Partnerships Quiz Set 017

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?

A

Rs. 250.

B

Rs. 350.

C

Rs. 150.

D

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.

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?

A

Rs. 3200.

B

Rs. 3300.

C

Rs. 3100.

D

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.

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?

A

Rs. 2380.

B

Rs. 2381.

C

Rs. 2379.

D

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.

Question 4

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

A

Rs. 20800.

B

Rs. 20801.

C

Rs. 20799.

D

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.

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?

A

Rs. 8500.

B

Rs. 8600.

C

Rs. 8400.

D

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. This Blog Post/Article "Partnerships Quiz Set 017" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2019-08-18.