Partnership Practice Questions: Level 02

  1. A, B and C started a business each investing Rs.10000. After 4 month A withdraws Rs.3000, B withdraws Rs.4000, C invest Rs.3000 more At the end of the years, a total profit was Rs.32800. Find the share of C.
    A. Rs. 10000
    B. Rs. 14400
    C. Rs. 17600
    D. Rs. 19200
    E. None of These

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    Answer : Option B
    Ratio of capital of A, B and C.
    = ( 10,000 × 4 + 7000 × 8 ) : ( 10,000 × 4 + 6000 × 8 ) : ( 10,000 × 4 + 13000 x 8 )
    = 96000 : 88000 : 144000
    So, Ratio becomes 12 : 11:18
    Distributing the final profit of Rs. 32800 in the given ratio, the share of C becomes 14400.
  2. Joey started a business and he invested in 38000, After some month, amar came to join with him and invest 28500.The end of the year the total profit was divided among them into ratio form 16: 8.Find after how many months did amar join.
    A. 4
    B. 6
    C. 8
    D. 3
    E. None of These

    Answer : Option A
    Step 1: we can assume that amar join into business after x months. So amar money was invested for (12 – x) months.
    Step 2: 38000 x 12 / 28500 x ( 12 – x ) = 2 / 1 (The given ratio of 16 :8 is equivalent to 2 :1)
    456000 = 28500 ( 12 – x ) = 57 ( 12 – x ) = 456 = x = 4
    After 4 months amar join the business.
  3. Shakeel started a software business by investing Rs. 20,000. After six months, Neel joined him with a capital of Rs. 30,000. After 3 years, they earned a profit of Rs. 13,950. What was Shakeel’s share in the profit?
    A. Rs. 6200
    B. Rs. 6400
    C. Rs. 4200
    D .Rs. 7750
    E. None of These

    Answer : Option A
    Ratio of capitals of Shakeel and Neel
    = (20,000 × 36): (30,000 × 30) = 720000: 900000 = 4: 5.
    Shakeel’s share is = Rs. 13950 × 4 / 9 = Rs. 6200.
  4. A, B and C started a business by investing Rs. 250000 Rs. 300000 and Rs.350000 respectively.Find the share of B, out of an annual profit of Rs.187200.
    A. Rs. 65400
    B. Rs. 62400
    C. Rs. 63400
    D. Rs. 66200
    E. None of These

    Answer : Option B
    Ratio of shares of A, B and C = Ratio of their investment
    A : B : C = 250000 : 300000 : 350000 = 5 : 6 : 7
    Share of B = Rs. [187200 x 6 / 18] = 62400.
  5. Abu and Salim started a partnership business investing some amount of money in the ratio of 4 : 6 . Shakeel joined them after six months with an amount equal to that of Salim . In what proportion should the profit at the end of one year be distributed among Abu, Salim and Shakeel ?
    A. 5:3:4
    B. 4:6:2
    C. 5:3:2
    D. 4:6:3
    E. None of These

    Answer : Option D
    As (4:6 is equivalent to 2:3) So let the initial investment of money ratio of Abu and Salim is 2x and 3x. So Abu , Salim and Shakeel ratio of investment will be ( Abu : Salim : Shakeel ) = (2x × 12 ) : ( 3x × 12 ) : ( 3x × 6 ) = 24 : 36 : 18 = 4 : 6 : 3
  6. >/ol>
    1. Munna received Rs. 3000 as his share out of the total profit of Rs. 4500 which he and Raju earned at the end of one year. If Munna invested Rs.60000 for 6 months, whereas Raju invested his amount for the whole year, what was the amount invested by Raju?
      A. Rs. 12000
      B. Rs. 15000
      C. Rs. 18000
      D. Rs. 50000
      E. None of These

      Answer : Option B
      Suppose Raju invested Rs. x. Then, Ratio of their investments will be:
      Munna : Raju = 60000 * 6 : x *12.
      360000/12x= 3000/1500
      x = 15000
    2. Vimla started a business investing Rs. 90000. After 3 months, Pulkit joined him with a capital of Rs. 120000. After another 6 months, Alia joined them with a capital of Rs. 180000. At the end of the year, they made a profit of Rs. 40000. What would be Alia’s share in it?
      A. Rs 7000
      B. Rs 6000
      C. Rs 5000
      D. Rs 8000
      E. None of These

      Answer : Option D
      Ratio of investments of Vimla, Pulkit and Alia
      Vimla:Pulkit:Alia = 90000*12:120000*9:180000*3 = 2:2:1
      Alia share = Rs. 40000 * (1/5) = Rs. 8000
    3. In business, Anuj and Chirag invested amounts in the ratio 4:2, whereas the ratio between amounts invested by Anuj and Bimal was 6:4, If Rs 314600 was their profit, how much amount did Bimal receive?
      A. Rs 88000
      B. Rs 98000
      C. Rs 94400
      D. Rs 96800
      E. None of These

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      Answer : Option D
      Anuj:Bimal = 6:4 = 3:2
      Anuj:Chirag = 4:2 = 2:1
      Anuj:Bimal:Chirag = 6:4:3
      Bimal’s share = (4/13)*314600 = 96800
    4. Clark got Rs.3000 as his share out of a total profit of Rs.4500 which he and Chintu earned at the end of one year. If Clark invested Rs.10000 for 6 months, where as Chintu invested his amount for the whole year, what was the amount invested by Chintu ?
      A. Rs. 1000
      B. Rs. 5000
      C. Rs. 2200
      D. Rs. 2500
      E. None of These

      Answer : Option D
      Clark got 3000 so Chintu got 1500 .(The ratio becomes 2:1)
      Now as Clark invested 10000 for 6 months and chintu invested x for the whole year so the ratio becomes:
      (10000*6)/(x*12) = 2:1
      Solving for x we get ⇒ 2500
    5. Rs.1400 is divided among Amla,Bimla and Simla so that Amla receives half as much as Bimla and Bimla half as much as Simla. Then Simla's share is:
      A. Rs. 200
      B. Rs. 300
      C. Rs. 800
      D. Rs. 600
      E. None of These

      Answer : Option C
      Let Amla's share = Rs.x. Then
      Bimla's share = Rs.2x
      Simla's share = Rs.4x
      Amla:Bimla:Simla = x:2x:4x=1:2:4
      Hence, Simla's share = 1400*4/7 = Rs.800
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