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- Question
Ravi and Ramu are partners in a business.Ravi contributes 1/6 of the capital for 16 months and Ramu received 2/3 of the profit. For how long Ramu's money was used ?
Options- A. 11 months
- B. 10 months
- C. 9 months
- D. 8 months
- Correct Answer
- 8 months
ExplanationLet the total Profit be Z.
Ramu's profit share is 2/3 of profit (i.e 2Z/3)
Ravi's profit is (Z-2Z/3) =Z/3
Hence the profit ratio is , Ravi : Ramu = Z/3 : 2Z/3 = 1:2Let total Capital be Rs.X and Ramu has contributed for Y months.Since Ramu's profit share is 2/3, his invest share will be 2/3 in capital.
Ravi's invest for 16 months / Ramu's invest for Y months = Ravi's profit share / Ramu's profit share
i.e. (X/6 x 16) / (2X/3 x Y) = 1/2Solving the above equation, we get Y = 8.
So Ramu's money has been used for 8 months. - 1. Deepa started a business in 2009 by investing Rs.50,000. She invested Rs. 20,000 as additional amount in 2010 and her friend Sushma joined her with an amount of Rs.70,000. Deepa invested another Rs. 20,000 in 2011 and Avanthi joined them with Rs. 70,000. At the end of these 3 years, they earned a profit of Rs. 3,00,000. Find Sushma's share ?
Options- A. Rs. 75,000
- B. Rs. 85,000
- C. Rs. 98,000
- D. Rs. 1,00,000 Discuss
- 2. Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them? a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7. b. Pranay's share in the profit is Rs. 8750.
Options- A. Only a is sufficient
- B. Neither a nor b is sufficient
- C. Only b is sufficient
- D. Both a and b sufficient Discuss
- 3. A man who recently died left a sum of Rs. 3,90,000 to be divided among his wife, five sons and four daughters. He directed that each son should receive 3 times as much as each daughter receives and that each daughter receives and that each daughter should receive twice as much as their mother receives. What was the wife?s share?
Options- A. Rs. 14,000
- B. Rs. 12,000
- C. Rs. 10,000
- D. Rs. 9,000 Discuss
- 4. Three partners A, B and C share profit such that three times the share of A is equal to two times the share of B and equal to 12 times the share of C. What is the ratio of the profits of A, B and C respectively?
Options- A. 3 : 2 : 12
- B. 12 : 2 : 3
- C. 4 : 6 : 1
- D. 1 : 6 : 4 Discuss
- 5. k, l, m together started a business. k invested Rs.6000 for 5 months l invested Rs.3600 for 6 months and m Rs.7500 for 3 months. If they get a total profit of Rs.7410. Find the share of l ?
Options- A. Rs. 1640
- B. Rs. 2500
- C. Rs. 2160
- D. Rs. 3000 Discuss
- 6. Rs. 50000 is divided into two parts One part is given to a person with 10% interest and another part is given to a person with 20 % interest. At the end of first year he gets profit 7000 Find money given by 10% ?
Options- A. Rs. 20,000
- B. Rs. 10,000
- C. Rs. 30,000
- D. Rs. 40,000 Discuss
- 7. If 6 (P's Capital ) = 8 ( Q's Capital ) = 12 ( R's Capital ) , then out of the total profit of Rs 4650 , R will receive ?
Options- A. Rs. 1033.33
- B. Rs. 1024
- C. Rs. 1148.14
- D. Rs. 1245.32 Discuss
- 8. Umar and Avinash started a partnership with investments of Rs. 10000 and Rs. 15000, respectively. But due to a financial emergency the latter had to withdraw his investment after 8 months. In what ratio should the profit of the first twelve months be shared among the duo?
Options- A. 3:2
- B. 2:3
- C. 1:2
- D. 1:1 Discuss
- 9. A sum of Rs 2489 is divided among A, B and C such that if Rs 12, Rs 12 and Rs 5 be diminish from the shares of A, B and C respectively, then theirshares will be in the ratio of 5 : 3 : 4. What is the new share (in Rs) of C?
Options- A. 750
- B. 1060
- C. 1475
- D. 820 Discuss
- 10. A and B invest in a business in the ratio 2 : 5. If 50% of the total profit goes to charity and A's share is Rs 3.6 lakhs, the total profit is Rs __________ lakhs.
Options- A. 12.6
- B. 25.2
- C. 37.8
- D. 16.8 Discuss
Partnership problems
Search Results
Correct Answer: Rs. 1,00,000
Explanation:
Deepa invested Rs.50,000 for 12 months, Rs.(50000 + 20000) for 12 months and Rs.(50000 + 20000 + 20000) for 12 months.
i.e, she invested Rs.50,000 for 12 months, Rs.70000 for 12 months and Rs.90000 for 12 months.
Sushma invested Rs. 70000 for 2 years; i.e, Rs.70000 for 24 months
And, Avanthi invested Rs.70000 for 1 year; i.e, Rs. 70000 for 12 months.
Their investing ratio:
Deepa : Sushma : Avanthi = (50,000 x 12 + 70000 x 12 + 90000 x 12):(70000 x 24):(70000 x 12)
= (25,20,000):(16,80,000):(8,40,000) = 252:168:84 = 3:2:1
Total profit for 3 years = Rs.3,00,000
Therefore, Sushma's share = Rs.(3,00,000 x 2 /(3+2+1)) = Rs.(3,00,000 x 2/6) = Rs.1,00,000.
Correct Answer: Both a and b sufficient
Explanation:
Given Pranay's profit in the share is Rs. 8750
But given that their investments are in the ratio 2:4:7
= 8750
P = 16250
Now Anand's share =
= Rs.5000
Thus both staements a and b are sufficient to answer this question.
Correct Answer: Rs. 10,000
Explanation:
Correct Answer: 4 : 6 : 1
Correct Answer: Rs. 2160
Explanation:
=> 60x5 : 36x6 : 75x3
=> 100 : 72 : 75
=> 72/247 x 7410 = Rs. 2160
Correct Answer: Rs. 30,000
Explanation:
Let first part is 'K' and second part is 'L'
then K + L = 50000---------eq1
Total profit = profit on x + profit on y
7000 = (K x 10 x 1)/100 + (L x 20 x 1)/100
70000 = K + 2L-----------------------------------eq2
70000 = 50000 + L
so L = 20000 then K = 50000 - 20000 = 30000
first part on 10% is = Rs.30000
Correct Answer: Rs. 1033.33
Explanation:
Let
P's capital = p,
Q's capital = q and
R's capital = r.
Then
6p = 8q = 12r
=> 3p = 4q = 6r
=>q = 3p/4
r = 3p/6 = p/2
P : Q : R = p : 3p/4 : p/2
= 4 : 3 : 2
R's share = 4650 * (2/9) = 150*6 = Rs. 1033.33.
Correct Answer: 1:1
Correct Answer: 820
Correct Answer: 25.2
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