Partnership Quiz For IBPS PO / SBI PO 2017

Q1. Three men A, B and C start a business together. They invest Rs. 30000, Rs. 24000 and Rs. 42000, respectively in the beginning. After 4 months, B took out Rs. 6000 and C took out of Rs. 10000. They get a profit of Rs. 11960 at the end of the year. B’s share in the profit is
(a) Rs. 2700
(b) Rs. 2803
(c) Rs. 2900
(d) Rs. 2785
(e) None of these 


Q2. A, B and C started a shop by investing Rs. 27000, Rs. 81000 and Rs. 72000, respectively. At the end of 1 yr, B’s share in total profit was Rs. 36000. What was the total profit? 
(a) Rs. 108000
(b) Rs. 116000
(c) Rs. 80000
(d) Rs. 92000
(e) None of these 

Q3. Rs. 73689 are divided between A and B in the ratio 4 : 7. What is the difference between twice the share of B and thrice the share of A?   
(a) Rs. 36699
(b) Rs. 46893  
(c) Rs. 20097
(d) Rs. 26796
(e) Rs. 13398 

Q4. Mrudul invested an amount of Rs. 29500 in order to start a business. Shalaka joined her 4 months later by investing an amount of Rs. 33500. If the business earned a profit of Rs. 120575 at the end of 2 yr, what was Mrudul’s share of the profit? 
(a) Rs. 60725
(b) Rs. 61950
(c) Rs. 59250
(d) Rs. 58625
(e) None of these 

Q5. Prakash, Sunil and Anil started a business jointly investing Rs. 11 lakh, Rs. 16.5 lakh and Rs. 8.25 lakh, respectively. The profit earned by, them in the business at the end of three years was Rs. 19.5 lakh. What will be the 50% of Anil’s share in the profit?  
(a) Rs. 4.5 lakh 
(b) Rs. 2.25 lakh 
(c) Rs. 2.5 lakh 
(d) Rs. 3.75 lakh 
(e) None of the above 

Q6. Karan starts a business by investing Rs. 60000. Six months later, Shirish joins him by investing Rs. 100000. At the end of 1 yr from commencement of the business, they earn a profit of Rs. 151800. What is the Shirish’s share in the profit?  
(a) Rs. 55200
(b) Rs. 82800
(c) Rs. 62500
(d) Rs. 96600
(e) None of these 

Q7. X, Y and Z were sharing profits in the ratio 4 : 3 : 2. Y retired from the firm and X and Z decide to share profits in the ratio 3 : 2. Calculate the gaining ratio.  
(a) 7 : 8
(b) 5 : 9 
(c) 4 : 7 
(d) 5 : 8 
(e) None of these 

Q8. Tanvi started a business investing Rs. 45000. After 8 months, Anisha joined her with a capital of Rs. 52000. At the end of the year, the total profit was Rs. 56165. What is the share of profit of Anisha?  
(a) Rs. 21450
(b) Rs. 24440
(c) Rs. 27635
(d) Rs. 31765
(e) None of these

Q9. Ninad, Vikas and Manav enter into a partnership. Ninad invests some amount at the beginning. Vikas invests double the amount after 6 months and Manav invests thrice the amount invested by Ninad after 8 months. They earn a profit of Rs. 45000 at the end of the year. What is Manav’s share in the profit?   
(a) Rs. 25000
(b) Rs. 15000
(c) Rs. 12000
(d) Rs. 9000
(e) None of these 

Q10. Raksha invested an amount of Rs. 60000 to start of software business. After six months, Kamal joined her with an amount of Rs. 90000. After one year from the commencement of the business, Raksha put in an additional amount of Rs. 20000. At the end of 3 yr, they earned a profit of Rs. 7120000. What is Raksha’s share in the profit?  
(a) Rs. 3520000
(b) Rs. 2640000
(c) Rs. 2700000
(d) Rs. 3840000
(e) None of these 


ANSWERS :

S1. Ans.(b)
Sol. Initial shares of A, B and C in the partnership are in the ratio of A : B : C = 30000 : 24000 : 42000 
New shares of A, B and C for 1 yr in the partnership
∴ Share of A = 30000 for 12 months 
= 30000 × 12 = Rs. 360000 
∴ Share of B = 24000 for 4 months + (24000 - 6000) for 8 months 
= 96000 + 144000 = Rs. 240000 
∴ Share of C = 42000 for 4 months + (42000 - 10000) for 8 months 
= 168000 + 256000 = Rs. 424000 
A : B : C = 360000 : 240000 : 424000 
= 360 : 240 : 424 
= 45 : 30 : 53 
This is the case of simple partnership. So, profit is distributed among the investors in the ratio of their invested money. 

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