ 4x = 5/2 ⇒20x = 256000 ⇒ x= 12800.
Hence, b contributed rs. 12800.
Q 6 - What should be the ratio of profit between A, B and C  after the period of 3 years. If  A invest 25 lakhs at starting of the business and Rs. 10 lakhs  also add after one year  and  B invest 35 lakhs in the starting and Rs. 10 lakhs withdraw  after  2 year  and C invested 30 lakhs  only  from starting.
A - 10:10:9
B - 20:19:18
C - 20:20:19
D - none of these
Investment of A = Rs. (25*1+ 35*2) = Rs. 95
Investment of B = Rs. (35*2+25*1) = Rs. 95
Investment of C = Rs.  (30*3) = Rs. 90
∴  A:B:C = 95:95: 90 = 19: 19: 18
Q 7 - The ratio of investment in a firm by A and B  is 3:2 . if A received Rs. 8550 share as a profit  after doing  charity5%  out of the total profit. What should be the total profit?
A - Rs. 15760
B - Rs. 15000
C - Rs. 8600
D - Rs. 2000
If X is the total profit of a firm at the end of the year .
Amount of charity which is paid = 5% of rs. x = (5/100*x) = x/20  , balance =(x-x/20) = rs. 19x/20
Share of A = rs. (19x/20* 3/5) = Rs. 57x/100
∴ 57x/100= 8550 ⇒  x = (8550*100)/57 = 15000.
Hence, the total profit of the firm = Rs. 15000.
Q 8 - In a partnership business, Mr X invests Rs 2400 for 4 years, Mr Y invests Rs 2800 for 8 years and Mr Z invests Rs 2000 for 10 years. They earn Rs 1170. Find the share of profit for each partners.
A - 215, 450, 555
B - 215, 500, 455
C - 215, 505, 450
D - 216, 504, 450
Rs 2400 investment in 4 years earns as much as Rs 2400*4 = Rs 9600 in 1 year
Similary, Rs 2800*8 = Rs 22400 in 1 year
And Rs 2000*10 = Rs 20000 in 1 year.

Ratio for profit to be shared = 9600 : 22400 : 20000
= 12 : 28 : 25
Sum of ratios = 12 + 28 + 25 = 65
Hence,
X's share = 12/65 * 1170 = Rs 216
Y's share = 28/65 * 1170 = Rs 504
Z's share = 25/65 * 1170 = Rs 450

Q 9 - Kabir starts a business with Re 4,50,000/- Nisha joins him after a certain period of time who invests Re 3,00,000/-. At the end of year, they divide profir in the ratio 9:4. When did Nisha  join Kabir?
A - After 3 months
B - After 5 months
C - After 6 months
D - After 4 months
Suppose Nisha is with Kabir for x months.
So,  4,50,000*12/3,00,000*x = 9/4
Or, x = 8 months
Hence Nisha joined Kabir after (12 - 8) months = 4 months.
Q 10 - Hariprasad and Madhusudan started a business investing amounts in the ratio of 2:3 respectively. If Hariprasad had invested an additional amount of Re 10000, the ratio of investment would have been 3:2. What was the amount invested by Hariprasad?
A - Re 18000
B - Re 12000
C - Re 8000
D - None of these
Let the initial investment be of Hariprasad and Madhusudan be 2x and 3x respectively.
As per question,
2x + 10000     = 3/2
3x
Or, 4x + 20000 = 9x
Or, 5x = 20000
Or, x = 4000
Hariprasad?s initial investment = 2x = 2*4000 = Re 8000

    87 Lectures 
     22.5 hours 

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