Partnerships Quiz Set 017 | Maths Aptitude Quiz Questions and Mock Test on Partnerships Set 17 | mock tests for Bank PO, SSB/SSC Exams, SO Clerical Exam, GATE Exam, LIC AO, GIC AO, etc.

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Question 1

A, B and C start a partnership business. A invests Rs. 300 and C invests Rs. 200. What should B have invested if it wanted to earn a share of Rs. 150 in the annual profit of Rs. 300?

Rs. 250.

Rs. 350.

Rs. 150.

Rs. 450.

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 ${300 + 200}/2$ = Rs. 250.

Solution | Discuss! | Chapters»

Question 2

P, Q and R start a venture with investments of Rs. 700, Rs. 900 and Rs. 400. After 8 months R leaves the business. What is R's share in the annual profit of Rs. 22400?

Rs. 3200.

Rs. 3300.

Rs. 3100.

Rs. 3400.

Soln.
Ans: a

Sum of the money months is 700 × 12 + 900 × 12 + 400 × 8 = 22400. Share of R = ${400 × 8}/22400$ × 22400 = Rs. 3200.

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Question 3

P and Q invest in a business in the ratio 2 : 15. If 5% of the profit is donated as flood relief, and P gets Rs. 266, what is the profit?

Rs. 2380.

Rs. 2381.

Rs. 2379.

Rs. 2382.

Soln.
Ans: a

Let the profit be 100. If share of P is 95 × $2/{2 + 15}$, the profit is 100. So if share of P is 266, the profit should be 100 × ${2 + 15}/2 × 266/95$ = Rs. 2380.

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Question 4

X and Y invest in a business in the ratio 7 : 19. If X earns Rs. 5600, what is the profit?

Rs. 20800.

Rs. 20801.

Rs. 20799.

Rs. 20802.

Soln.
Ans: a

If X earns 7, the profit is 7 + 19. Then, if the earning is 5600, profit = ${7 + 19}/7$ × 5600 = Rs. 20800.

Solution | Discuss! | Chapters»

Question 5

A and B invest in a business in the ratio 5 : 17. It was decided that any loss would be shared in the inverse ratio of the investments. If the total loss is Rs. 11000, what is the burden on A?

Rs. 8500.

Rs. 8600.

Rs. 8400.

Rs. 8700.

Soln.
Ans: a

The loss is divided in the inverse ratio as their shares. So A's loss = $17/{5 + 17}$ × 11000 = Rs. 8500.

Solution | Discuss! | Chapters»