Partnerships Quiz Set 011

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Question 1

X and Y invest in a business in the ratio 7 : 15. If X earns Rs. 4200, what is the profit?

 A

Rs. 13200.

 B

Rs. 13201.

 C

Rs. 13199.

 D

Rs. 13202.

Soln.
Ans: a

If X earns 7, the profit is 7 + 15. Then, if the earning is 4200, profit = ${7 + 15}/7$ × 4200 = Rs. 13200.


Question 2

P and Q invest in a business in the ratio 5 : 13. If 5% of the profit is donated as flood relief, and P gets Rs. 1615, what is the profit?

 A

Rs. 6120.

 B

Rs. 6121.

 C

Rs. 6119.

 D

Rs. 6122.

Soln.
Ans: a

Let the profit be 100. If share of P is 95 × $5/{5 + 13}$, the profit is 100. So if share of P is 1615, the profit should be 100 × ${5 + 13}/5 × 1615/95$ = Rs. 6120.


Question 3

A and B invest in a business in the ratio 5 : 17. It was decided that any loss would be shared in the inverse ratio of the investments. If the total loss is Rs. 11000, what is the burden on A?

 A

Rs. 8500.

 B

Rs. 8600.

 C

Rs. 8400.

 D

Rs. 8700.

Soln.
Ans: a

The loss is divided in the inverse ratio as their shares. So A's loss = $17/{5 + 17}$ × 11000 = Rs. 8500.


Question 4

The investments of three partners are in an AP. Their venture makes an annual profit of Rs. 2400. What is the share of the partner who neither invested the most nor the least?

 A

Rs. 800.

 B

Rs. 900.

 C

Rs. 700.

 D

Rs. 1000.

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 = $2400/3$ = Rs. 800.


Question 5

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 was in the ratio 1:3:8?

 A

Rs. 1200.

 B

Rs. 1300.

 C

Rs. 1100.

 D

Rs. 1400.

Soln.
Ans: a

The amounts are same but times are different. So the share should be in the ratio of times. Share of B = $3/{1 + 3 + 8}$ × 4800 = Rs. 1200.


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This Blog Post/Article "Partnerships Quiz Set 011" 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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