MCQ: Partnership - 2 - SSC CGL MCQ

# MCQ: Partnership - 2 - SSC CGL MCQ

Test Description

## 15 Questions MCQ Test Quantitative Aptitude for SSC CGL - MCQ: Partnership - 2

MCQ: Partnership - 2 for SSC CGL 2024 is part of Quantitative Aptitude for SSC CGL preparation. The MCQ: Partnership - 2 questions and answers have been prepared according to the SSC CGL exam syllabus.The MCQ: Partnership - 2 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for MCQ: Partnership - 2 below.
Solutions of MCQ: Partnership - 2 questions in English are available as part of our Quantitative Aptitude for SSC CGL for SSC CGL & MCQ: Partnership - 2 solutions in Hindi for Quantitative Aptitude for SSC CGL course. Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free. Attempt MCQ: Partnership - 2 | 15 questions in 15 minutes | Mock test for SSC CGL preparation | Free important questions MCQ to study Quantitative Aptitude for SSC CGL for SSC CGL Exam | Download free PDF with solutions
MCQ: Partnership - 2 - Question 1

### A and B started a business with Rs. 20,000 and 35,000 respectively. They agreed to share the profit in the ratio of their capital. C joined the partnership with the condition that A , B , C will share profit equally and pays Rs. 2,20,000 as premium for this, to be shared between A and B . This is to be divided between A and B in the ratio of

Detailed Solution for MCQ: Partnership - 2 - Question 1

MCQ: Partnership - 2 - Question 2

### A, B, C started a business by investing Rs.20,000, 25000, 40000 respectively. They decided to receive 10% interest on their capitals and the balance of the profit to be divided equally. If they got Rs 20500 as the annual profit, find the share of C including the interest?

Detailed Solution for MCQ: Partnership - 2 - Question 2

10% of interest on the capitals of A, B & C respectively = 2000, 2500, & 4000

Now the total of interest = 2000 + 2500 + 4000 = 8500
Remaining of the profit after interest on capitals = 20500 – 8500 = 12000

But the remaining of the profit has to be divided equally
So C’s share in it = 12000/3 = 4000

Therefore C’s total share of profit = His interest on capital + his share of profit after interest on capital
= 4000 + 4000 = 8000 (option ‘C’)

 1 Crore+ students have signed up on EduRev. Have you?
MCQ: Partnership - 2 - Question 3

### A, B and C enter into a partnership in the ratio 7/2 : 4/3 : 6/5. After 4 months, A increases his share by 50%. If the total profit at the end of one year be Rs 21,600, then B’s share in the profit is:

Detailed Solution for MCQ: Partnership - 2 - Question 3

Ratio of initial investments = 7/2 : 4/3 : 6/5 = 105 : 40 : 36
Let their initial investments be 1050, 400 and 360
A’s investment after increase of 50% = 1050 + 1050/2 = 1575

Their one month equivalent investments
A = 1050*4 + 1575*8 = 16800
B = 400*12 = 4800
C = 360*12 = 4320
Therefore ratio of their investments = 16800 : 4800 : 4320 = 35 : 10 : 9
Hence, B’s share in the profit = Rs. 21600 x 10/54 = Rs. 4000 (option ‘D’)

MCQ: Partnership - 2 - Question 4

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

Detailed Solution for MCQ: Partnership - 2 - Question 4

Simran invested Rs 50000 for 36 months and Nanda invest Rs 80000 for 30 months
Jitesh’s one month equivalent investment = 50000*36
Rahul’s one month equivalent investment = 80000*30
Thus, ratio of their investments =  = 50000*36 : 80000*30 = 3 : 4
Therefore Jitesh’s share in the profit = 24500 x 3/7 = Rs 10,500 (option ‘D’)

MCQ: Partnership - 2 - Question 5

Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?

Detailed Solution for MCQ: Partnership - 2 - Question 5

Let their investments be Rs x, Rs y and Rs z
Thus their one month equivalent investments = 14x, 8y and 7z
Therefore, 14x : 8y : 7z = 5 : 7 : 8.
Now, 14x/8y = 5/7 => x/y = 40/98 = 20/49
And 8y/7z = 7/8 => y/z = 49/64
Hence, x : y : : y : z = 20 : 49 : : 49 : 64
=> x : y : z = 20 : 49 : 64 (option ‘B’)

MCQ: Partnership - 2 - Question 6

A and B invested Rs 20000 and Rs 30000 respectively and agreed to share profit in the ratio of their capitals. C entered into the partnership with the condition that profit would be divided between A, B and C in the ratio 3 : 4 : 3 for which he paid Rs 50000 as premium; in what ratio would the premium be divided among A and B?

Detailed Solution for MCQ: Partnership - 2 - Question 6

Old ratio of A & B 20,000 : 30,000 = 2 : 3 (They share profit in the ratio of their capitals)
So A’s share is 2/5 and B’s share is 3/5
New Share of A will be in the ratio of 3 : 4 : 3 i.e. A = 3/10; B = 4/10 = 2/5
Now we have to find their sacrificing shares and then the ratio.
Now A’s sacrifice = Old share – New share =>>> 2/5 – 3/10 = 1/10, and B’s sacrifice = 3/5 – 2/5 = 1/5
Hence the ratio in which the premium is be divided between A and B is 1/10 : 1/5 = 1 : 2 (option ‘A’)

MCQ: Partnership - 2 - Question 7

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs 6500 for 6 months, B Rs 8400 for 5 months and C Rs 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

Detailed Solution for MCQ: Partnership - 2 - Question 7

Money received by A for managing the business = 5% of Rs 7400 = Rs 370
Thus, the remaining profit = 7400 – 370 = Rs 7030
You should remember that when the profit sharing ratio is not given, the profit between the partners is distributed in the ratio of their investments/capitals.
But here partners’investments are not comparable as they are given for different periods. In such a case it’s better to find one month equivalent capital so that they become comparable.
Now one month equivalent investment of A = 6500*6 = 39000
One month equivalent investment of B = 8400*5 = 42000
One month equivalent investment of C = 10000*3 = 30000
So, the ratio of investments = 39000 : 42000 : 30000 = 13 : 14 : 10
Therefore, B’s share = 7030 x 14/37 = Rs 2660 (option ‘B’)

MCQ: Partnership - 2 - Question 8

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?

Detailed Solution for MCQ: Partnership - 2 - Question 8

Let C subscribes = Rs x
Then, B subscribes = x + 5000
and A subscribes = x + 5000 + 4000 = x + 9000.
Hence, x + (x + 5000) + (x + 9000) = 50000
=> x = 12000
Therefore ratio of their investments i.e. A : B : C = (12000 + 9000) : (12000 + 5000) : 12000 = 21000 : 17000 : 12000 = 21 : 17 : 12.
Thus A’s share in the profit = 35000 x 21/50 = Rs 14,700 (option ‘D’)

MCQ: Partnership - 2 - Question 9

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 MCQ: Partnership - 2 - Question 9

You have to remember here that the profit given is for 8 months, so we’ll find the one month equivalent investments for 8 months, not for 12 months.
So, Arun’s 1 month equivalent investment = 8000*6
Kamal’s 1 month equivalent investment = 4000*8
Vinay’s 1 month equivalent investment = 8000*8
Hence the ratio of investments = 8,000*6 : 4,000*8 : 8,000*8 = 3 : 2 : 4.
Therefore Kamal’s share in the profit = Rs. 4005 x 2/9 = Rs 890 (option ‘A)

MCQ: Partnership - 2 - Question 10

A starts business with Rs 3500 and after 5 months B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital?

Detailed Solution for MCQ: Partnership - 2 - Question 10

Let B’s capital = Rs x
So, A’s one month equivalent capital = 3500*12 = 42000
And B’s one month equivalent capital = x*7 = 7 x
Therefore,  42000/7x = 2/3
=> x = 9000 (option ‘D’)

MCQ: Partnership - 2 - Question 11

A and B entered into partnership with capitals in the ratio 4 : 5. After 3 months, A withdrew 1/4 of his capital and B withdrew 1/5 of his capital. The gain at the end of 10 months was Rs 760. A’s share in this profit is?

Detailed Solution for MCQ: Partnership - 2 - Question 11

Let A’s initial capital = Rs 400
And B’s initial capital = Rs 500
Thus A’s capital after 3 months = 400 – 1/4 of 400 = Rs 300
And B’s capital after 3 months = 500 – 1/5 of 500 = Rs 400
Hence, A’s 1 month equivalent capital for 10 months = 400*3 + 300*7  = 3300
And B’s 1 month equivalent capital for 10 months = 500*3 + 400*7 = 4300
So ratio of their capitals = 3300 : 4300 = 33 : 43
Therefore A’s share in the profit = 760*(33/76) = Rs 330 (option ‘A’)

MCQ: Partnership - 2 - Question 12

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 MCQ: Partnership - 2 - Question 12

Let B joined for x months.
Thus their one month equivalent capitals
A = 85000*12
B = 42500*x = 42500x
Therefore, (85000*12)⁄42500x = 3/1
=> x = 8 months (option ‘D’)

MCQ: Partnership - 2 - Question 13

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 MCQ: Partnership - 2 - Question 13

Let C’s share = Rs x
Then, B’s share = Rs x/2
and A’s share = Rs x/4
Thus their ratio = x/4 : x/2 : x = 1 : 2 : 4
Therefore, C’s share = 700*(4/7) = Rs 400 (option ‘C’)

MCQ: Partnership - 2 - Question 14

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?

Detailed Solution for MCQ: Partnership - 2 - Question 14

Let the initial investments of A and B be 3x and 5x
Hence one month equivalent investments of A, B and C
A = 3x*12 =36x
B = 5x*12 = 60x
C = 5x*6 = 30x
Therefore their profit sharing ratio = 36x : 60x : 30x = 6 : 10 : 5 (option ‘C’)

MCQ: Partnership - 2 - Question 15

A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

Detailed Solution for MCQ: Partnership - 2 - Question 15

Their one month equivalent use of the pasture
A = 10*7 = 70 months
B = 12*5 = 60 months
C = 15*3 = 45 months
Hence their expenditure sharing ratio = 70 : 60 : 45 = 14 : 12 : 9
Therefore C’s share of the rent = 175*(9/35) = Rs 45 (option ‘A’)

## Quantitative Aptitude for SSC CGL

314 videos|170 docs|185 tests
Information about MCQ: Partnership - 2 Page
In this test you can find the Exam questions for MCQ: Partnership - 2 solved & explained in the simplest way possible. Besides giving Questions and answers for MCQ: Partnership - 2, EduRev gives you an ample number of Online tests for practice

## Quantitative Aptitude for SSC CGL

314 videos|170 docs|185 tests