Partnerships Quiz Set 005

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Question 1

The investments of three partners are in an AP. Their venture makes an annual profit of Rs. 2700. What is the share of the partner who neither invested the most nor the least?

 A

Rs. 900.

 B

Rs. 1000.

 C

Rs. 800.

 D

Rs. 1100.

Soln.
Ans: a

Let the investments be a - d, a and a + d. The sum of these investments = 3a. The share of the middle partner would be a/3a = (1/3)rd of the profit = $2700/3$ = Rs. 900.


Question 2

A, B and C start a partnership business by investing equal amounts of money. What would be the share of B if the annual profit is Rs. 4800, and the time for which they invested are in an AP?

 A

Rs. 1600.

 B

Rs. 1700.

 C

Rs. 1500.

 D

Rs. 1800.

Soln.
Ans: a

Let the times be a - d, a and a + d. The amounts are same but times are different. So the share should be in the ratio of times. Share of B = $(time of B)/(sum of times)$ × 4800 = $a/{3a}$ × 4800 = Rs. 1600.


Question 3

It was agreed that A would invest Rs. 6000 for 2 months and B would invest Rs. 10000 for 10 months. What will be the share of A in an annual profit of Rs. 5600?

 A

Rs. 600.

 B

Rs. 700.

 C

Rs. 500.

 D

Rs. 800.

Soln.
Ans: a

The profits are shared in the ratio of money-months contributed by the partners. Money-months contributed by A are 6000 × 2 = 12000, whereas those by B are 10000 × 10 = 100000. The ratio of these money-months is 3:25. This is the ratio in which the profits would be divided. A's share = 5600 × $3/{3 + 25}$ = Rs. 600.


Question 4

Three investors, A, B and C, start a business with contributions in the ratio 1:3:5. What is the share of A if the annual profit is Rs. 7200?

 A

Rs. 800.

 B

Rs. 900.

 C

Rs. 700.

 D

Rs. 1000.

Soln.
Ans: a

The profits are divided in proportion to the amount invested by each party. A's share = $1/{1 + 3 + 5}$ × 7200 = Rs. 800.


Question 5

X and Y start a venture with investments of Rs. 700 and Rs. 500. After 5 months Z joins with Rs. 600. What is Z's share in the annual profit of Rs. 18600?

 A

Rs. 4200.

 B

Rs. 4300.

 C

Rs. 4100.

 D

Rs. 4400.

Soln.
Ans: a

Sum of the money months is 700 × 12 + 500 × 12 + 600 × 7 = 18600. Share of Z = ${600 × 7}/18600$ × 18600 = Rs. 4200.


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This Blog Post/Article "Partnerships Quiz Set 005" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2017-04-07.

Posted by Parveen(Hoven),
Aptitude Trainer


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