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free Online Test Partnership Questions and Answers Quiz 3

Description: Free Online Test questions and answers on Partnership with explanation for various competitive exams,entrance test. Solved examples with detailed answer test 3


"Life is like riding a bicycle. To keep your balance you must keep moving."
- Albert Einstein
1 . Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?
A.  5 : 7 : 8 B.    20 : 49 : 64
C.  38 : 28 : 21 D.    None of these
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2 . A and B entered into partnership with capitals in the ratio 4 : 5. After 3 months, A withdrew of his capital and B withdrew of his capital. The gain at the end of 10 months was Rs. 760. A's share in this profit is:
A.  Rs.330 B.    Rs.360
C.  Rs.380 D.    Rs.430
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3 . In a business, A and C invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by A and B was 3 : 2. If Rs.1,57,300 was their profit, how much amount did B receive?
A.  Rs. 24,200 B.    Rs.36,300
C.  Rs.48,400 D.    None of the above
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4 . 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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5 . A, B and C enter into a partnership. A initially invests Rs.25 lakhs and adds another Rs.10 lakhs after one year. B initially invests Rs.35 lakhs and withdraws Rs.10 lakhs after 2 years and C invests Rs.30 lakhs. In what ratio should the profits be divided at the end of 3 years?
A.  10 : 10 : 9 B.    20 : 20 : 19
C.  20 : 19 : 18 D.    None
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6 . A and B started a business jointly. A’s investment was thrice the investment of B and the perkod of his investment was two times the period of investment of B. If B received Rs.4000 as profit, then their total profit is :
A.  Rs.16,000 B.    Rs.20,000
C.  Rs.24,000 D.    Rs.28,000
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7 . A, B and C started a shop by investing Rs.27,000, Rs.72,000 and Rs.81,000 respectively. At the end of the year, the profits were distributed among them. If C’s share of profit be Rs.36,000, then the total profit was :
A.  Rs.80,000 B.    Rs.95,600
C.  Rs.1,08,000 D.    Rs.1,16,000
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8 . A and B are partners in a business. A contributes $1 \over 4$ of the capital for 15 months and B received $2 \over 3$ of the profit. For how long B’s money was used?
A.  6 months B.    9 months
C.  10 months D.    1 year
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9 . A, B, C enter into a partnership investing Rs.35,000, Rs.45,000 and Rs.55,000 respectively. The respective shares of A, B, C in an annual profit of Rs.40,500 are :
A.  Rs.10,500, Rs.13,500, Rs.16,500 B.    Rs.11,500, Rs.13,000, Rs.16,000
C.  Rs.11,000, Rs.14,000, Rs.15,500 D.    Rs.11,500, Rs.12,500, Rs.16,500
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