Partnership
Exam Duration: 45 Mins Total Questions : 30
P and Q 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 ?
- (a)
3 : 4
- (b)
3 : 5
- (c)
15 : 23
- (d)
17 : 23
- (e)
None of these
Anand and Deepak started a business investing Rs.22,500 and Rs.35,000 repectively. Out of a total profit of Rs.13,800, Deepak's share is :
- (a)
Rs. 5400
- (b)
Rs. 7200
- (c)
Rs. 8400
- (d)
Rs. 9600
Kamal started a business investing Rs.9000. After five months,Sameer joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of sameer in the profit ?
- (a)
Rs. 1883.78
- (b)
Rs. 2380
- (c)
Rs. 3690
- (d)
Rs. 3864
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 the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
- (a)
Rs. 7500
- (b)
Rs. 9000
- (c)
Rs. 9500
- (d)
Rs. 10,000
- (e)
None of these
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 ?
- (a)
7 : 6 : 10
- (b)
12 : 15 : 16
- (c)
42 : 45 : 56
- (d)
Cannot be determined
- (e)
None of these
Arun, Kamal and vijay 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 ?
- (a)
Rs. 890
- (b)
Rs. 1335
- (c)
Rs. 1602
- (d)
Rs. 1780
A,B and C enter into a partnership. A initially invests Rs. 25 lakhs and adds another Rs. 10 lakhs after one year. B initially invests Rs. 35 lakhs and withdraws Rs. 10 lakhs after 2 years and C invests Rs. 30 lakhs. In what ratio should the profits be divided at the end of 3 years ?
- (a)
10 : 10 : 9
- (b)
20 : 20 : 19
- (c)
20 : 19 : 18
- (d)
None of these
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, Shekar invested another additional amount of Rs. 10,000 and Jatin joined them with an amount of Rs.35,000. What will be Rajeev's share in the profit of Rs. 1,50,000 earned at the end of 3 years from the start of the business in 1999 ?
- (a)
Rs.45,000
- (b)
Rs.50,000
- (c)
Rs.70,000
- (d)
Rs.75,000
- (e)
None of these
A and B entered into a partnership investing Rs. 16,000 and Rs. 12,000 respectively. After 3 months,A withdraw Rs. 5000 while B invested Rs.5000 more. After 3 more months, C joins the business with a capital of Rs. 21,000. The share of B exceeds that of C, out of a total profit of Rs. 26,400 after one year by :
- (a)
Rs. 2400
- (b)
Rs.3000
- (c)
Rs.3600
- (d)
Rs.4800
A and B start a business with investments of Rs. 5000 and Rs. 4500 respectively. After 4 months, A takes out half of his capital. After two more months, B takes out one-third of his capital while C joins them with a capital of Rs. 7000. At the end of a year, they earn a profit of Rs. 5080. Find the share of each member in the profit.
- (a)
A - Rs.1400, B- Rs. 1900, C - Rs. 1780
- (b)
A - Rs.1600, B- Rs. 1800, C - Rs. 1680
- (c)
A - Rs.1800, B- Rs. 1500, C - Rs. 1780
- (d)
A - Rs.1680, B- Rs. 1600, C - Rs. 1800
- (e)
None of these
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's share is :
- (a)
Rs.4000
- (b)
Rs.6000
- (c)
Rs.7500
- (d)
Rs.6600
A,B and C enter into partnership. A invests some money at the beginning, B invests double the amount after 6 months and C invests thrice the amount after 8 months. If the annual profit be Rs. 27,000, C's share is :
- (a)
Rs. 8625
- (b)
Rs. 9000
- (c)
Rs. 10,800
- (d)
Rs. 11,250
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 :
- (a)
Rs. 140
- (b)
Rs. 160
- (c)
Rs. 180
- (d)
Rs. 220
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 ?
- (a)
Rs. 45
- (b)
Rs. 50
- (c)
Rs. 55
- (d)
Rs. 60
In a business, A and C invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by A and B was 3 : 2. If Rs. 1,57,300 was their profit, how much amount did B receive ?
- (a)
Rs. 24,200
- (b)
Rs. 36,300
- (c)
Rs. 48,400
- (d)
Rs. 72,600
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 ?
- (a)
3 : 5 : 2
- (b)
3 : 5 : 5
- (c)
6 : 10 : 5
- (d)
Data inadequate
- (e)
None of these
A and B entered into partnership with capitals in the ratio 4 : 5. After 3 months, A withdraw \(\frac { 1 }{ 4 } \)of his capital and B withdraw \( \frac { 1 }{ 5 } \)of his capital. The gain at the end of 10 months was Rs. 760. A's share in this profit is :
- (a)
Rs.330
- (b)
Rs.360
- (c)
Rs.380
- (d)
Rs.430
In a partnership, A invests \(\frac { 1 }{ 6 } \)of the capital for \(\frac { 1 }{ 6 } \)of the time, B invests \(\frac { 1 }{ 3 } \)of the capital for \(\frac { 1 }{ 3 } \)of the time and C, the rest of the capital for the whole time. Out of a profit of Rs.4600, B's share is :
- (a)
Rs. 650
- (b)
Rs. 800
- (c)
Rs. 960
- (d)
Rs. 1000
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 :
- (a)
Rs. 45,000
- (b)
Rs. 50,000
- (c)
Rs. 60,000
- (d)
Rs. 80,000
Manick received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Raunaq earned at the end of one year. If Manick invested Rs.20,000 for 6 months, whereas Raunaq invested his amount for the whole year, what was the amount invested by Raunaq ?
- (a)
Rs. 4000
- (b)
Rs. 5000
- (c)
Rs. 6000
- (d)
Rs. 10,000
A and B started a business jointly. A's invesment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B received Rs.4000 as profit,then their total profit is :
- (a)
Rs.16,000
- (b)
Rs.20,000
- (c)
Rs.24,000
- (d)
Rs.28,000
A strated 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 ?
- (a)
3
- (b)
4
- (c)
5
- (d)
6
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 year are divided in the ratio of 3 : 1 ?
- (a)
4 months
- (b)
5 months
- (c)
6 months
- (d)
8 months
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 ?
- (a)
Rs.7500
- (b)
Rs.8000
- (c)
Rs.8500
- (d)
Rs.9000
A and B started a business with initial investment 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?
- (a)
6
- (b)
7
- (c)
8
- (d)
9
Ravi, Gagan and Nitin are running a business firm in partnership. What is Gagan's share in the profit earned by them ?
I. Ravi, Gagan and Nitin invested the amount in the ratio of 2 : 4 : 7.
II. Nitin's share in the profit is Rs. 8750
- (a)
if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question;
- (b)
if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question;
- (c)
if the data either in Statement I or in Statement II alone are sufficient to answer the question;
- (d)
if the data even in both Statements I and II together are not sufficient to answer the question;
- (e)
If the data in both Statements I and II together are necessary to answer the question.
A and B start a business jointly. What is A's share out of an annual profit of Rs. 23,800 ?
I. B's investment is \(12\frac { 1 }{ 2 } %\)% more than A's investment.
II. A's investment is Rs. 1,20,000.
- (a)
if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question;
- (b)
if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question;
- (c)
if the data either in Statement I or in Statement II alone are sufficient to answer the question;
- (d)
if the data even in both Statements I and II together are not sufficient to answer the question;
- (e)
If the data in both Statements I and II together are necessary to answer the question.
What is R's share of profit in a joint venture ?
I. Q started business investing Rs.80,000
II. R joined him after 3 months.
III. P joined after 4 months with a capital of Rs. 1,20,000 and got Rs. 6000 as his share of profit.
- (a)
All I,II and III
- (b)
I and III only
- (c)
II and III only
- (d)
Even with all I,II and III the answer cannot be arrived at
- (e)
None of these
Three friends P,Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ?
I. Total amount invested in the business in Rs.22,000
II. Profit earned at the end of 3 years is \(\frac { 3 }{ 8 } \)of the total investment.
III. The average amount of profit earned per year is Rs.2750
- (a)
I or II or III
- (b)
Either III only, or I and II together
- (c)
Any two of the three
- (d)
All I,II and III are required
- (e)
None of these
What will be percentage share of Y in the profit earned by X,Y and Z together ?
I. X,Y and Z invested a total amount of Rs.25,000 for a period of two years.
II. The profit earned at the end of 2 years is 30%.
III.The amount invested by Y is equal to the amount invested by X and Z together.
- (a)
I and II only
- (b)
II and III only
- (c)
Any two of the three
- (d)
All I,II and III are required
- (e)
Question cannot be answered even with information in all the three statements.