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Sunday, September 27, 2015

Partnership Quiz

1.A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?
Rs 6000 Rs 5320 Rs 7800 Rs 5840

Explanation – For managing, A receives = 5% of Rs. 14800 = Rs. 740. Balance = Rs. (14800 – 740) = Rs. 14060 Ratio of their investments = (13000 x 6) : (16,800 x 5) : (20000 x 3) = 78000 : 84000 : 60000 = 13 : 14 : 10 B’s share = Rs.14060 x 14/37 = 5320

 2.Anuj, kamlesh and Vinni invested Rs. 16000, Rs. 8000 and Rs. 16000 respectively to open a business. Anuj left after 6 months. If after 8 months, there was a gain of Rs. 8010, then What will be the share of kamalesh?
1780 1635 1680 1800

Explanation – Anuj : Kamalesh : Vinni = (16000 x 6) : (8000 x 8) : (16000 x 8) = 48 : 32 : 64 = 3 : 2 : 4. Kamal’s share = Rs.8010 x 2/9 = Rs. 1780.

 3.A and B start a business with investments of Rs. 10000 and Rs. 9000 respectively. After 4 months, A takes out 1/2 of his capital. After 2 more months, B takes out 1/3 of his capital while C joins them with a capital of Rs. 14000. At the end of a year, they earn a profit of Rs. 10160. Find the share of each member in the profit?
Rs A – Rs. 3300, B – Rs. 3500, C – Rs. 3360 Rs A – Rs. 3200, B – Rs. 3600, C – Rs. 3360 Rs A – Rs. 3200, B – Rs. 3700, C – Rs. 3260 Rs A – Rs. 3200, B – Rs. 3500, C – Rs. 3460

Explanation – A : B : C = (10,000 x 4 + 5000 x 8) : (9000 x 6 + 6000 x 6) : (14000 x 6) = 80000 : 90000 : 84000 = 40 : 45 : 42 A’s share = Rs. 10160 x 40/127 = Rs. 3200; B’s share = Rs. 10160 x 45/127 = Rs. 3600; C’s share = Rs. 10160 x 42/127 = Rs. 3360.

 4.Anaya, Bela and Cendrella enter into a partnership Bussiness with Anaya’s contribution Rs. 20,000. If out of a total profit of Rs. 2000, Anaya gets Rs.100 and Bela gets Rs. 600, cendrella gets rs 400 then Cendrella’s capital is:
Rs 8000 Rs 8500 Rs 7000 Rs 6500

Explanation – A : B : C = 1000 : 600 : 400 = 5 : 3 : 2. Let their capitals be 5x, 3x, 2x respectively. Then, 5x = 20000 x = 4000. C’s capital = 2x = Rs. 8000.

 5.Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:
Rs 25000 Rs 25256 Rs 24500 Rs 25270

Explanation – Ratio of their shares = (70000 x 8) : (84000 x 10) = 2 : 3. Reena’s share = Rs.63140 x 2/5 = Rs. 25256

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