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Test: Partnership 2


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20 Questions MCQ Test Quantitative Techniques for CLAT | Test: Partnership 2

Test: Partnership 2 for CLAT 2022 is part of Quantitative Techniques for CLAT preparation. The Test: Partnership 2 questions and answers have been prepared according to the CLAT exam syllabus.The Test: Partnership 2 MCQs are made for CLAT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Partnership 2 below.
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Test: Partnership 2 - Question 1

A began a business with Rs. 85,000. He was joined afterwards by B with Rs. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1?

Detailed Solution for Test: Partnership 2 - Question 1

Suppose B joined for x months.
Then,

Test: Partnership 2 - Question 2

Aman started a business investing Rs. 70,000. Rakhi joined him after six months with an amount of Rs. 1,05,000 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?

Detailed Solution for Test: Partnership 2 - Question 2

Aman : Rakhi : Sagar
= (70,000 x 36) : (1,05,000 x 30) : (1,40,000 x 24)
= 12 : 15 : 16.

Test: Partnership 2 - Question 3

Arun, Kamal and Vinay invested Rs. 8000, Rs. 4000 and Rs. 8000 respectively in a business. Arun left after six months. If after eight months, there was a gain of Rs. 4005, then what will be the share of Kamal?

Detailed Solution for Test: Partnership 2 - Question 3

Test: Partnership 2 - Question 4

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?

Detailed Solution for Test: Partnership 2 - Question 4

Test: Partnership 2 - Question 5

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.

Detailed Solution for Test: Partnership 2 - Question 5

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.

Test: Partnership 2 - Question 6

Rs. 700 is divided among A, B, C so that A receives half as much as B and B half as much as C. Then C's share is

Detailed Solution for Test: Partnership 2 - Question 6

Test: Partnership 2 - Question 7

Anand and Deepak started a business investing Rs.22,500 and Rs.35,000 respectively. Out of a total profit of Rs. 13,800. Deepak's share is

Detailed Solution for Test: Partnership 2 - Question 7

Ratio of their shares = 22500 : 35000
=9 : 14
Deepak's share

Test: Partnership 2 - Question 8

A started a business with Rs.21,000 and is joined afterwards by B with Rs.36,000. After how many months did B join if the profits at the end of the year are divided equally?

Detailed Solution for Test: Partnership 2 - Question 8

Suppose B joined after x months
then,
21000 × 12 = 36000 × (12 - x)
⇒ 36x = 180
⇒ x = 5

Test: Partnership 2 - Question 9

Nirmal and Kapil started a business investing Rs. 9000 and Rs. 12000 respectively. After 6 months, Kapil withdrew half of his investment. If after a year, the total profit was Rs. 4600, what was Kapil’s share initially ?

Detailed Solution for Test: Partnership 2 - Question 9

Nirmal : Kapil
= 9000 × 12 : (12000 × 6 + 6000 × 6)
= 1 : 1
Kapils share

Test: Partnership 2 - Question 10

Manoj received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs.20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh

Detailed Solution for Test: Partnership 2 - Question 10

Suppose Ramesh invested Rs. x. Then,
Manoj : Ramesh = 20000 * 6 : x × 12.

Test: Partnership 2 - Question 11

Yogesh started a business investing Rs. 45000. After 3 months, Pranab joined him with a capital of Rs. 60000. After another 6 months, Atul joined them with a capital of Rs. 90000. At the end of the year, they made a profit of Rs. 20000. What would be Atuls share in it?

Detailed Solution for Test: Partnership 2 - Question 11

Just take care of the months of investment, rest all will be simple.
Yogesh : Pranab : Atul
= 45000 × 12 : 60000 × 9 : 90000 × 3
= 2 : 2 : 1
Atul's share

Test: Partnership 2 - Question 12

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.

Detailed Solution for Test: Partnership 2 - Question 12


Test: Partnership 2 - Question 13

P and Q started a business investing Rs 85000 and Rs 15000 resp. In what ratio the profit earned after 2 years be divided between P and Q respectively.

Detailed Solution for Test: Partnership 2 - Question 13

In this type of question as time frame for both investors is equal then just get the ratio of their investments.
P : Q = 85000 : 15000
= 85 : 15
= 17 : 3

Test: Partnership 2 - Question 14

A, B and C enter into a partnership investing Rs 35000, Rs 45000 and Rs 55000 resp. The respective share of A,B and C in an annual profit of Rs 40500 are.

Detailed Solution for Test: Partnership 2 - Question 14

Test: Partnership 2 - Question 15

Rahul, Arun and Sumit started a business. Rahul invested part, Arun part and rest of the capital was invested by Sumit. The ratio of their profits will be = ?

Detailed Solution for Test: Partnership 2 - Question 15

Test: Partnership 2 - Question 16

Samaira, Mahira and Kiara rented a set of DVDs at a rent of Rs. 578. If they used it for 8 hours, 12 hours and 14 hours respectively, what is Kiara's share of rent to be paid ?

Detailed Solution for Test: Partnership 2 - Question 16

Test: Partnership 2 - Question 17

P, Q and R invested Rs. 45000, Rs. 70000 and Rs. 90000 respectively to start a business. At the end of 2 years, they earned a profit of Rs.164000. What will be Q's share in the profit ?

Detailed Solution for Test: Partnership 2 - Question 17

Test: Partnership 2 - Question 18

A working partner gets 20% as his commission of the profit after his commission is paid. If the working partner's commission is Rs. 8000, then what is the total profit in the business ?

Detailed Solution for Test: Partnership 2 - Question 18

Test: Partnership 2 - Question 19

We have to divided a sum of Rs. 13950 among three persons A, B and C. B must get the double of A's share and C must get 50 less than the double of B's share. The share of A will be ?

Detailed Solution for Test: Partnership 2 - Question 19

Test: Partnership 2 - Question 20

Prakash, Sachin 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 3 years was Rs. 5 lakh. What will be 50% of Anil's share in the profit ?

Detailed Solution for Test: Partnership 2 - Question 20

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