Partnership questions Practice Question and Answer

Q:

Monu and Kitu entered into a partnership for a year in which Monu invested Rs 120000 and Kitu invested Rs 70000. After 4 months, Monu invested Rs 80000 more whereas after 5 months, Kitu invested Rs 30000 more. When two months were left Sweety also joined investing Rs 400000 as her contribution. If the profit for the year was 12.5% of 1572000, find the share of Monu, Kitu and Sweety.

295 0

  • 1
    Rs 40000, Rs 104000, Rs 52500
    Correct
    Wrong
  • 2
    Rs 104000, Rs 52500, Rs 40000
    Correct
    Wrong
  • 3
    Rs 52500, Rs 40000, Rs 104000
    Correct
    Wrong
  • 4
    Rs 78420, Rs. 48645, Rs. 48770
    Correct
    Wrong
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Answer : 2. "Rs 104000, Rs 52500, Rs 40000"

Q:

3400 Rupees is divided among A, B, C, D in such a way that the share of A and B, B and C, C and D may be as 2:3, 4:3 and 2:3 respectively. The sum of shares of B and D is:

1201 0

  • 1
    Rs. 2040
    Correct
    Wrong
  • 2
    Rs. 1680
    Correct
    Wrong
  • 3
    Rs. 2000
    Correct
    Wrong
  • 4
    Rs. 1720
    Correct
    Wrong
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Answer : 1. "Rs. 2040"

Q:

A, B and C entered into a partnership with investment in the ratio 5 : 4 : 6. After one year A doubled his investment and C withdrew half of his investment amount. At the end of two years, they earned a profit of Rs.96000, find the sum of the shares of B and C in the profit.

2762 0

  • 1
    Rs. 47000
    Correct
    Wrong
  • 2
    Rs. 49000
    Correct
    Wrong
  • 3
    Rs. 51000
    Correct
    Wrong
  • 4
    Rs. 53000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 51000"

Q: Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ? 2405 0

  • 1
    12,421
    Correct
    Wrong
  • 2
    9,423
    Correct
    Wrong
  • 3
    11,600
    Correct
    Wrong
  • 4
    10,500
    Correct
    Wrong
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Answer : 4. "10,500"
Explanation :

Answer: D) 10,500 Explanation: The ratio of their investments:50000x36 : 80000x30 = 3 : 4Simran's share of profit = (24500x3/7) = Rs.10,500.

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