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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 - If the the total investment of a business is an amount of rs. 5000. Ajay invested 4000 Rs. more in the comparision of Bijender and Bijender invested 5000 more in the comparision of Chman . At the end of the year, Rs. 35000 earned in the form of profit then what should be the share of Ajay?
Answer : A
Explanation
If we can assume that the C , B and A have the investment of Rs. x , (x+5000) and Rs. (x+9000) respectively. Then, X+(x+5000)+(x+9000) =50000 ⇒ 3x = 36000 ⇒ x =12000. C =Rs. 12000 , B = Rs. 17000 and C = Rs. 21000 A : B : C = 21000 : 17000: 12000 = 21: 17: 12 Share of A = Rs. (35000* 21/50) = Rs. 14700
Q 2 - Partnership are done by Three persons A, B and C. The investment of Rs. 2560 and Rs. 2000 made by A and B respectively. If Total profit of the year is Rs. 1105 and A received Rs. 320 as a share in profit?
Answer : B
Explanation
Let A:B :C = 2560 : 2000 : x . Then,
Share of A = { 1105* 2560/ (4560+x)}
∴ (1105* 2560/ 4560+x ) = 320 ⇒ 4560+x = (1105* 2560/ 320) = Rs. 8840
⇒ x = (8840 ? 4560) = 4280
Hence, Rs. 4280 received by C as a share of profit.
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?
Answer : B
Explanation
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 - Partners of a firms are A, B and C. Conditions of invest ment are twice the A investment is equal to thrice the capital of B and the capital of B is four times in the comparison of C capital. What should be the share in profit of B if profit earned by Rs. 29700?
Answer : A
Explanation
If 2A = 3B and B = 4C and therefore, 3B = 12 C ∴ 2A =3B = 12C = x ⇒ A = x/2 , B = x/3 , C= x/12 ∴ A:B:C = x/2 : x/3 : x/12 = 1/2 : 1/3: 1/12 = 6:4:1 Hence, its proves that share of B = (297000* 4/11) = Rs. 10800.
Q 5 - A VcR at a rent of Rs. 350 taken by Three partner A,B and C. They use it for 6 hours , 10 hours and 12 hours respectively. What should be the share of C in rent?
Answer : A
Explanation
Rent paid by them in the ratio = 6 : 10: 12 = 3: 5:6 Rent paid by C = (6/14* 350) = 150 Rs.
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.
Answer : D
Explanation
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 - In the ratio of 5:7:6 money was invested by three partners A ,B and C . 26% , 20% and 15% investment increased by them respectively in the next year. What should be the ratio of profit in the second year?
Answer : A
Explanation
If rs. 5x,7x and 6x is the investment in the first year by A: B:C . then the investment in the second year by A ,B and C = (126% of 5x ), (120% of 7x) and (115% of 6x) (126/100*5x) : (120/100*7x) : (115/100*6x) = 630 : 840: 690 = 21: 28: 23
Q 8 - Ram, Mohan and Pawan invest Rs 1000, Rs 4000 and Rs 5000 respectively in a business. At the end of the year the balance sheet shows a loss of 20% of the total initial investment. Find the share of loss of each partner.
Answer : C
Explanation
Total initial investment = Rs (1000 + 4000 + 5000) = Rs 10000 Total loss = 20% of total investment = 20/100 * 10000 = Rs 2000 Ratio of investment by all partners = 1000 : 4000 : 5000 = 1 : 4 : 5 Sum of the ratios = 1 + 4 +5 = 10 Share of loss for Ram = 1/10 * 2000 = Rs 200 Share of loss for Mohan = 4/10 * 2000 = Rs 800 Share of loss for Pawan = 5/10 * 2000 = Rs 1000
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?
Answer : D
Explanation
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 - Amit and Binod enter into partnership business with Re 5000 and Re 4000 respectively. After 1/4th of the time Amit contributes additional Re 2000. One month after the start of the business, Binod withdraws 1/4th his capital. Jagan then joins the business with a capital investment of Re 7000. The profit at the year-end is Re 2304. Find the share of profit for each investors.
Answer : A
Explanation
Bringing down the investment to 1 month, Amit's investment = (5000*12) + (2000*9) = Re 78000 Binod's investment = (4000*1) + (3000*11) = Re 37000 Jagan's investment = (7000*11) = Re 77000 Amit : Binod : Jagan = 78 : 37 : 77 Sum of ratios = 78+37+77 = 192 Amit's share = 78/192 * 2304 = Re 936 Binod's share = 37/192 * 2304 = Re 444 Jagan's share = 77/192 * 2304 = Re 924