Partnerships Quiz Set 003

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Question 1

Three investors, A, B and C, start a business with contributions in the ratio 4:5:9. What is the share of A if the annual profit is Rs. 7200?

 A

Rs. 1600.

 B

Rs. 1700.

 C

Rs. 1500.

 D

Rs. 1800.

Soln.
Ans: a

The profits are divided in proportion to the amount invested by each party. A's share = $4/{4 + 5 + 9}$ × 7200 = Rs. 1600.


Question 2

X starts a business with a capital of Rs. 800. Some months later Y joins him with a capital of Rs. 200. For how much period does Y join if the profits are shared in the ratio 16 : 1?

 A

3.

 B

4.

 C

2.

 D

5.

Soln.
Ans: a

Money-months of X are 800 × 12 = 9600. If money-months of X are 16 then money-months of Y are 1. So, if money-months of X are 9600, money-months of Y are $1/16 × 9600$, which gives months of Y = ${1 × 9600}/{16 × 200}$ = 3 months.


Question 3

A, B and C start a partnership business. A invests Rs. 400 and C invests Rs. 500. What should B have invested if it wanted to earn a share of Rs. 250 in the annual profit of Rs. 500?

 A

Rs. 450.

 B

Rs. 550.

 C

Rs. 350.

 D

Rs. 650.

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 ${400 + 500}/2$ = Rs. 450.


Question 4

A starts a venture with Rs. 50. After 7 months B also joins him. At the end of the year, the profits were shared in the ratio 5 : 19. What was the investment of B?

 A

Rs. 456.

 B

Rs. 556.

 C

Rs. 356.

 D

Rs. 656.

Soln.
Ans: a

Money-months contributed contributed by A = 50 × 12 = 600. So money months of B should be $19/5 × 600$, therefore, money of B = $19/5 × 600/5$ = Rs. 456.


Question 5

A and B invest in a business in the ratio 6 : 19. It was decided that any loss would be shared in the inverse ratio of the investments. If the total loss is Rs. 7500, what is the burden on A?

 A

Rs. 5700.

 B

Rs. 5800.

 C

Rs. 5600.

 D

Rs. 5900.

Soln.
Ans: a

The loss is divided in the inverse ratio as their shares. So A's loss = $19/{6 + 19}$ × 7500 = Rs. 5700.


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This Blog Post/Article "Partnerships Quiz Set 003" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2017-05-17.

Posted by Parveen(Hoven),
Aptitude Trainer


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