Partnership MCQs for Competitive Examination
Solve the following problems.
Q. 21
A, B and C go into a business as partners with the agreement that their shares of profit will be in the proportion of their capitals. If A’s capital : B’s capital = 2 : 3, and B’s capital : C’s capital = 2 : 5, find their shares in a profit of Rs 3250.
(A) Rs 520, Rs 780, Rs 1950
(B) Rs 540, Rs 760, Rs 1950
(C) Rs 540, Rs 780, Rs 1930
(D) Rs 530, Rs 790, Rs 1930
Answer: (A) Rs 520, Rs 780, Rs 1950
Explanation: N/A
Q. 22
A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A ’s share in profit is Rs 8,550, then the total profit is
(A) Rs 15,760
(B) Rs 15,735
(C) Rs 14,250
(D) Rs 15.000
Answer: (D) Rs 15.000
Explanation: N/A
Q. 23
A, B and C started a business with their investments in the ratio 1 : 2 : 4. After 6 months A increased his capital by 50% and B invested twice the amount as before, while C withdrew 1/4 of his 4 own investment. The ratio of their profits at the end of the year was
(A) 10 : 5 : 9
(B) 5 : 12 : 14
(C) 6 : 9 : 17
(D) 5 : 14 : 16
Answer: (B) 5 : 12 : 14
Explanation: N/A
Q. 24
At the beginning of a partnership business, the capital of B was 3/2 times that of A. After 8 months B withdrew 1/2 of his capital and after 10 months A withdrew 1/4 th of his capital. At the end of the year, if the profit incurred is Rs 53,000, find the amount received by A.
(A) Rs 30,800
(B) Rs 32,000
(C) Rs 30,000
(D) Rs 23,000
Answer: (D) Rs 23,000
Explanation: N/A
Q. 25
A, B and C entered into a business and their investment ratio was 5 : 4 : 3. After 4 months, B invested Rs 1000 more and after 8 months C Invested Rs 2000 more. At the end of one year, the profit ratio was 15 : 14 : 11, then the investment of C at the beginning was
(A) Rs 3000
(B) Rs 6000
(C) Rs 4500
(D) Rs 7500
Answer: (A) Rs 3000
Explanation: N/A
Q. 26
A invests Rs 64,000 in a business. After few months B joined him with Rs 48,000. At the end of the year, the total profit was divided between them in the ratio 2 : 1. After how many months did B join
(A) 8
(B) 4
(C) 6
(D) 7
Answer: (B) 4
Explanation: N/A
Q. 27
In a business partnership among A, B, C and D, the profit is shared as follows: (A’s share/B’s share) =(B’s share/C’s share) = (C’s share/D’s share) = 1/3. If the total profit is Rs 4,00,000, then, the share of C is
(A) Rs 1,12,500
(B) Rs 1, 37,500
(C) Rs 90,000
(D) Rs 2, 70, 000
Answer: (C) Rs 90,000
Explanation: N/A
Q. 28
A, B and C entered into partnership in a business. A got 3/5 of the profit and B and C distributed the remaining profit equally. If C got Rs 400 less than A, the total profit was
(A) Rs 1600
(B) Rs 1200
(C) Rs 1000
(D) Rs 800
Answer: (C) Rs 1000
Explanation: N/A
Q. 29
A started a business with a capital of Rs 1,00,000. One year later, B joined him with a capital of ` 2,00,000. At the end of 3 years from the start of the business, the profit earned was 84,000. The share of B in the profit exceeded the share of A by
(A) Rs 10,000
(B) Rs 12,000
(C) Rs 14,000
(D) Rs 15,000
Answer: (B) Rs 12,000
Explanation: N/A
Q. 30
A, B and C started a business by investing Rs 40,500, Rs 45,000 and Rs 60,000 respectively. After 6 months C withdrew Rs 15,000 while A invested `Rs 4500 more. In annual profit of Rs 56100, the share of C will exceed that of A by
(A) Rs 900
(B) Rs 1100
(C) Rs 3000
(D) Rs 3900
Answer: D) Rs 3900
Explanation: N/A
Q. 31
A began business with Rs 45,000 and was joined afterwards by B with Rs 54,000. After how many months did B join if the profits at the end of the year were divided in the ratio 2 : 1?
(A) 4
(B) 5
(C) 6
(D) 7
Answer: (D) 7
Explanation: N/A
Q. 32
A starts a business with Rs 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital
(A) Rs 8000
(B) Rs 8500
(C) Rs 9000
(D) Rs 7500
Answer: (C) Rs 9000
Explanation: N/A
Q. 33
A, B and C rent a pasture. A puts in 10 oxen for 7 months, B put 12 oxen for 5 months and C put 15 oxen for 3 months for grazing. If the rent of the pasture is Rs 175, how much must C pay as his share of rent?
(A)Rs 45
(B) Rs 50
(C) Rs 55
(D) Rs 60
Answer: (A)Rs 45
Explanation: N/A
Q. 34
A, B and C are partners of a company. During a particular year A received one-third of the profit, B received one-fourth of the profit and C received the remaining (Rs 5000). How much did A receive?
(A) Rs 5000
(B) Rs 4000
(C) Rs 3000
(D) Rs 1000
Answer: (B) Rs 4000
Explanation: N/A