partnership

Partnership Questions Set 4

Q1. A and B started a business by investing Rs. 36,000 and Rs. 63,000. Find the share of each, out of the annual profit of Rs. 5500.
(a) Rs. 2000, Rs. 3500
(b) Rs. 2500, Rs. 3500
(c) Rs. 3500, Rs. 2500
(d) None of these

Q2. A starts some business with Rs. 50,000. After 3 months B joins him with Rs. 70,000. At the end of the year, in what ratio should they share the profit?
(a) 1 : 3
(b) 3 : 2
(c) 1 : 5
(d) None of these

Q3. A working partner gets 20% as his commission of the profit after his commission is paid. If the working partner’s commission is Rs. 8000, Then what is the total profit in the business?
(a) Rs. 47,000
(b) Rs. 45,000
(c) Rs. 48,000
(d) None of these

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

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Bnk_Quant_Partnership-Set4

Q4. A started business with Rs. 45,000 and B joined after ward with 30,000. If the profit at the end of the of one year was divided in the ratio 2 : 1 respectively, then B would have joined A for business after.
(a) 1 month
(b) 2 month
(c) 3 month
(d) 4 month

Q5. X and Y are partners in a business. They invest in the ratio 5 : 6, at the end of 8 months X withdraws his capital. If they receive profits in the ratio of 5 : 9, Find how long Y’s investment was used?
(a) 12 months
(b) 10 months
(c) 15 months
(d) 14 months

Answers:

1 – A
2 – D
3 – C
4 – C
5 – A