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Partnership Test-1

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Partnership Test-1
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Weekly Quiz Competition
  • Question 1
    1 / -0.25

    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?

    Solution

    Let their investments be Rs. x for 14 months, Rs. y for 8 months and Rs. z for 7 months respectively.
    Then, 14x : 8y : 7z = 5 : 7 : 8.
    Now,

  • Question 2
    1 / -0.25

    Three partners A , B , C start a business . B 's Capital is four times C 's capital and twice A 's capital is equal to thrice B 's capital . If the total profit is Rs 16500 at the end of a year ,Find out B 's share in it.

    Solution

    Suppose C 's capital = x then
    B 's capital = 4x (Since B 's Capital is four times C 's capital)
    A 's capital = 6x ( Since twice A 's capital is equal to thrice B 's capital)
    A : B : C =6x : 4x : x
    = 6 : 4 : 1
    B 's share

  • Question 3
    1 / -0.25

    Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?

    Solution

    Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
    So Kamal : Sameer = (9000 ×12) : (8000 ×7)
    = 108 : 56
    = 27 : 14
    Sameer Ratio in profit will be  

  • Question 4
    1 / -0.25

    P and Q invested in a business. The profit earned was divided in the ratio 2 : 3. If P invested Rs 40000, the amount invested by Q is

    Solution

    Let the amount invested by Q = q.

  • Question 5
    1 / -0.25

    If 4 (P 's Capital ) = 6 ( Q 's Capital ) = 10 ( R 's Capital ) , then out of the total profit of Rs 4650 , R will receive

    Solution

    Let
    P 's capital = p,
    Q 's capital = q and
    R 's capital = r.
    Then

  • Question 6
    1 / -0.25

    A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

    Solution

    A:B:C
    =(10 ×7):(12 ×5):(15 ×3)
    =70:60:45
    =14:12:9

  • Question 7
    1 / -0.25

    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 157300 was their profit, how much amount did B receive?

    Solution

    Assume that investment of C = x
    Then, investment of A = 2x

  • Question 8
    1 / -0.25

    A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B 's share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

    Solution

    A : B : C
    = (20,000 ×24) : (15,000 ×24) : (20,000 ×18)
    = 4 : 3 : 3.
    So B 's Share
    total share 4+3+3 = 10
    B share would be 3/10

  • Question 9
    1 / -0.25

    P, Q, R enter into a partnership. P initially invests 25 lakh &adds another 10 lakhs after one year. Q initially invests 35 lakh &withdrawal 10 lakh after 2 years and R invests Rs 30 Lakhs . In what ratio should the profit be divided at the end of 3 years?

    Solution

    P : Q : R
    = (25 ×1 + 35 ×2) : (35 ×2 : 25 ×1) : (30 ×3)
    = 95 : 95 : 90
    = 19 : 19: 18

  • Question 10
    1 / -0.25

    A, B, C subscribe Rs. 50,000 for a business. A subscribes Rs. 4000 more than B and B Rs. 5000 more than C. Out of a total profit of Rs. 35,000, A receives

    Solution

    Let C = x.
    Then, B = x + 5000 and A = x + 5000 + 4000 = x + 9000
    So, x + x + 5000 + x + 9000 = 50000
    ⇒3x = 36000
    ⇒x = 12000
    A : B : C = 21000 : 17000 : 12000 = 21 : 17 : 12
    So A 's Share

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