Following quiz provides Multiple Choice Questions (MCQs) related to Partnership. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - With an amount of Rs. 25000 started business by ajay. After 3 month, vijay joined the business by investing amount of Rs. 30000. If profit of the firm is 19000 at the end of the year then what should be the share of Ajay in profit?
Q 2 - The investment ratio between A and C is 2:1 but between A and B the investment ratio is 3:2. A firm earned Rs. 157300 as a profit and find out the share of B in profit?
Let the ratio of profit sharing between A: B: C is 6x : 4x :3x respectively.
= 6:4:3
Share of B in profit = Rs. (157300* 4/13) = 48400 Rs.
Q 3 - 6 (capital of A) : 8(capital of B) : 10 (capital of C) these condition of investment are in a firm who made by three partners A: B;C . What should be the ratio of capital of A, B and C ?
Let 6 (capital of A) : 8(capital of B) : 10 (capital of C) = Rs. x
Then, A's capital = Rs. x/6 , B?s capital = x/8 and C's capital = x/10
A: B: C = x/6 : x/8 : x/10 = 1/6 : 1/8 :1/10 = 20: 15: 12
Q 4 - 7/2 :4/3: 6/5 with this ratio a business started by A,B and C . Investment increase 50% by A after the period of 4 month. What should be the share of B in profit if firm earned Rs. 43200 as a profit?
Given ratio = 7/2 : 4/3 : 6/5 = 105 : 40: 36
Suppose Rs. 105x invested by A , Rs. 40x invested by B and Rs. 36x invested By C.
Investment ratio = (105x*4+ (150%of 105x): (40x:12): (36x*12)
=(420x+150/100*105x*8) :480x: 432x = (1680x ): (480x):(432x)
= 35: 10: 9
Share of B = Rs. (43200*10/54) = Rs. 8000.
Q 5 - In a partnership firm A and B invested. For the period of 8 month. A invested Rs 16000 and rest of the capital by B for the rest of the time. Find out the money contributed by B if he claims 2/7 part of the profit ?
Let total profit of the firm = 1
Share of B in profit = (1-2/7 ) = 5/7
Ratio of profit = 5: 2
Contribution of B = x then (16000*8)/ 4x = 5/2 ⇒20x = 256000 ⇒ x= 12800.
Hence, b contributed rs. 12800.
Q 6 - An amount of Rs. 27000, 81000 and 72000 invested by A, B and C. Rs. 36000 was the share in profit of B , then find out the total profit of the firm at the end of the year?
A:B:C = 27000 : 81000: 72000 = 3: 9: 8
If x is the total profit of the year .
Then , the share of B in profit = Rs. (x* 9/20)
∴ 9x/20 = 36000 ⇒ x = 36000*20/ 9 = 80000.
Hence, Rs. 80000 earned by B as a profit.
Q 7 - In a business A is a active and B is non active partners. Investment of A and B are Rs. 12000 and Rs. 20000. 10% share of profit recived by A for his work and Rest of the profit divided in the ratio of their capital . What should be the share of A if total profit of the firm is 18000?
Amount received by A for working = 10% of 18000 = 1800 Rs.
Profit after A taken working amount = (18000-1800) = Rs. 16200
A and B investment ratio = 12000: 20000 = 3: 5
Share of A = (3/8* 16200) = Rs. 6075
∴ Total amount received by A = Rs. ( 6075+ 1800) = Rs. 7875
Q 8 - Ram, Mohan and Pawan invest Rs 1000, Rs 4000 and Rs 5000 respectively in a business. At the end of the year the balance sheet shows a loss of 20% of the total initial investment. Find the share of loss of each partner.
Total initial investment = Rs (1000 + 4000 + 5000)
= Rs 10000
Total loss = 20% of total investment
= 20/100 * 10000
= Rs 2000
Ratio of investment by all partners = 1000 : 4000 : 5000
= 1 : 4 : 5
Sum of the ratios = 1 + 4 +5 = 10
Share of loss for Ram = 1/10 * 2000 = Rs 200
Share of loss for Mohan = 4/10 * 2000 = Rs 800
Share of loss for Pawan = 5/10 * 2000 = Rs 1000
Q 9 - Arijit invests one half of the capital for 3/4th of the time. Bindu invests one-third of the capital for 1/2 of the time and Charu invests the remaining capital for the whole time. If the profit earned is Rs 510, find the share of each.
Q 10 - Amit and Binod enter into partnership business with Re 5000 and Re 4000 respectively. After 1/4th of the time Amit contributes additional Re 2000. One month after the start of the business, Binod withdraws 1/4th his capital. Jagan then joins the business with a capital investment of Re 7000. The profit at the year-end is Re 2304. Find the share of profit for each investors.
