Description

This mock test of Partnership MCQ for CLAT helps you for every CLAT entrance exam.
This contains 12 Multiple Choice Questions for CLAT Partnership MCQ (mcq) to study with solutions a complete question bank.
The solved questions answers in this Partnership MCQ quiz give you a good mix of easy questions and tough questions. CLAT
students definitely take this Partnership MCQ exercise for a better result in the exam. You can find other Partnership MCQ extra questions,
long questions & short questions for CLAT on EduRev as well by searching above.

QUESTION: 1

A, B, C are partners in a business. During a particular year. A received one-third of the profit, B received one-fourth of the profit and C received the remaining Rs. 5000. How much amount of money did A receive?

Solution:

QUESTION: 2

A and B are partners in a business. A contributes ¼ of the capital for 15 months and B received 2/3 of the profit. For how long B’s money was used.

Solution:

QUESTION: 3

A, B and C invested in the ratio of ½ : 1/3 : 1/4. After 2 months A withdraws half of his capital and after 10 months a profit of Rs. 378 is divided among them. What is B’s share?

Solution:

QUESTION: 4

Nanda started a business investing Rs. 60000. After 3 months Surekha joined her with Rs. 80000. If the profit at the end of the year is Rs. 3780.50. then what is the difference in their shares

Solution:

QUESTION: 5

X and Y start business. X invested Rs. 3000 for 4 months, Y invested Rs. 2000 for 6 months. How much should X be paid out of a total profit of Rs. 500?

Solution:

QUESTION: 6

Abhishek started a business with a sum of Rs. 50000. After a year, he again invested Rs. 30000, and made Sudhir his partner who invested 70000. At the end of 3 years, total profit was Rs. 87500. What is the share of Sudhir?

Solution:

QUESTION: 7

Hari and Prashad started a business investing amount in the ratio of 2 : 3 respectively. If Hari had invested Rs. 10000 more, the ratio of Hari’s investment to Prashad would have been 3 : 2. What was the amount invested by Hari.

Solution:

QUESTION: 8

A and B invested in trade. They earned some profit which they divided in the ratio 2 : 3 of their investments. If A invested Rs. 40, then the amount invested by B is

Solution:

QUESTION: 9

Ram, Atul and Deepak entered into a partnership. Ram invested Rs. 6500 for 6 months, Atul invested Rs. 8400 for 5 months, Deepak invested 10000 for 3 months. Ram is a working partner and gets 5% of the total profit for the same. Find the share of Deepak in a total profit of Rs. 7400.

Solution:
Ratio of profits in partnership is amount invested*time of A :amount invested*time of B:amount invested*time of C

so 6500*6:8400*5:10000*3

on simplification we get 13:14:10

so, let share of each member be and hence 13x 14x& 10x

share of ram is 13x/37 which is 5% of 7400

7400 - 5%of 7400 = 7030

deepak is 10x/37 so his share is 10/37th of 7030 which7030*10/37 which is 1900

QUESTION: 10

A began business with Rs. 45000 and B joined afterward with Rs. 30000. At the end of a year the profit is divided in the ratio 2 : 1. When did B join.

Solution:

QUESTION: 11

A and B enter into partnership. A invested Rs. 28000 for 10 months and B remained in the business for 2 months. Out of total profit B claims 2/9 profit. Therefore B contributed

Solution:

QUESTION: 12

A, B and C enter into partnership. They invest Rs. 40000, Rs. 80000 and Rs. 120000 respectively. At the end of the year B withdraws Rs. 40000 while at the end of 2nd year C withdraws Rs. 80000. In what ratio will the profit be shared after 3 years?

Solution:

### MCQ - Introduction to Partnership Accounts

Doc | 52 Pages

### MCQ - Basics of Partnership (Part - 2)

Doc | 13 Pages

### MCQ 3.1 - Basics of Partnership (Part - 1)

Doc | 38 Pages

### MCQ - Treatment of goodwill in Partnership Accounts

Doc | 8 Pages

- Partnership MCQ
Test | 12 questions | 10 min

- Partnership Test
Test | 5 questions | 10 min

- Test: Partnership 2
Test | 20 questions | 20 min

- Test: Dissolution Of Partnership - 2
Test | 20 questions | 20 min

- Test: Partnership 3
Test | 20 questions | 20 min