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free Online Test Partnership Questions and Answers Quiz 1

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Exercise

"In the middle of difficulty lies opportunity."
- Albert Einstein
1 . Reena and Shaloo are partners in a business. Reena invests Rs. 35,000 for 8 months and shaloo invests Rs.42,000 for 10 months. Out of a profit of Rs.31,570. Reena's share is
A.  Rs.9471 B.    Rs.12,628
C.  Rs.18,040 D.    None of these
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2 . Aman started a business investing Rs.70,000. Rakhi joined him after six months with an amount of Rs.1,05,000 and Sagar joined them with Rs.1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business?
A.  7 : 6 : 10 B.    12 : 15 : 16
C.  42 : 45 : 56 D.    Cannot be determined
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3 . P and Q started a business investing Rs.85000 and Rs.15000 respectively. In what ratio the profit earned after 2 years be divided between P and Q respectively?
A.  3:4 B.    3:5
C.  15:23 D.    17:3
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4 . Simran started a software business by investing Rs.50000. After six months, Nanda joined her with a capital of Rs.80000. After 3 years they earned a profit of Rs.24500. What was Simrans share in the profit?
A.  9423rs B.    10250rs
C.  10500rs D.    14000rs
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5 . A and B started a partnership business investing some amount in the ratio of 3 : 5. C joined them after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed amount A, B and C?
A.  3: 5 : 2 B.    3 : 5 : 5
C.  6 : 10 : 5 D.    Data inadequate
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6 . Anand and Deepak started a business investing Rs.22,500 and Rs.35,000 respectively. Out of a total profit of Rs. 13,800. Deepak's share is
A.  Rs. 5400 B.    Rs. 7200
C.  Rs. 8400 D.    Rs. 9600
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7 . Kamal started a business investing Rs.9000. After five months, Sameer joined with a capital of Rs.8000. If at the end of the year, they earn a profit of Rs.6970, then what will be the shares of sameer in the profit?
A.  Rs.1883.78 B.    Rs.2380
C.  Rs.3690 D.    Rs.3864
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8 . Murugan, Prasanna and Arun invested Rs.8000, Rs.4000 and Rs.8000 respectively in a business. Arun left after six months .If after eight months, there was a gain of Rs.4005, then what will be the share of Prasanna?
A.  Rs.890 B.    Rs.1335
C.  Rs.1602 D.    Rs.1780
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9 . A, B and C enter into a partnership. They invest Rs.40,000, Rs.80,000 and Rs.1,20,000 respectively. At the end of the first year, B withdraws Rs.40,000 while at the end of the second year, C withdraws Rs.80,000. In what ratio will the profit be shared at the end of 3 years?
A.  2 : 3 : 5 B.    3 : 4 : 7
C.  4 : 5 : 9 D.    Data inadequate
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10 . A starts a business with Rs.3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital?
A.  Rs.7500 B.    Rs.8000
C.  Rs.8500 D.    Rs.9000
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