Partnership MCQ

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12 Questions MCQ Test Additional Documents & Tests for CLAT | Partnership MCQ

Partnership MCQ for CLAT 2022 is part of Additional Documents & Tests for CLAT preparation. The Partnership MCQ questions and answers have been prepared according to the CLAT exam syllabus.The Partnership MCQ MCQs are made for CLAT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Partnership MCQ below.
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Partnership MCQ - 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?

Detailed Solution for Partnership MCQ - Question 1

Partnership MCQ - 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.

Partnership MCQ - 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?

Partnership MCQ - 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

Partnership MCQ - 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?

Partnership MCQ - 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?

Partnership MCQ - 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.

Partnership MCQ - 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

Partnership MCQ - 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.

Detailed Solution for Partnership MCQ - Question 9 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
Partnership MCQ - 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.

Partnership MCQ - 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

Partnership MCQ - 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?  

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