Munna and Chinna are partners in a firm out of which Munna is sleeping partner a

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Munna and Chinna are partners in a firm out of which Munna is sleeping partner and Chinna is working partner. Munna invests Rs. 1,40,000 and Chinna invests Rs. 80,000. Chinna receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. Munna's share in the profit of Rs. 19600 is ?
Options
A. Rs. 9580.25
B. Rs. 10600
C. Rs. 10664.15
D. Rs. 11060.48

Correct Answer

Rs. 10664.15

Explanation

Profit received by Chinna as working partner = 14.5% of Rs. 19600

= 14.5x19600/100 = Rs. 2842

Balance in profit = 19600-2842 = Rs. 16758

Ratio of investment of Chinna & Munna = 80,000 : 1,40,000 = 4 : 7

Hence share of Chinna in investment = 4x16758/100 = Rs. 6093.85

Therefore, Share of Munna = 19600 - 2842 - 6093.85 = Rs. 10664.15

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Partnership problems

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1. A, B and C started a company where their initial investments was in the ratio of 2:3:4. At the end of 6 months, A invested an amount such that his total capital became equal to B's initial capital investment. If the annual profit of B is Rs. 3000 then what is the total profit of the company ?
Options
A. Rs. 9500
B. Rs. 10600
C. Rs. 7500
D. Rs. 8900

2. The ratio of investments of two partners A and B is 7:5 and the ratio of their profits is 7:10. If A invested the money for 5 months, find for how much time did B invest the money ?
Options
A. 11 months
B. 9 months
C. 7 months
D. 10 months

3. A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2490 ?
Options
A. Rs. 820
B. Rs. 830
C. Rs. 840
D. Rs. 850

4. A sum of Rs. 427 is to be divided among A, B and C in such a way that 3 times A?s share, 4 times B?s share and 7 times C?s share are all equal. The share of C is ?
Options
A. 64
B. 76
C. 84
D. 98

5. Dileep started a business with a capital of Rs. 8000. After six months, Narender joined him with some investment. If at the end of the year each of them gets equal amount as profit, how much did Narender invest in the business?
Options
A. 24000
B. 16000
C. 12000
D. 32000

6. Rs 60500 is divided among A, B and C such that A receives 2/9 as much as B and C together and B receives 3/7 of as much as A and C together. What is the share of C (in Rs)?
Options
A. 29850
B. 30120
C. 31350
D. 37250

7. A and B started a business after investing Rs. 12,000 and Rs. 14,400 respectively. At the end of the year B gets 12% of the total profit as management fees and the rest amount is distributed between both the partners in the ratio of their investments. If total annual profit is Rs. 7,500, then find the difference between their profits.
Options
A. Rs. 1250
B. Rs. 600
C. Rs. 900
D. Rs. 1500

8. Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?
Options
A. 500
B. 600
C. 450
D. 550

9. A began a business with Rs. 85000. He was joined afterwards by B with Rs. 42,500. For how much perod does B join, if the profits at the end of the year are divided in the ratio of 3:1 ?
Options
A. 8 months
B. 6 months
C. 7 months
D. 9 months

10. Arun and Varun started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, Akhil joined them with Rs. 20,000. What will be Varun's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business ?
Options
A. Rs. 7500
B. Rs. 4520
C. Rs. 8750
D. Rs. 6350

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