Partnership Questions Set 2

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Partnership Questions Set 2

1.Two partners invest Rs. 24750 and Rs. 16500 respectively in a business and agree that 20% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs. 400 more than the other, find the total profit made in the business.
(a) Rs. 5000
(b) Rs. 2500
(c) Rs. 3500
(d) Rs. 4500

Answers to the quiz and More questions are attached in the Sehpaathi Test Application below

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Bnk_Quant_Partnership-Set2

 

2.A and B invested in the ratio 3 : 2 in a business. If 5% of the total profit goes to charity and A’s share is Rs. 855, find the total profit.
(a) 1600
(b) 1500
(c) 1400
(d) 1300

3.A and B invested in the ratio 5 : 3 in a business. If 10% of the total profit goes to charity and A’s share is Rs. 900, find the total profit.
(a) Rs. 1600
(b) Rs. 1400
(c) Rs. 1500
(d) Rs. 1800

Answers to the quiz and More questions are attached in the Sehpaathi Test Application below

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Bnk_Quant_Partnership-Set2

4.Three partners altogether invested Rs. 114,000 in a business. At the end of the year, one got Rs. 337.50, the second Rs. 1125.00 and the third Rs. 675 as profit. How much amount did each invest? What is the percentage of profit?
(a)1.857%
(b)1.856%
(c)1.866%
(d)1.877%

5.Three partners A, B and C together invested Rs. 375000 in a business. At the end of the year, A got Rs. 52000, B got Rs. 65000 and C got Rs. 78000 as profit. How much amount did A invest?
(a) Rs. 100000
(b) Rs. 125000
(c) Rs. 150000
(d) Rs. 160000

Answer:

1 – B

2 – B

3 – A

4 – A

5 – A

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