partnership

Partnership Questions Set 7

Partnership based Questions are important for competitive exams like IBPS PO, SSC CGL. We are here with daily practice sets based on partnership questions.

Q1. Gupta and Bansal enters into a partnership with their capitals in the ratio 5 : 6. At the end of 8 months, Gupta withdraws his capital. If they receive their shares profits in the ratio 5 : 9, find out how long Bansal’s capital was invested in the business?
(a) 10 months a
(b) 12 months
(c) 14 months
(d) 15 months
(e) None of these

Q2. Arvind began a business with Rs. 550. Later, Brij with Rs. 330. When did Brij join if the profit at the end of the year was divided in the ratio 10 : 3?
(a) After 4 months
(b) After 6 months
(c) After 4.5 months
(d) After 5 months
(e) None of these

Q3. A and B enters into a partnership for a year. A contributes Rs. 1500 and B Rs. 2000. After 4 months, they admit C who contributes Rs. 2250. If B withdraws his contribution after 9 months, at the end of the year they share profit in the ratio:
(a) 2 : 1 : 3
(b) 1 : 3 : 2
(c) 1 : 1 : 2
(d) 1 : 1 : 1
(e) None of these

Q4. A and B invests in a business in the ratio of 3 : 2. If 5% of the total profit goes to charity and A’s share is Rs. 855, then total profit is:
(a) Rs. 1576
(b) Rs. 1537.50
(c) Rs. 1500
(d) Rs. 1425
(e) None of these

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

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Partnership-Set7

Q5. A and B enters into a partnership. A supplies whole of the capital amounting to Rs. 45000 with the condition that the profits are to be equally distributed and that B pays A interest on half of the capital at 10% per annum, but receives, Rs. 120 per month for carrying on the concern. When B’s income is 1/2 of A’s income, their total yearly profit is:
(a) Rs. 9180
(b) Rs. 7150
(c) Rs. 3060
(d) Rs. 1440
(e) None of these

Answers:

1 – B
2 – B
3 – D
4 – C
5 – A