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Partnerships - MCQ 4 - Bank Exams MCQ


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20 Questions MCQ Test IBPS Clerk Prelims 2024 Preparation - Partnerships - MCQ 4

Partnerships - MCQ 4 for Bank Exams 2024 is part of IBPS Clerk Prelims 2024 Preparation preparation. The Partnerships - MCQ 4 questions and answers have been prepared according to the Bank Exams exam syllabus.The Partnerships - MCQ 4 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Partnerships - MCQ 4 below.
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Partnerships - MCQ 4 - Question 1
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 A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 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. 14800 Calculate the share of B in the profit?

Detailed Solution for Partnerships - MCQ 4 - Question 1

Answer – B (Rs 5320) Explanation – For managing, A receives = 5% of Rs. 14800 = Rs. 740.
Balance = Rs. (14800 – 740) = Rs. 14060 Ratio of their investments = (13000 x 6) : (16,800 x 5) : (20000 x 3) = 78000 : 84000 : 60000 = 13 : 14 : 10
B’s share = Rs.14060 x 14/37 = 5320

Partnerships - MCQ 4 - Question 2
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Anuj, kamlesh and Vinni invested Rs. 16000, Rs. 8000 and Rs. 16000 respectively to open a business. Anuj left after 6 months. If after 8 months, there was a gain of Rs. 8010, then What will be the share of kamalesh?

Detailed Solution for Partnerships - MCQ 4 - Question 2

Answer – A (1780) Explanation – Anuj : Kamalesh : Vinni = (16000 x 6) : (8000 x 8) : (16000 x 8) = 48 : 32 : 64 = 3 : 2 : 4.
Kamal’s share = Rs.8010 x 2/9 = Rs. 1780.

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Partnerships - MCQ 4 - Question 3
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A and B start a business with investments of Rs. 10000 and Rs. 9000 respectively. After 4 months, A takes out 1/2 of his capital. After 2 more months, B takes out 1/3 of his capital while C joins them with a capital of Rs. 14000. At the end of a year, they earn a profit of Rs. 10160. Find the share of each member in the profit?

Detailed Solution for Partnerships - MCQ 4 - Question 3

Answer – B (A – Rs. 3200, B – Rs. 3600, C – Rs. 3360) Explanation – A : B : C = (10,000 x 4 + 5000 x 8) : (9000 x 6 + 6000 x 6) : (14000 x 6) = 80000 : 90000 : 84000 = 40 : 45 : 42
A’s share = Rs. 10160 x 40/127 = Rs. 3200; B’s share = Rs. 10160 x 45/127 = Rs. 3600; C’s share = Rs. 10160 x 42/127 = Rs. 3360.

Partnerships - MCQ 4 - Question 4
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Anaya, Bela and Cendrella enter into a partnership Bussiness with Anaya’s contribution Rs. 20,000. If out of a total profit of Rs. 2000, Anaya gets Rs.100 and Bela gets Rs. 600, cendrella gets rs 400 then Cendrella’s capital is:
Detailed Solution for Partnerships - MCQ 4 - Question 4

Answer – A (Rs. 8000) Explanation – A : B : C = 1000 : 600 : 400 = 5 : 3 : 2.
Let their capitals be 5x, 3x, 2x respectively.
Then, 5x = 20000 x = 4000.
C’s capital = 2x = Rs. 8000.

Partnerships - MCQ 4 - Question 5
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Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:
Detailed Solution for Partnerships - MCQ 4 - Question 5

Answer – B (Rs. 25256) Explanation – Ratio of their shares = (70000 x 8) : (84000 x 10) = 2 : 3.
Reena’s share = Rs.63140 x 2/5 = Rs. 25256

Partnerships - MCQ 4 - Question 6
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A starts business with Rs. 7000 and after 5 months, B joins with A as his partner. After 1 year, the profit is divided in the ratio 2 : 3. What is B’s contribution in the capital?
Detailed Solution for Partnerships - MCQ 4 - Question 6

Answer – D (Rs 18000) Explanation – Let B’s capital be Rs. x. Then. (7000 x 12) / 7x = 2/3 [ capital ratio= profit ratio] 14x = 252000 x = 18000

Partnerships - MCQ 4 - Question 7
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shikha started a business investing Rs. 50,000 in 1999, In 2000, she invested an additional amount of Rs. 20,000 and Raju joined him with an amount of Rs. 70,000. In 2001, Shikha invested another additional amount of Rs. 20,000 and Jolly joined them with an amount of Rs. 70,000. What will be Raju’s share in the profit of Rs. 300,000 earned at the end of 3 years from the start of the business in 1999?
Detailed Solution for Partnerships - MCQ 4 - Question 7

Answer – C (Rs. 100,000) Explanation – Shikha : Raju : Jolly = (50000 x 12 + 70000 x 12 + 90000 x 12) : (70000 x 24) : (70000 x 12) = 2520000 : 1680000 : 840000 = 3 : 2 : 1
Raju’s share = Rs.300,000 x 2/6 = Rs. 100,000.

Partnerships - MCQ 4 - Question 8
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A, B and C started a business. They invest Rs. 80,000, Rs. 160,000 and Rs. 2,40,000 respectively. At the end of the first year, B withdraws Rs. 80,000, while at the end of the second year, C withdraws Rs. 160,000. In what ratio will the profit be shared at the end of 3 years?
Detailed Solution for Partnerships - MCQ 4 - Question 8

Answer – D (3:4:7) Explanation – A : B : C = (80000 x 36) : (160000 x 12 + 80000 x 24) (240000 x 24 + 80000 x 12) =144 : 192 : 336 = 3: 4 : 7

Partnerships - MCQ 4 - Question 9
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3 partners P, Q, R start a business. Twice P’s capital is equal to thrice Q’s capital and Q’s capital is four times R’s capital. Out of a total profit of Rs. 16,500 at the end of the year, Q’ share is:
Detailed Solution for Partnerships - MCQ 4 - Question 9

Answer – D (6000) Explanation – Let R = a. Then, Q = 4a and 2P = 3 x 4a = 12a or P = 6a. ∴ P : Q : R = 6a : 4a : a = 6 : 4 : 1.
So, Q’s capital = Rs. [16500 x 4/11] = Rs. 6000

Partnerships - MCQ 4 - Question 10
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A, B, C hired a car for Rs. 1040 and used it for 7,8 and 11 hours respectively.Hire charges paid by B were:
Detailed Solution for Partnerships - MCQ 4 - Question 10

Answer – A (320) Explanation – A : B : C = 7 : 8 : 11.
Hire charges paid by B = Rs. [1040 x 8/26] = Rs.320

Partnerships - MCQ 4 - Question 11
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 A and B start a business Rs.75000 and RS.12000. In what ratio of profit earned after 2 years be divided between A and B ?
Detailed Solution for Partnerships - MCQ 4 - Question 11

Answer -D) 25: 4 Explanation :75000 : 12000 = 75 : 12 = 25 : 4

Partnerships - MCQ 4 - Question 12
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X , Y and Z hire a Auto Rs.250 and used it for 4,3 and 2 hours respectively. Hir charge paid by Z is
Detailed Solution for Partnerships - MCQ 4 - Question 12

Answer -C) 55.55 Explanation : X:Y:Z = 4:3:2
Z = 250×(2/9) = 55.55

Partnerships - MCQ 4 - Question 13
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In a business P and R invested amounts in the ratio 2 : 3 whereas the ratio between amount invested by P and Q was 4:2. If 2,20,500 was their profit.How much amount did R receive ?
Detailed Solution for Partnerships - MCQ 4 - Question 13

Answer – A) 1,10,250 Explanation : P : Q = 4 : 2=> Q : P = 2 : 4
P : R = 2 : 3=> 4 : 6
P : Q : R =4 : 2 : 6
R share = (6/12)×2,20,500 =  1,10,250

Partnerships - MCQ 4 - Question 14
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A , B and C subscribe Rs. 70,000 for a business .B subscribe  Rs.5000 more than A and C subscribe  Rs.6000 more than B. Out of total profit of Rs. 40,000 , A receive (approximately)
Detailed Solution for Partnerships - MCQ 4 - Question 14

Answer -B) 10,286 Explanation : A = X; B = X+5000 ; C=X+11000
X+X+5000+X+11000 = 70000
X = 70000-16000/3 = 18000
A : B : C = 18,000 : 23,000 : 29,000 = 18 : 23 : 29
A profit = 40,000×(18/70) =10,285.71= 10,286

Partnerships - MCQ 4 - Question 15
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Akash,Balu and Gopi invested Rs. 6000 , Rs.4000 and Rs.8000 in a business.Akash left a business after 6 months.If after one year there was a gain of Rs.5200.Then what will be the share of  Akash ?
Detailed Solution for Partnerships - MCQ 4 - Question 15

Answer -C) 1040 Explanation : A                              B                           G
6000×6                 4000×12                 8000×12
3                             4                           8
A:B:G = 3:4:8
Akash share = 5200×(3/15) = 1040

Partnerships - MCQ 4 - Question 16
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A ,B and C started a business with an invested amount 66,000, 72,000 and 90,000.At the end of 1 year the profit is distributed among them.If B receive profit as 22,000 then what will be the total profit ?
Detailed Solution for Partnerships - MCQ 4 - Question 16

Answer – B) 69,666.66 Explanation : 66:72:90 => 11 : 12 : 15
B=> 12x = 22000 Total profit = 38/12 ×22,000 = 69666.66

Partnerships - MCQ 4 - Question 17
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P  and Q  invested  Rs.16000 and Rs. 12,000 in the business, At the end of 6 months R joins them with an amount Rs.20,000.In what ratio annual profit is divided among them ?
Detailed Solution for Partnerships - MCQ 4 - Question 17

Answer -A) 8:6:5 Explanation : P                              Q                       R
16000×12             2000×12               20,000×6
8                               6                       5
P:Q:R = 8:6:5

Partnerships - MCQ 4 - Question 18
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Three partners shared a profit in the ratio 5:7:8.They had partnered for 10 months,8 months and 7 months. What was the ratio of their investments ?
Detailed Solution for Partnerships - MCQ 4 - Question 18

Answer -B) 28:49:64 Explanation : 10×a : 8×b ; 7×c  = 5 : 7: 8 10a/8b = 5/7 =>  b = 7/5 a 10a/7c = 5/8  => c = 16/7a a:b:c = a:7/5a:16/7a = 28a:49a:64a => 28:49:64

Partnerships - MCQ 4 - Question 19
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Raju,Vikram and Rihan are invested some amount into the business.Vikram invested double the amount after 6 mionths and Rihan invested thrice the amount invested by Raju after 8 months.What is  Rihan’s share in profit if they earn a profit of Rs.60000 at the end of 1 year ?
Detailed Solution for Partnerships - MCQ 4 - Question 19

Answer – D) 20,000 Explanation : Investment Ra = X for 12 months = 12x Investment V = 2X for 6 months = 12x Investment Ri = 3X for 4months = 12x Raju : Vikram : Rihan = 12:12:12 = 1:1:1 Rihan’s share in profit = 1/3×60,000 =20,000

Partnerships - MCQ 4 - Question 20
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Anju and Bimal are partners in a business. Anju contributes 1 / 4 of the capital for 15 months and Bimal received 2 / 3 of the profit, for how long Bimal’s money was used ?
Detailed Solution for Partnerships - MCQ 4 - Question 20

Answer- D (10 months) Explanation- Let total profit is x Then Bimal’s share in profit= (2/3)x so anju’s share in profit= x- (2/3)x =x/3 so,we get ratios of profit of Anju :Bimal :: 1:2 Let total capital invested be Rs P and Anju’s money was used for 15 months while Bimal’s money was used for b months . then, (1/4)P X 15 divide by (3/4)P x b = 1/2 [ Capital x time =profit] so,we get b=10 Bimal’s money was used for 10 months

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