partnership MCQs – Page 2

Practise focused partnership questions with marked answers for exam preparation and subject revision.

partnership Mcqs

21. P and Q started a business with respective investments of Rs. 4 lakhs and Rs. 10 lakhs. As P runs the business, his salary is Rs. 5000 per month. If they earned a profit of Rs. 2 lakhs at the end of the year, then find the ratio of their earnings?
0

A. 2:05

B. 3:05

C. 1 : 1

D. 5:02

E. None of these

22. A began a business with Rs. 85,000. He was joined afterwards by B with Rs. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1?
0

A. 8 months

B. 6 months

C. 5 months

D. 4 months

23. A, B, C together started a business. A invested Rs.6000 for 5 months B invested Rs.3600 for 6 months and C Rs.7500 for 3 months. If they get a total profit of Rs.7410. Find the share of A?
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A. Rs.3000

B. Rs.2160

C. Rs.3200

D. Rs.3750

24. A and B start a business, with A investing the total capital of Rs.50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs.1500 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?
0

A. 50000

B. 59000

C. 58000

D. 53000

25. A began business with Rs.45000 and was joined afterwards by B with Rs.5400. When did B join if the profits at the end of the year were divided in the ratio of 2:1?
0

A. 7 months

B. 4 months

C. 6 months

D. 9 months

26. A and B put in Rs.300 and Rs.400 respectively into a business. A reinvests into the business his share of the first years profit of Rs.210 where as B does not. In what ratio should they divide the second years profit?
0

A. 39:40

B. 40:39:00

C. 4:03

D. 3:04

27. A and B enter into partnership with capital as 7:9. At the end of 8 months, A withdraws. If they receive the profits in the ratio of 8:9 find how long Bs capital was used?
0

A. 6 months

B. 8 months

C. 10 months

D. 7 months

28. A and B start a business jointly. A invests Rs.16000 for 8 months and B remains in the business for 4 months. Out of the total profit B claims 2/7th share. How much money is contributed by B?
0

A. Rs.12800

B. Rs.10000

C. Rs.6000

D. Rs.8000

29. 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?
0

A. Rs. 3690

B. Rs. 1883.78

C. Rs. 3864

D. Rs. 2380

30. A is a working partner and B is a sleeping partner in the business. A puts in Rs.15000 and B Rs.25000, A receives 10% of the profit for managing the business the rest being divided in proportion of their capitals. Out of a total profit of Rs.9600, money received by A is?
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A. Rs.3800

B. Rs.3600

C. Rs.4200

D. Rs.3240

31. A started a business with an investment of Rs. 70000 and after 6 months B joined him investing Rs. 120000. If the profit at the end of a year is Rs. 52000, then the share of B is?
0

A. Rs. 26000

B. None of these

C. Rs. 28000

D. Rs. 30000

E. Rs. 24000

32. A, B and C started a business with capitals of Rs. 8000, Rs. 10000 and Rs. 12000 respectively. At the end of the year, the profit share of B is Rs. 1500. The difference between the profit shares of A and C is?
0

A. None of these

B. Rs. 400

C. Rs. 500

D. Rs. 300

E. Rs. 600

33. A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?
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A. Rs.8000, Rs.17000

B. Rs.18000, Rs.7000

C. Rs.9000, Rs.16000

D. Rs.10000, Rs.15000

34. P and Q started a business investing Rs. 85,000 and Rs. 15,000 respectively. In what ratio the profit earned after 2 years be divided between P and Q respectively?
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A. 17:23

B. 15:23

C. 3:04

D. None of these

E. 3:05

35. A and B invests Rs.3000 and Rs.4000 respectively in a business. If A doubles his capital after 6 months. In what ratio should A and B divide that years profit?
0

A. 9:10

B. 9:8

C. 3:04

D. 39:49:00

36. A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?
0

A. Rs.14000

B. Rs.17000

C. Rs.18000

D. Rs.15000

37. Four car rental agencies A, B, C and D rented a plot for parking their cars during the night. A parked 15 cars for 12 days, B parked 12 cars for 20 days, C parked 18 cars for 18 days and D parked 16 cars for 15 days. If A paid Rs. 1125 as rent for parking his cars, what is the total rent paid by all the four agencies?
0

A. Rs. 6150

B. Rs. 4500

C. Rs. 5250

D. Rs. 4800

E. None of these

38. A, B and C are partners. A receives 2/3 of profits, B and C dividing the remainder equally. As income is increased by Rs.200 when the rate to profit rises from 5 to 7 percent. Find the Capital of B?
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A. Rs.2450

B. Rs.3600

C. Rs.3100

D. Rs.2500

39. A and B rent a pasture for 10 months. A put in 80 cows for 7 months. How many can B put in for the remaining 3 months, if he pays half as much again as A?
0

A. 180

B. 200

C. 280

D. 120

40. If 6 (As capital) = 8 (Bs capital) = 10 (Cs capital). Then the ratio of their capitals is:
0

A. 3:04:05

B. 6:08:10

C. 12:15:20

D. 20:15:12

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