Partnerships

Partnership Practice Questions

We have covered the partnership topic in our earlier articles. But in any competitive exam, you are asked questions and one needs to have enough practice to solve the questions. And that is why we are giving you enough questions for practice. Today our topic will be on partnership practice question.

Partnership Practice Question

Part 1

Directions: In this section, you are given the amount of investment and along with this the total profits are given. You are required to find the share of each investor.

1. Sonu, Monu, and Harish decided to start a new business by investing Rs. 1,20,000, Rs. 1,35,000, and Rs 1,50,000 respectively. If the total yearly profit of the business is Rs. 56,700 than what will be the share of each person?

2. Abhay and Ajay started a business by investing Rs. 85000 and Rs 15000 each. What be will the ratio of profit earned after 2 years between Abhay and Ajay respectively?

A. 3:4           B. 15:23            C. 17:23            D. None of the above

3. If X, Y, and Z enter into a business partnership by investing an amount of Rs. 35,000, Rs. 45,000, and Rs. 55,000 each. If the annual profit of the business is Rs. 40,500 each, they will be the share of each person?

4. Sanjay and Vijay invested Rs. 22,500 and Rs. 35,000 in a new car company. The total profit made by them was Rs. 13,800, then what was Vijay’s share in the profit?

A. Rs. 9600          B. Rs. 7200             C. Rs. 5400           D. Rs. 8400

5. In a particular business, X and Z invested the amounts in the ratio of 2:1, while the amount invested X and Y is 3:2. If the total profit was Rs. 1,57,300, then find the amount that Y received.

A. Rs. 36,300           B. Rs. 24,200              C. Rs. 48,400                 D. Rs. 72,600

Partnership practice question

Answers:

1. Rs. 16,800, Rs. 18,900, Rs. 21,000

2. D. None of the above

3. Rs. 10,500, Rs. 13,500, Rs. 16,500

4. D. Rs. 8400

5.  C. Rs. 48,400

Part 2: Different Investment Period

Directions: In this section, the amount of investment is done for different time periods. Based on the information given to you, find the answer.

1. A started a business by investing Rs. 45,000. After a period of 3 months, B joined with an investment of Rs. 60,000 and after another 6 months C joined the venture with a capital of Rs. 90,000. At the end of the year, the total profit made was Rs. 16,500. Find out the share of each person.

2. Ajay, Vijay, and Sujoy started a venture capital by investing Rs 20,000. After a period of 5 months, Ajay withdrew Rs 5000, Vijay withdrew Rs. 4000 and Sujoy further invested Rs. 6000. The profit made by the company at the end of the year was Rs. 69,900. What was the share of each and every member?

3. Aman invested Rs. 76,000 in a firm. After initial few months, Shravan joined him further with Rs. 57,000. Now the profit at the end of the year between them was in the ratio 2:1. After how many months did Shravan join the business?

A. 2 months          B. 3 months            C. 4 months             D. 5 months

4. X, Y, and Z started a business by investing in the ratio 3:2:4. After 1 year, Y invested another Rs. 2,70,000 and Z at the end of 2 years also invested another Rs. 2,70,000. At the end of 3 years period, profits were shared in the ratio of 3:4:5. What was the initial investment of each member?

5. Sameer started a business by investing Rs. 9000. After 5 months Kamal joins him with an investment of Rs. 8000. Is at the end of the year, both of them earn a profit of Rs. 6970, then what will be the share of Kamal in the profit?

A. Rs. 3690           B. Rs. 1883           C. Rs. 3864              D. Rs. 2380

6. Ram started a software firm by investing Rs. 50,000 and after a period of five months Mohan joined him with an investment of Rs. 80,000. The profit at the end of three years was Rs. 24,500. Find Ram’s share in the profit.

A. Rs. 9423             B. Rs. 10,500             C. Rs. 12,500             D. Rs. 14,000

7. Arav, Kunal, and Sumit invested Rs. 8000, Rs. 4000, and Rs. 8000 respectively for a business. Arav left the business after six months, and if after eight months there was a gain of Rs. 4005, then what was the Kunal’s share in the profit?

A. Rs. 890              B. Rs. 1335               C. Rs. 1603             D. Rs. 1780

Answers:

1. Rs. 6600, Rs. 6600, Rs. 3300

2. Rs. 20,500, Rs. 21,200, Rs. 28,200

3. C. 4 months

4. Rs. 2,70,000, Rs, 1,80,000, Rs. 3,60,000

5. D. Rs. 2380

6. B. Rs. 10,500

7. A. Rs. 890

Part 3: Investing x Times more than the other

Directions: For this section, the questions will depend on the number of times ‘x’ person investing more than the ‘y’person.

1. Three friends decided to start a new business together. Twice of X’s capital is equal to thrice of Y’s capital and Y’s capital is four times that of Z’s capital. If the total profit was Rs. 16,500 made at the end of the year then Y’s share will be

A. Rs. 6500          B. Rs. 7500            C. Rs. 4000            D. Rs. 6000

2. A, B, and C subscribes Rs. 50,000 for a business. A invests Rs. 4000 more than B and B invests Rs. 5000 more than C. Find out the share of A out of the total profit of Rs. 35,000.

A. Rs. 8400           B. Rs. 11,900               C. Rs. 13,600            D. Rs. 14,700

3. Rohan, Mohan, and Sohan enter into a business partnership. Rohan invests 3 times as much as Mohan and Mohan invest ⅔rd of what Sohan invests. The total annual profit was Rs. 6600. Find the share of Mohan.

A. Rs. 1100            B. Rs. 1200           C. Rs. 1300            D. None of the above

4. If 4 times of A’s capital is equal to 6 times of B’s capital which is equal to 10 times of C’s capital then find out the share of C out of the total profit of Rs. 4650.

A. Rs. 900           B. Rs. 465             C. Rs. 2250                 D. Rs. 1550

5. Ram, Shyam, and Rohan enter into a partnership wherein Ram invest some capital at the initial stage. Shyam invests double the amount after a period of 6 months and Rohan invests thrice the amount after 8 months. Annually the profit made is Rs. 27,000. What will be the Rohan’s share in it?

A. Rs. 9000               B. Rs. 8625               C. Rs. 10,800              D. Rs. 11,250

Answers:

1.  D. Rs. 6000

2.  D. Rs. 14,700

3.   B. Rs. 1200

4. A. Rs. 900

5. A. Rs. 9000

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