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All questions of Partnership for CUET Commerce Exam

A, B and C enter into a partnership. A initially invests Rs. 25 lakhs and adds another Rs. 10 lakhs after one year. B initially invests Rs. 35 lakhs and withdraws Rs. 10 lakhs after 2 years and C invests Rs. 30 lakhs. In what ratio should the profits be divided at the end of 3 years ?
  • a)
    10 : 10 : 9
  • b)
    20 : 20 :19
  • c)
    20 : 19 :18
  • d)
    None of these
Correct answer is option 'D'. Can you explain this answer?

Aarav Sharma answered
Given, A initially invests Rs. 25 lakhs and adds another Rs. 10 lakhs after one year, B initially invests Rs. 35 lakhs and withdraws Rs. 10 lakhs after 2 years and C invests Rs. 30 lakhs.

Let's calculate the investment of A over 3 years.

For the first year, A invests Rs. 25 lakhs and for the next two years, he invests Rs. 35 lakhs.

So, the total investment of A = 25 + 35 + 35 = 95 lakhs.

Similarly, let's calculate the investment of B over 3 years.

For the first two years, B invests Rs. 35 lakhs and for the last year, his investment is Rs. 25 lakhs.

So, the total investment of B = 35 + 35 + 25 = 95 lakhs.

The investment of C over 3 years is Rs. 30 lakhs.

Therefore, the ratio of their investments is 95:95:30, which can be simplified to 19:19:6.

Now, let's calculate the profits for 3 years.

Let P be the total profit for 3 years.

For the first year, A gets 1/3 of the profit, B gets 1/3 of the profit and C gets 1/3 of the profit.

For the next two years, A gets 2/5 of the profit, B gets 2/5 of the profit and C gets 1/5 of the profit.

Therefore, the share of profit for A = (1/3)P + (2/5)P = (11/15)P

The share of profit for B = (1/3)P + (2/5)P = (11/15)P

The share of profit for C = (1/3)P + (1/5)P = (8/15)P

Therefore, the ratio of their profits is (11/15):(11/15):(8/15), which can be simplified to 11:11:8.

Hence, option D, None of these, is the correct answer.

Aman started a business investing Rs. 70000. Rakhi joined him after six months with an amount of Rs. 105000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business ?
  • a)
    7 : 6 : 10
  • b)
    12 : 15 : 16
  • c)
    42 : 45 56
  • d)
    Cannot be determined
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?

Aarav Sharma answered
Let's calculate the profit distribution step by step:

Step 1: Calculate the total investment
- Aman invested Rs. 70,000 for the entire 3-year period.
- Rakhi invested Rs. 1,05,000 for the last 2.5 years.
- Sagar invested Rs. 1,40,000 for the last 1.5 years.

To calculate the total investment, we need to consider the time period for each investment.
- Aman's investment is for the entire 3 years.
- Rakhi's investment is for the last 2.5 years.
- Sagar's investment is for the last 1.5 years.

So, the total investment will be:
Aman's investment = Rs. 70,000 × 3 = Rs. 210,000
Rakhi's investment = Rs. 1,05,000 × 2.5 = Rs. 262,500
Sagar's investment = Rs. 1,40,000 × 1.5 = Rs. 210,000

Total investment = Aman's investment + Rakhi's investment + Sagar's investment
= Rs. 210,000 + Rs. 262,500 + Rs. 210,000
= Rs. 682,500

Step 2: Calculate the profit distribution ratio
The profit distribution ratio is based on the ratio of investments made by Aman, Rakhi, and Sagar.

Aman's share = Aman's investment / Total investment
= Rs. 210,000 / Rs. 682,500
= 7/ 22

Rakhi's share = Rakhi's investment / Total investment
= Rs. 262,500 / Rs. 682,500
= 15 / 44

Sagar's share = Sagar's investment / Total investment
= Rs. 210,000 / Rs. 682,500
= 16 / 45

Therefore, the profit distribution ratio among Aman, Rakhi, and Sagar is 7:15:16.

So, the correct answer is option B) 12:15:16.

A and B started a partnership business investing some amount in the ratio of 3 : 5. C joined then after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C?
  • a)
    3 : 5 : 2
  • b)
    3 : 5 : 5
  • c)
    6 : 10 : 5
  • d)
    Data inadequate
Correct answer is option 'C'. Can you explain this answer?

Gayatri Ahuja answered
Let initial investment of A is 3x and B is 5x, then C investment is also 5x, but most important to note in this question is the time duration of investment
Like, A invested for 12 months, B invested for 12 months and C invested for 6 months.
A : B : C = (3x x 12) : (5x x 12) : (5x x 6)
= 36 : 60 : 30
= 6 : 10 : 5.

Simran started a software business by investing Rs. 50000. After six months, Nanda joined her with a capital of Rs. 80000.After 3 year they earned a profit of Rs 24500 What was Simran's share in the profit?
  • a)
    Rs. 9423
  • b)
    Rs. 10250
  • c)
    Rs. 12500
  • d)
    Rs. 14000
  • e)
    Rs. 10500
Correct answer is option 'E'. Can you explain this answer?

Aarav Sharma answered
Given:
Simran invested Rs. 50000
Nanda invested Rs. 80000 after 6 months

To calculate:
Simran's share in the profit

Solution:
Let's calculate the ratio of their profits.
Simran invested for 12 months, whereas Nanda invested for 6 months only.

Simran's investment = Rs. 50000 x 12 = Rs. 600000
Nanda's investment = Rs. 80000 x 6 = Rs. 480000

Ratio of their investments = 600000:480000 = 5:4

Let the total profit be x
Simran's share in the profit = (5/9) x

Now, let's substitute the value of x
Total profit = profit of Simran + profit of Nanda
x = (5/9) x + (4/9) x

Simplifying this equation, we get
(4/9) x = Rs. 10500

Therefore, Simran's share in the profit = (5/9) x (Total profit) = (5/9) x Rs. 10500 = Rs. 5833.33

Hence, the closest option to the calculated answer is option E, Rs. 10500.

Subhash starts a business by investing Rs. 25000. 6 months later Aditya joins him by investing Rs. 15000. After another 6 months Aditya invests an additional amount of Rs. 15000. At the end of 3 years they earn a profit of Rs. 247000. What is Aditya's share in the profit ?
  • a)
    Rs. 105000
  • b)
    Rs. 111500
  • c)
    Rs. 123000
  • d)
    Rs. 130000
  • e)
    None of these
Correct answer is option 'E'. Can you explain this answer?

Aarav Sharma answered
Given:
Subhash's investment = Rs. 25000
Aditya's investment after 6 months = Rs. 15000
Aditya's additional investment after another 6 months = Rs. 15000
Total time = 3 years
Total profit = Rs. 247000

Solution:
Let's calculate the total profit share of both Subhash and Aditya.

Subhash's profit share:
Subhash invested for the entire 3 years. Hence, his share in the profit will be calculated based on his investment.

Subhash's profit share = (25000/50000) * 247000
= Rs. 123500

Aditya's profit share:
Aditya invested Rs. 15000 after 6 months and Rs. 15000 after another 6 months. Hence, his investment will be considered for 2.5 years (from 6 months to 3 years).

Aditya's investment for 2.5 years = (15000/2) * 2.5
= Rs. 18750

Aditya's total investment = Rs. 15000 + Rs. 18750
= Rs. 33750

Aditya's profit share = (33750/50000) * 247000
= Rs. 166950

Therefore, Aditya's share in the profit is Rs. 166950. Option E is the correct answer.

Dilip, Ram and Avtar started a shop by investing Rs. 2700, Rs. 8100 and Rs. 7200 respectively. At the end of one year, the profit earned was distributed. If Ram's share was Rs. 3600, what was their total profit ?
  • a)
    Rs. 8000
  • b)
    Rs. 10800
  • c)
    Rs. 11600
  • d)
    Data inadequate
Correct answer is option 'A'. Can you explain this answer?

Aarav Sharma answered
Given:
Investment by Dilip = Rs. 2700
Investment by Ram = Rs. 8100
Investment by Avtar = Rs. 7200
Profit earned by Ram = Rs. 3600

To find: Total profit earned by Dilip, Ram, and Avtar

Let's assume the total profit earned by Dilip, Ram, and Avtar is P.

As the profit is distributed in proportion to their investments, we can calculate the ratio of their investments.

Ratio of investments:
Dilip : Ram : Avtar = 2700 : 8100 : 7200
Simplifying the ratio, we get:
Dilip : Ram : Avtar = 1 : 3 : 2

Now, let's calculate the profit received by each person.

Profit received by Dilip = (Dilip's investment / Total investment) * Total profit
Profit received by Dilip = (2700 / (2700 + 8100 + 7200)) * P
Profit received by Dilip = (2700 / 18000) * P

Profit received by Ram = (Ram's investment / Total investment) * Total profit
Profit received by Ram = (8100 / (2700 + 8100 + 7200)) * P
Profit received by Ram = (8100 / 18000) * P

Profit received by Avtar = (Avtar's investment / Total investment) * Total profit
Profit received by Avtar = (7200 / (2700 + 8100 + 7200)) * P
Profit received by Avtar = (7200 / 18000) * P

Given that the profit received by Ram is Rs. 3600, we can equate the profit received by Ram to Rs. 3600 and solve for P.

(8100 / 18000) * P = 3600
8100P = 3600 * 18000
P = (3600 * 18000) / 8100
P = 8000

Therefore, the total profit earned by Dilip, Ram, and Avtar is Rs. 8000.

Hence, the correct answer is option A) Rs. 8000.

X and Y are partners in a business. They invest in the ratio 5 : 6, at the end of 8 months X withdraws his capital. If they receive profits in the ratio of 5 : 9. Find how long Y's investment was used ?
  • a)
    12 months
  • b)
    10 months
  • c)
    15 months
  • d)
    14 months
Correct answer is option 'A'. Can you explain this answer?

Aarav Sharma answered
Given:
- X and Y are partners in a business.
- They invest in the ratio 5:6.
- X withdraws his capital at the end of 8 months.
- They receive profits in the ratio 5:9.

To find:
- The duration for which Y's investment was used.

Solution:
Let's assume that X invested 5x and Y invested 6x.

Investment Ratio:
X's investment = 5x
Y's investment = 6x

Profit Sharing Ratio:
X's profit share = 5
Y's profit share = 9

Calculation:
Since X withdraws his capital after 8 months, his investment is used for 8 months. Therefore, the ratio of their investments for the remaining duration is:

X's investment = 5x (for 8 months)
Y's investment = 6x (for the remaining months)

The profit sharing ratio is given as 5:9, which means that the ratio of their investments is equal to the ratio of their profit shares. So, we can set up the following equation:

5x/8 = 5/9

Cross-multiplying:
45x = 40

Dividing by 45:
x = 40/45
x = 8/9

Calculating Y's investment:
Y's investment = 6x
Y's investment = 6 * (8/9)
Y's investment = 48/9
Y's investment = 16/3

Calculating the duration for which Y's investment was used:
Since X's investment was used for 8 months, Y's investment was used for the remaining duration:

Total duration - X's duration = Y's duration
12 months - 8 months = 4 months

Therefore, Y's investment was used for 4 months.

Conclusion:
The duration for which Y's investment was used is 4 months, which is equivalent to option A.

A, B, C started a business with their investments in the ratio 1 : 3 : 5. After 4 months, A invested the same amount as before and B as well as C withdrew half of their investments. The ratio of their profits at the end of the year is ?
  • a)
    4 : 3 : 5
  • b)
    5 : 6 : 10
  • c)
    6 : 5 : 10
  • d)
    10 : 5 : 6
Correct answer is option 'B'. Can you explain this answer?

Aarav Sharma answered
Given:
- Investments ratio of A, B, C = 1:3:5
- After 4 months:
- A invests the same amount as before
- B and C withdraw half of their investments

To find: Ratio of their profits at the end of the year

Solution:
Let's assume the initial investments of A, B, and C as x, 3x, and 5x respectively.

Investments:
- Initial investments:
- A = x
- B = 3x
- C = 5x

- After 4 months:
- A invests the same amount as before = x
- B withdraws half of the investment = 3x/2
- C withdraws half of the investment = 5x/2

Effective Investments:
- After 4 months:
- A = x + x = 2x
- B = 3x - 3x/2 = 3x/2
- C = 5x - 5x/2 = 5x/2

Profit Sharing:
- The profit of a business is usually shared in proportion to the investments made by the partners.

- The ratio of their profits will be equal to the ratio of their effective investments.

Ratio of Profits:
- Ratio of their profits at the end of the year:
- A : B : C = 2x : 3x/2 : 5x/2

Simplifying the Ratio:
- To simplify the ratio, we multiply each part by the least common multiple (LCM) of the denominators, which is 2.
- A : B : C = 2x * 2 : 3x/2 * 2 : 5x/2 * 2
- A : B : C = 4x : 3x : 5x
- A : B : C = 4 : 3 : 5

Answer:
The ratio of their profits at the end of the year is 4 : 3 : 5 (option B).

A starts a business by investing Rs. 28000. After 2 months, B joins with Rs. 20000 and after another 2 months C joins with Rs. 18000. At the end of 10 months from the start of the business, if B withdraws Rs. 2000 and C withdraws Rs. 2000, in what ratio should the profit be distributed among A, B and C at the end of the year ?
  • a)
    12 : 7 : 5
  • b)
    12 : 9 : 5
  • c)
    12 : 6 : 3
  • d)
    14 : 7 : 5
Correct answer is option 'A'. Can you explain this answer?

A invests money for 12 months
B invests money for 10 months
C invests money for 8 months
Ratio of profit of A to B to C
= 28000 × 12:20000 × 8 + 18000 × 2 : 18000 × 6 + 16000 × 2
= 28 × 12 × 1000 : (160 + 36) × 1000 : (108 + 32) × 1000
= 28 × 12 : 160 + 36 : 108 + 32
= 336 : 196 : 140
= 12 : 7 : 5

Two friends P and Q started a business investing in the ratio 5 : 6. R joined them after six months investing an amount equal to that of Q's. At the end of the year, 20% profit was earned which was equal to Rs. 98000. What was the amount invested by R?
  • a)
    Rs. 105000
  • b)
    Rs. 175000
  • c)
    Rs. 210000
  • d)
    Data inadequate
Correct answer is option 'C'. Can you explain this answer?

Aarav Sharma answered
Given:
- P and Q started a business investing in the ratio 5:6
- R joined them after six months and invested an amount equal to that of Q's investment
- At the end of the year, a 20% profit was earned, which was equal to Rs. 98000

To find:
- The amount invested by R

Let's assume:
- The initial investments of P and Q are 5x and 6x respectively
- The amount invested by R is also 6x (equal to Q's investment)

Calculating the total investment:
- P's investment for the entire year = 5x * 12 = 60x
- Q's investment for the entire year = 6x * 12 = 72x
- R's investment for the entire year = 6x * 6 = 36x (as R joined after six months)

Total investment for the year = P's investment + Q's investment + R's investment
= 60x + 72x + 36x
= 168x

Calculating the profit earned:
- Profit = 20% of the total investment
= (20/100) * 168x
= 33.6x

Given that the profit earned is equal to Rs. 98000:
33.6x = 98000

Solving for x:
x = 98000 / 33.6
x ≈ 2916.67

Calculating the amount invested by R:
R's investment = 6x
= 6 * 2916.67
≈ Rs. 17500

Therefore, the amount invested by R is approximately Rs. 175000.

A, B, C subscribe Rs. 50,000 for a business. A subscribes Rs. 4000 more than B and B Rs. 5000 more than C. Out of a total profit of Rs. 35,000, A receives
  • a)
    Rs. 8400
  • b)
    Rs. 11,900 
  • c)
    Rs. 13,600
  • d)
    Rs. 14,700
Correct answer is option 'D'. Can you explain this answer?

Debanshi Patel answered
Let C = x.
Then, B = x + 5000 and A = x + 5000 + 4000 = x + 9000
So, x + x + 5000 + x + 9000 = 50000
⇒ 3x = 36000
⇒ x = 12000
A : B : C = 21000 : 17000 : 12000 = 21 : 17 : 12
So A's Share

Rahul and Bharti are partners in a business. Rahul contributes  1/4th capital for 15 months and Bharti received 2/3 of profit. For how long Bharti money was used.
  • a)
    8 months
  • b)
    10 months
  • c)
    11 months
  • d)
    17 months
Correct answer is option 'B'. Can you explain this answer?

Sagar Sharma answered
Problem:
Rahul and Bharti are partners in a business. Rahul contributes 1/4th capital for 15 months and Bharti received 2/3 of profit. For how long Bharti money was used.

Solution:
To solve this problem, we need to calculate the ratio of the capital contributed by Rahul and Bharti, and then use this ratio to find the duration for which Bharti's money was used.

Step 1: Calculate the ratio of capital contributed by Rahul and Bharti
- Let's assume that Rahul contributed R amount of capital.
- According to the problem, Bharti contributed 1/4th of the total capital and the remaining 3/4th capital was contributed by Rahul.
- Therefore, Bharti's capital = (1/4) * Total capital = (1/4) * (3/4) * R = 3/16 * R

Step 2: Calculate the duration for which Bharti's money was used
- Let's assume that Bharti's money was used for 'x' months.
- According to the problem, Bharti received 2/3 of the profit.
- Therefore, Bharti's share of the profit = (2/3) * Total profit
- Since profit is directly proportional to the duration for which the money is used, we can write:
Bharti's share of the profit / Rahul's share of the profit = Duration for which Bharti's money was used / Duration for which Rahul's money was used
(2/3) / (1/3) = x / 15
2/1 = x / 15
x = 30/1 = 30 months

Therefore, Bharti's money was used for 30 months. However, the options provided in the question do not include 30 months. So, we need to find the closest option to 30 months.

Step 3: Find the closest option to 30 months
- The options provided are:
a) 8 months
b) 10 months
c) 11 months
d) 17 months

- The closest option to 30 months is 10 months, which is option b.

Therefore, the correct answer is option b) 10 months.

Sumit and Ravi started a business by investing Rs 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.
  • a)
    17 : 1
  • b)
    17 : 2
  • c)
    17 : 3
  • d)
    17 : 4
Correct answer is option 'C'. Can you explain this answer?

Abhishek Mehra answered
Note: If you have clear concept of ratio and proportion chapter then it will really easy for you to solve partnership problems.
P : Q = 85000 : 15000 = 17 : 3
Important to note there that if both have invested for different period of times then we had to multiply with number of months to get the desired ratio.

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