Partnerships Quiz Set 001

Question 1

A, B and C start a partnership business. A invests Rs. 900 and C invests Rs. 600. What should B have invested if it wanted to earn a share of Rs. 400 in the annual profit of Rs. 800?

A

Rs. 750.

B

Rs. 850.

C

Rs. 650.

D

Rs. 950.

Soln.
Ans: a

By inspection, the desired share is 1/2 of the annual profit. So B should have contributed half of the capital, which is \${900 + 600}/2\$ = Rs. 750.

Question 2

A, B and C start a partnership business by investing equal amounts of money. What would be the share of B if the annual profit is Rs. 3600, and the time for which they invested are in an AP?

A

Rs. 1200.

B

Rs. 1300.

C

Rs. 1100.

D

Rs. 1400.

Soln.
Ans: a

Let the times be a - d, a and a + d. The amounts are same but times are different. So the share should be in the ratio of times. Share of B = \$(time of B)/(sum of times)\$ × 3600 = \$a/{3a}\$ × 3600 = Rs. 1200.

Question 3

A and B invest in a business in the ratio 9 : 19. It was decided that any loss would be shared in the inverse ratio of the investments. If the total loss is Rs. 16800, what is the burden on A?

A

Rs. 11400.

B

Rs. 11500.

C

Rs. 11300.

D

Rs. 11600.

Soln.
Ans: a

The loss is divided in the inverse ratio as their shares. So A's loss = \$19/{9 + 19}\$ × 16800 = Rs. 11400.

Question 4

A, B and C start a partnership business by investing in the ratio 4:5:3. It was agreed that (1/3)rd of the profit would be divided equally, and the remaining proportionately. What is B's share in a profit of Rs. 18000?

A

Rs. 7000.

B

Rs. 7100.

C

Rs. 6900.

D

Rs. 7200.

Soln.
Ans: a

Profit to be proportioned is \$(2 × 18000)/3\$ = 12000. B's share in this is \$(5 × 12000)/(4 + 5 + 3)\$ = Rs. 5000. To this add 1/9 of the profit = 18000/9 = 2000. The total share = Rs. 7000.

Question 5

It was agreed that A would invest Rs. 7000 for 1 months and B would invest Rs. 10000 for 11 months. What will be the share of A in an annual profit of Rs. 46800?

A

Rs. 2800.

B

Rs. 2900.

C

Rs. 2700.

D

Rs. 3000.

Soln.
Ans: a

The profits are shared in the ratio of money-months contributed by the partners. Money-months contributed by A are 7000 × 1 = 7000, whereas those by B are 10000 × 11 = 110000. The ratio of these money-months is 7:110. This is the ratio in which the profits would be divided. A's share = 46800 × \$7/{7 + 110}\$ = Rs. 2800. This Blog Post/Article "Partnerships Quiz Set 001" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2019-08-18.