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Partnerships - MCQ 3 - Bank Exams MCQ


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20 Questions MCQ Test - Partnerships - MCQ 3

Partnerships - MCQ 3 for Bank Exams 2024 is part of Bank Exams preparation. The Partnerships - MCQ 3 questions and answers have been prepared according to the Bank Exams exam syllabus.The Partnerships - MCQ 3 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Partnerships - MCQ 3 below.
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Partnerships - MCQ 3 - Question 1

 Karolin and Swaetha are partners in a business. Karolin invests Rs.35,000 for 6months and Swaetha invests Rs.40,000 for 8 months. Out of a profit of Rs.28,750, Karolin’s share is

Detailed Solution for Partnerships - MCQ 3 - Question 1

B)Rs.11,392 Explanation : 35,000*6 : 40000*8
2100:3200
21:32
Karolin’s share = 21*28750/53 = 11391.5 = 11392

Partnerships - MCQ 3 - Question 2

 Mohan and Suresh entered into a partnership investing Rs.10000 and Rs.8000 rep. After 3 months Udhay joined them with an investment of Rs.12000. What is the share of Suresh in a half yearly profit of Rs.7200 ?

Detailed Solution for Partnerships - MCQ 3 - Question 2

D) Rs.2400 Explanation : 10000*6 : 8000*6 : 12000*3
10*6 : 8*6 : 12*3
60 :48 :36
5 : 4 : 3
Suresh profit = 7200*4/12 = 2400

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Partnerships - MCQ 3 - Question 3

A and B entered into a partnership investing Rs.12000 and Rs.10000 resp.After 3 months A withdrew Rs.3000 while B invested Rs.4000 more. After 3 more months C joins the business with a capital of Rs.15000. The share of B exceeds that of C, out of a total profit of Rs.25,000 after one year by

Detailed Solution for Partnerships - MCQ 3 - Question 3

A)Rs.4546 Explanation : (12000*3+9000*9):(10000*3+14000*9):(15000*6)
117000:156000:90000
117:156:90 => 39:52:30
B = 52*25000/121 = 10744
C = 30*25000/121 = 6198
Diff = 10744 – 6198 = 4546

Partnerships - MCQ 3 - Question 4

P and Q invested in a business. They earned some profit which they divided in the ratio of 2:3. If P invested Rs.30000, the amount invested by Q is

Detailed Solution for Partnerships - MCQ 3 - Question 4

C)Rs.45,000 Explanation : 30,000:Q = 2:3
Q = 90,000/2 = 45,000

Partnerships - MCQ 3 - Question 5

Naren received Rs.8000 as his share out of the total profit of Rs.12000 which he and Praba earned at the end of one year. If Naren invested Rs.20,000 for 6 months, whereas Praba invested his amount for the whole year , what was the amount invested by Praba ?

Detailed Solution for Partnerships - MCQ 3 - Question 5

D)Rs.5,000 Explanation : P = 8000:4000 = 2:1
20000*6 : x*12 = 2:1 20000:2x = 2:1 20000/2x =2/1 2X = 20000*1/2 =>x =  5,000

Partnerships - MCQ 3 - Question 6

Rs.1200 is divided among A,B,C so that A receives half so much as B and B half as much as C. Then B’s share is

Detailed Solution for Partnerships - MCQ 3 - Question 6

B) Rs.343 Explanation : Let C = x x: 2X : 4X = 1:2 :4 B =1200*2/7 = 342.8 = 343

Partnerships - MCQ 3 - Question 7

A,B and C started a shop by investing Rs.27000, Rs.48000 and Rs.63000 respectively. At the end of the year the profits were distributed among them.If B’s share of profit be Rs.19200, then the total profit was

Detailed Solution for Partnerships - MCQ 3 - Question 7

D) Rs.55200 Explanation : A:B:C = 27:48:63 = 9:16:21
16x/46 = 19200 X = 19200*46/16 = 55200

Partnerships - MCQ 3 - Question 8

A sum of money is divided among P,Q,R and S in the ratio 5:4:7:9 respectively.If the share of P is Rs.2300 more than that of Q, then what is the total amount of R and S together ?

Detailed Solution for Partnerships - MCQ 3 - Question 8

A)Rs.36800 Explanation : 5x-4x = 2300 X = 2300
R  = 7*2300 = 16100
S = 9*2300 = 20700
R+S = 36800

Partnerships - MCQ 3 - Question 9

A and B invest in a business in the ratio 3 : 7 . If 10 % of the total profit goes to charity and A’s share is Rs. 923, the profit is

Detailed Solution for Partnerships - MCQ 3 - Question 9

C)Rs.3418 Explanation : Total profit = 100, Charity = 10 A’s share = 90*3/10 = 27 Total profit = 100*923/27 = 3418

Partnerships - MCQ 3 - Question 10

A invested Rs 60000 in a business. After few months, B joined him with Rs 24000. The total profit was divided between them in the ratio 3 : 1 at the end of the year. After how many months did B join?

Detailed Solution for Partnerships - MCQ 3 - Question 10

B)2 months Explanation : A : B
60*12 : 24x = 3:1 60*12/24x = 3/1 = 3 x = 60*12/24*3 = 60*4/24 = 10
12 – 10 = 2
After 2 months B joined

Partnerships - MCQ 3 - Question 11

Niharika and Kritika investedin a business in the ratio 12 : 5. If 15% of the total profit goes to charity and Niharika’s share is Rs. 1055, the total profit is

Detailed Solution for Partnerships - MCQ 3 - Question 11

Answer – C)Rs.1758.33 Solution: Total profit(say)= Rs.100.
After paying to charity, Niharika’s share=85*(12/17)= Rs.60 If Niharika’s share=60, Total profit=Rs.100 If Niharika’s share=1055, Total profit= (100/60)* 1055= Rs.1758.33

Partnerships - MCQ 3 - Question 12

A, B, C started a business with their investments in the ratio 2:4:5. After 8 months, A invested the same amount as before and both B and C withdrew half of their investments. The ratio of their profits at the end of the year is:

Detailed Solution for Partnerships - MCQ 3 - Question 12

Answer  – B)12:20:25 Solution: Investments: 2x,4x,5x A:B:C=2x*8+2x*4 : 4x*8+(4x/2)*4 : 5x*8+(5x/2)*4 A:B:C= 12:20:25

Partnerships - MCQ 3 - Question 13

 A,B and C jointly engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.

Detailed Solution for Partnerships - MCQ 3 - Question 13

Answer  – B)Rs.1900 Solution: A received 5% of the profits i.e. 5% of 7400= Rs.370 Remaining= 7400-370= Rs.7030 Ratio of investments: 6500*6 : 8400*5 : 10000*3 Ratio= 13:14:10, Share of C= (10/37)*7030=Rs.1900

Partnerships - MCQ 3 - Question 14

A, B, C subscribe Rs. 60,000 for a business, A subscribes Rs.8000 more than B and B Rs. 5000 more thanC. Out of a total profit  of Rs. 40,000, A receives :

Detailed Solution for Partnerships - MCQ 3 - Question 14

Answer – B)Rs.18000 Solution: Let C = x then B = x + 5000  and A =  x + 5000 + 8000 = x + 13000. x + x + 5000 + x + 13000 = 60000  <=>  3x = 42000 , x = 14000.
A : B : C =  27000 : 19000 : 14000 = 27 : 19 : 14
A’s share = Rs. (40000 * 27/60 ) = Rs.18,000

Partnerships - MCQ 3 - Question 15

A, B, C rent a pasture. A puts 20 oxen for 8 months, B puts 12 oxen for 6 months and C puts 16 oxen for 4 months for grazing. If the rent of the pasture is Rs. 278, how much must A pay as his share of rent?

Detailed Solution for Partnerships - MCQ 3 - Question 15

Answer – C)Rs.60.11 Solution: A:B:C = (20*8) : (12*6): (16*4)= 20:9:8
C’s rent= (8/37) * 278= Rs.60.11

Partnerships - MCQ 3 - Question 16

3 partners started a business. Twice the investment of A is equal to thrice the capital of B and capital of B is four times the capital of C. Find the share of B out of profit of Rs.309100.

Detailed Solution for Partnerships - MCQ 3 - Question 16

Answer – C)Rs.112400 Solution: C=x, B=4x 2(A’s capital)= 3(B’s capital)= 3*4x A’s capital= (3*4x /2) = 6x Ratio: 6:4:1 B’s share= 4/11 * 309100

Partnerships - MCQ 3 - Question 17

A, B and C enter into a partnership in the ratio  5/2:4/3:7/5 . After 4 months, A increases his share 23%. If the total profit at the end of one year be Rs.31,800, then B’s share in the profit is:

Detailed Solution for Partnerships - MCQ 3 - Question 17

Answer – B)Rs.7548.96 Solution: Ratio= 75:40:42 A:B:C = 75x *4+ (123/100 *75x *8) : 40x *12 : 42x*12 = 173: 80 :84 B’s share= 80/337 * 31800 = Rs. 7548.96

Partnerships - MCQ 3 - Question 18

A starts business with Rs.4000 and after 6 months B joins with A as his partner.After a year, the profit is divided in the ratio 2:7. What is B’s contribution in the capital?

Detailed Solution for Partnerships - MCQ 3 - Question 18

Answer – C)Rs.4666.66 Solution:4000 * 12/ 6x) =2/7

Partnerships - MCQ 3 - Question 19

In a business A and C invested amounts in the ratio 2:1, whereas the ratio between amounts invested by A and B was 3:2. If Rs.261300 was their profit how much amount did B receive?

Detailed Solution for Partnerships - MCQ 3 - Question 19

Answer – B)Rs.120600 Solution: A:B= 3:2, B:A=2:3= 4:6
A:C= 2:1= 6:3
B’s share= 6/13 * 261300

Partnerships - MCQ 3 - Question 20

A,B and C shared the profit in a business in the ratio 5:7:8 and partnered for 14 months, 8 months and 7 months. Ratio of their invesments is:

Detailed Solution for Partnerships - MCQ 3 - Question 20

Answer – B)20:49:64 Solution: Rs. x for 14 months, Rs. y for 8 months and Rs. z for 7 months 14x : 8y : 7z = 5 : 7 : 8 14x/8y = 5/7 y = (49/20)x 14x/7z = 5/8 z = (16/5)x x:y:z = x:(49/20)x:(16/5)x 20:49:64

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