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- Most Important Multiple Choice Questions
- Online Partnership Exercise with Correct Answer Key and Solutions
- Useful for all Competitive Exams
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- Question 1 of 16
1. Question
Three students A, B and C hired a computer for a month. A runs 27 floppy discs for 19 days, B runs 21 for 17 days and C runs 24 for 23 days. If at the end of the month, the rent amounts to Rs 23, 700, how much rent to be paid by C?
Hint
Ratio of rent amount
= 27 × 19 : 21 × 17 : 24 × 23
= 513 : 357 : 552 = 171 : 119 : 184
∴ Rent paid by C
- Question 2 of 16
2. Question
Atul and Babita enter into a business partnership in which Atul contributes Rs 2000 for 9 months and Babita contributes Rs 5000 for 7 months. A profit of Rs 1100 will be divided between Atul and Babita in the ratio of:
Hint
Required ratio of profit distribution
= 2000 × 9 : 5000 × 7 = 18:35
- Question 3 of 16
3. Question
In a business, A, B and C invested Rs 380, Rs 400 and Rs 420 respectively. Divide a net profit of Rs 180 among the partners. Find the share of profit of A, B and C.
Hint
Ratio of their investment = 380 : 400 : 420 = 19 : 20 : 21
∴ A’s profit
;B’s profit
and C’s profit
- Question 4 of 16
4. Question
Radha started a business, investing Rs 75,000. After 3 months, Sunidhi joined her with an amount of Rs 1,25,000 and after another six months Neha joined them with an amount of Rs 1,50,000. Profit earned at the end of three years from when Radha started the business should be distributed in what ratio among Radha, Sunidhi and Neha respectively?
Hint
Ratio of their profits (Radha’s : Sunidhi’s : Neha’s)
= 75 × 36 : 125 × 33 : 150 × 27
= 3 × 36 : 5 × 33 : 6 × 27
= 3 × 12 : 5 × 11 : 6 × 9
= 36 : 55 : 54
- Question 5 of 16
5. Question
Three friends A, B and C started a business by investing a sum of money in the ratio of 5 : 7 : 6. After 6 months C withdraws half of his capital. If the sum invested by ‘A’ is Rs 40,000, out of a total annual profit of Rs 33,000, C’s share will be
Hint
Sum invested by A, B and C is
5 × 12 : 7 × 12 : 6 × 6 + 3 × 6
⇒ 60 : 84 : 54
⇒ 10 : 14 : 9
∴ Share of C
=
- Question 6 of 16
6. Question
Mr Sharad started a business investing Rs 50000. Four months later Mr Praveen joined the business by investing Rs 90000. If the profit in the business at the end of the year was Rs 22000 how much amount would Mr Praveen have received as the profit?
Hint
Ratio of their investment
= 50000 × 12 : 90000 × 8
= 5 : 6
∴ Amount received by Praveen
=
= Rs 12000
- Question 7 of 16
7. Question
Abhijit started a business investing Rs 70000. Anuja joined him after six months with an amount of Rs 105000 and Sunil joined them with Rs 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Abhijit, Anuja and Sunil respectively, three years after Abhijit started the business?
Hint
Ratio of their investments
= 70 × 36 : 105 × 30 : 140 × 24
= 12 : 15 : 16
- Question 8 of 16
8. Question
Hariprasad and Madhusudan started a business, investing sums in the ratio of 2 : 3. If Hariprasad had invested an additional amount of Rs 10,000 the ratio of Hariprasad’s investment to Madhusudan’s investment would have been 3 : 2. What was the amount invested by Hariprasad?
Hint
Let the initial investments of Hariprasad and Madhusudan be 2x and 3x, respectively.
From the question,
⇒ 4x + 20000 = 9x
∴ x = 4000
∴ Amount invested by Hariprasad
= 2x = Rs 8000
- Question 9 of 16
9. Question
Mr Shivkumar started a business, investing Rs 25000 in 1996. In 1997 he invested an additional amount of Rs 10000 and Mr Rakesh joined him with an amount of Rs 35000. In 1998, Mr Shivkumar invested another additional amount of Rs 10000 and Mr Suresh joined them with an amount of Rs 35000. What will be Rakesh’s share in the profit of Rs 150000 earned at the end of three years from the start of the business in 1996?
Hint
Ratio of their investments
= 25,000 × 1 + 35000 × 1 + 45000 × 1 : 35000 × 2 : 35000 × 1
= 3 : 2 : 1.
∴ Rakesh’s share
=
- Question 10 of 16
10. Question
Abhishek started a business investing Rs 50,000. After one year he invested another Rs 30,000 and Sudin also joined him with a capital of Rs 70,000. If the profit earned in three years from the starting of business was Rs 87,500, then find the share of Sudin in the profit.
Hint
Ratio of Abhishek and Sudin for one month
= (50,000 × 36) + (30,000 × 24) : (70,000 × 24)
= (18,00,000 + 7,20,000) : 16,80,000 = 3 : 2
Hence share of Sudin in the profit earned from the business.
=
× 2 = Rs 35,000. - Question 11 of 16
11. Question
Two friends P & Q started a business investing amounts in the ratio of 5 : 6. R joined them after six months investing an amount equal to that of Q’s amount. At the end of the year 20% profit was earned which was equal to Rs 98,000. What was the amount invested by R?
Hint
Ratio for amount invested by P, Q & R
= 5x × 12 : 6x × 12 : 6x × 6
= 60x : 72x : 36x = 5x : 6x : 3x
Profit = 98000
= 20% of T
where, T = Total amount
T = Rs 490000
Effective investment by R
= 490000 × 3x /(5x + 6x + 3x)
= Rs 105000
- Question 12 of 16
12. Question
Rinku and Pooja started a business initially with Rs 5,100 and Rs 6,600 respectively. If the total profit is Rs 2,730 what is Rinku’s share in profit?
Hint
Ratio of the capital of Rinku and Pooja
∴ Rinku’s share
= Rs 1190
- Question 13 of 16
13. Question
A and B started a business by investing Rs 35,000 and Rs 20,000 respectively. B left the business after 5 months and C joined the business with a sum of Rs 15,000. The profit earned at the end of the year is Rs 84,125. What is b’s share of profit?
Hint
Ratio of equivalent capitals of A, B and C for 1 month
= 35000 × 12 : 20000 × 5 : 15000 × 7
= 35 × 12 : 20 × 5 : 15 × 7
= 84 : 20 : 21
Sum of the ratios
= 84 + 20 + 21 = 125
∴ B’s share
= Rs
= Rs 13460
- Question 14 of 16
14. Question
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 45, 000 at the end of the year. What is Manav’s share in the profit?
Hint
Ratio of profit
= 1 × 12 : 2 × 6 : 3 × 4
= 1 : 1 : 1
∴ Manav’s share
=
= Rs 15000
- Question 15 of 16
15. Question
Sarita started a boutique investing an amount of Rs 50,000. Six months later Neeta joined her with an amount of Rs 80,000. At the end of one year they earned a profit of Rs 18, 000. What is Sarita’s share in the profit?
Hint
Ratio of capital
= 50000 × 12 : 80000 × 6
= 5 : 4
∴ Sarita’s share
=
= Rs 10000
- Question 16 of 16
16. Question
Nirmal and Kapil started a business investing Rs 9,000 and Rs 12,000 respectively. After 6 months, Kapil withdrew half of his investment. If after a year, the total profit was Rs 4,600, what was Kapil’s share in it?
Hint
Ratio of capital investment
= 9,000 × 12 : (12,000 × 6) + (6,000 × 6) = 1 : 1
∴ Kapil’s share
