Partnership Quiz

1.A starts business with Rs. 7000 and after 5 months, B joins with A as his partner. After 1 year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital?
A)Rs 13000
B)Rs 12000
C)Rs 15000
D)Rs 18000
None of these
Answer – D (Rs 18000)
Explanation –
Let B’s capital be Rs. x. Then.
(7000 x 12) / 7x = 2/3 [ capital ratio= profit ratio] 14x = 252000 x = 18000

2.shikha started a business investing Rs. 50,000 in 1999, In 2000, she invested an additional amount of Rs. 20,000 and Raju joined him with an amount of Rs. 70,000. In 2001, Shikha invested another additional amount of Rs. 20,000 and Jolly joined them with an amount of Rs. 70,000. What will be Raju’s share in the profit of Rs. 300,000 earned at the end of 3 years from the start of the business in 1999?
A)Rs Rs. 250,000.
B)Rs Rs. 120,000.
C)Rs Rs. 100,000.
D)Rs Rs. 150,000.
E)None of these
Answer – C (Rs. 100,000)
Explanation –
Shikha : Raju : Jolly
= (50000 x 12 + 70000 x 12 + 90000 x 12) : (70000 x 24) : (70000 x 12)
= 2520000 : 1680000 : 840000 = 3 : 2 : 1
Raju’s share = Rs.300,000 x 2/6 = Rs. 100,000.

3.A, B and C started a business. They invest Rs. 80,000, Rs. 160,000 and Rs. 2,40,000 respectively. At the end of the first year, B withdraws Rs. 80,000, while at the end of the second year, C withdraws Rs. 160,000. In what ratio will the profit be shared at the end of 3 years?
A)2:3:4
B)3:4:7
C)3:2:5
D)3:1:4
E)None of these
Answer – D (3:4:7)
Explanation – A : B : C = (80000 x 36) : (160000 x 12 + 80000 x 24)
(240000 x 24 + 80000 x 12) =144 : 192 : 336 = 3: 4 : 7

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