Partnership
1. A and B are partners in a business . A contributes of the capital fo 15 months and B received of the profit .Find for how long B’S money was used.
(a) 6 months
(b) 8 months
(c)10 months
(d)12 months
Answer: (c)
Explanation:
Let B contributor of the capital for x months.
According to the questions,
X=10 months
2. A starts business with Rs.7000 and after 5 months, B joined as a partner .After a year the profit is divided in the ratio 2:3. The capital of B is,
(a)Rs.10000
(b)Rs.6500
(c)Rs.18000
(d)Rs.9000
Answer: (c)
Explanation:
Let the Capital of B is Rs.x
According to the question,
3×12000=2x
= Rs.18000
3. In a business partnership among A,B,C and D, the profit is shared as follows
If the total is Rs.400000,the share of c is,
(a)Rs.112500
(b)Rs.137500
(c)Rs.90000
(d)Rs.270000
Answer: (c)
Explanation:
Given,
A:B =1:3
B:c= 1:3
C:D= 1:3
A:B:C:D=
=1:3:9:27
Let the profits of A,B,C,D are x,3x,9x,27x respectively.
Partnership of C =
×400000
= Rs.9000
4. A started a business with a capital Rs.100000. 1yr later , B joined him with a start of the business ,the profit earned was Rs.84000.The share of B in the profit exceeded the shares of A by
(a) Rs.10000
(b) Rs.12000
(c) Rs.14000
(d) Rs.15000
Answer: (b)
Explanation:
Ratio of equivalent capitals of A and B for 1 month
=100000×36:200000×24
=36:48
=3:4
Part of profit gained by A=
Part of profit gained by B=
Required difference=
×84000
= Rs.12000
5. A,B,C entered into Partnership in a business . A got
of the profit and B and C distributed the remaining profit equally.If C got Rs.400 less than A, the total profit was
(a) Rs. 1600
(b) RS.1200
(c) Rs. 1000
(d) Rs. 800
Answer:(c)
Explanation:
Let the total profit be Rs.x
A’s Share in Profit=Rs.
B’s Share in Profit= Rs.
C’s Share in Profit = Rs.
According to the question,
=400
X=
= Rs. 1000
6. A began business with Rs. 45000 and was joined afterwards by B with Rs.54000.After how many months did B join if the profits at the end of the year were divided in the ratio 2:1?
(a) 4
(b)6
(c)5
(d)7
Answer: (d)
Explanation:
Let B remained in Business for x months.
Ratio of equivalent capitals=45000×12:54000×x
=10:x
2x=10;x=5
Clearly B joined after (12-5)=7 months.
7. Anbu, Madhu, Arul started a business in partnership investing in the ratio of 3:2:5 respectively.At the end of the year , they earned a profit of Rs.45000 which is 15% of their total investment. How much did Madhu invest?
(a) Rs.60000
(b) Rs.180000
(c) Rs.30000
(d) Rs.90000
Answer: (a)
Explanation:
Total investment =
Anbu: Madhu: Arul=3:2:5
Investment of Madhu=
8. A began a business with Rs.2250 and was joined afterwards by B with Rs.2700. If the profits at the end of the year were divided in the ratio of 2:1 , after how much time B joined the business?
(a) 5 months
(b) 6 months
(c) 3 months
(d) 7 months
Answer: (d)
Explanation:
Let B remained in the business for x months.
Then ,
A:B=(2250×12):(2700×X)
=27000:2700X
=10:X
Ratio of Profit,
2x=10
Clearly B joined after 7 months.
9. Alok,Bhism,Chandra hired a meadow jointly for the whole year. Alok put in 80 buffaloes for 10 months, Bhism 100 buffaloes for 5 months and Chandra 150 buffaloes for 4 months .If Alok paid Rs.320 as rent ,what is the total rent for the meadow?
(a) Rs.380
(b) Rs.1520
(c) Rs.760
(d) Rs.1080
Answer:(c)
Explanation:
Number of buffaloes put by Alok for 1 month=10×80=800
Number of buffaloes put by Bhisma for 1 month = 5×100=500
Number of buffaloes put by Chandra for 1 month=4×150=600
Ratio=800:500:600
=8:5:6
Sum of Ratios =8+5+6=19
Total rent for the meadow=
= Rs.760
10. Two partners invest Rs.12500 and 8500 respectively in a business .If one Partner gets Rs. 300 more than the other in the profit, what is the total profit?
(a) Rs.1475
(b) Rs.1575
(c) Rs.1675
(d) Rs.1570
Answer: (b)
Explanation:
Ratio in investments =12500:8500=25:17
Sum of Ratios =25+17=42
Difference of Ratio=25-17=8
Total Profit=
= Rs.1575