Partnership Practice Questions

5 questions per page • Detailed step-by-step solutions

Question 21
Medium
Ayush and Anshu decided to start a business and they invested Rs. 5500 and 6250 respectively. After 10 months the difference between their profits is Rs 540. Find the total profit.
A Rs. 7,850
B Rs. 8,240
C Rs. 8,460
D Rs. 8,820
Correct Answer: C

Explanation:

Ratio = 5500 : 6250 = 22 : 25. Total parts = 47. Difference = 25 - 22 = 3 parts = Rs. 540 => 1 part = Rs. 180. Total profit = 47 * 180 = Rs. 8,460.
Question 22
Hard
A and B start a business Rs.75000 and RS.12000. In what ratio of profit earned after 2 years be divided between A and B ?
A 25 : 4
B 20 : 3
C 15 : 2
D 5 : 1
Correct Answer: A

Explanation:

Both invested for equal time (2 years). Ratio = 75,000 : 12,000 = 75 : 12 = 25 : 4.
Question 23
Medium
Siraj and Hiten started a business with investment of Rs. 15000 and Rs. 18000, respectively. After one year, Siraj increased his investment by 10% while Hiten decreased his investment by 10%. At the end of two years, total profit made by the business is Rs. 13140. Find the share of profit of Hiten.
A Rs. 6,480
B Rs. 6,840
C Rs. 7,020
D Rs. 7,200
Correct Answer: B

Explanation:

Siraj = 15k + 16.5k = 31.5k. Hiten = 18k + 16.2k = 34.2k. Ratio Siraj : Hiten = 315 : 342 = 35 : 38. Total parts = 73. Hiten's share = (38 / 73) * 13,140 = 38 * 180 = Rs. 6,840.
Question 24
Easy
Naren received Rs.8000 as his share out of the total profit of Rs.12000 which he and Praba earned at the end of one year. If Naren invested Rs.20,000 for 6 months, whereas Praba invested his amount for the whole year , what was the amount invested by Praba ?
A Rs. 4,000
B Rs. 5,000
C Rs. 6,000
D Rs. 8,000
Correct Answer: B

Explanation:

Naren's profit = 8000, so Praba's profit = 12000 - 8000 = 4000. Ratio of profits Naren : Praba = 8000 : 4000 = 2 : 1. (20,000 * 6) / (P * 12) = 2 / 1 => 120,000 / (12P) = 2 => 10,000 / P = 2 => P = Rs. 5,000.
Question 25
Hard
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.261300 was their profit how much amount did B receive?
A Rs. 78,400
B Rs. 80,400
C Rs. 82,400
D Rs. 84,000
Correct Answer: B

Explanation:

A : C = 2 : 1 = 6 : 3. A : B = 3 : 2 = 6 : 4. So, A : B : C = 6 : 4 : 3. Total parts = 6 + 4 + 3 = 13. B's share = (4 / 13) * 2,61,300 = 4 * 20,100 = Rs. 80,400.