Partnership problems
- 1. 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 Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: Rs. 7500
Explanation:
Arun : Varun : Akhil = (20000 x 24) : (15000 x 24) : (20000 x 18) = 4:3:3
B's share = 25000 x 3/10 = Rs. 7500.
- 2. Madhu started a business and he invested in 76000, After some month, Amar came to join with him and invest 57000.The end of the year the total profit was divided among them into ratio form 2 : 1.Find after how many months Amar join.
Options- A. 7 months
- B. 8 months
- C. 3 months
- D. 4 months Also asked in: GRE, GATE, CAT, Bank Exams, Bank PO, Bank Clerk
Correct Answer: 4 months
Explanation:
we can assume that Amar join into business after x months. So Amar money was invest into (12 ? x ) months.
--> 912000 = 114000 ( 12 ? x ) = 114 ( 12 ? x ) = 912
--> x = 4
After 4 months amar join the business.
- 3. Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?
Options- A. 12,421
- B. 9,423
- C. 11,600
- D. 10,500 Also asked in: AIEEE, Bank Exams, CAT, GATE, GRE, Bank Clerk, Bank PO
Correct Answer: 10,500
Explanation:
The ratio of their investments:
50000x36 : 80000x30 = 3 : 4
Simran's share of profit = (24500x3/7) = Rs.10,500.
- 4. Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ? a. Total amount invested in the business in Rs. 22,000. b. Profit earned at the end of 3 years is 3/8 of the total investment. c. The average amount of profit earned per year is Rs. 2750.
Options- A. Only c is sufficient
- B. Both a & b are sufficient
- C. Both A & B gives result
- D. None Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: Both A & B gives result
Explanation:
a and b give, profit after 3 years = Rs.(3/8 x 22000) = Rs.8250.
From c also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.
? P's share = Rs.(8250 x 5/11) = Rs. 3750.
Thus, (either C is redundant) or (a and b are redundant).
- 5. Divide Rs.118000 among three persons A, B and C such that the ratio of the shares of A and B is 3:4 and that of B:C is 5:6 ?
Options- A. A = 48000 B = 40000 C = 30000
- B. A = 30000 B = 40000 C = 48000
- C. A = 30000 B = 48000 C = 40000
- D. A = 40000 B = 48000 C = 30000 Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: A = 30000 B = 40000 C = 48000
Explanation:
Compound ratio of A:B:C
A:B = 3:4
B:C = 5:6
----------
A:B:C = 15:20:24
We can divide Rs.118000 in this ratio.
Share of A = 15/59 x 118000 = 30000
Share of B = 20/59 x 118000 = 40000
Share of C = 24/59 x 118000 = 48000
- 6. K and L start a business jointly. L invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit B claims 2/7th share. How much money is contributed by B ?
Options- A. Rs. 9040
- B. Rs. 10,400
- C. Rs. 12,800
- D. Rs. 6350 Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: Rs. 12,800
Explanation:
16x8 : Px4 = 5:2
P = 12.8 => Rs.12,800
- 7. Vishal and Raghu jointly started a business. Vishal invested three times as Raghu did and invested his money for double time as compared to Raghu. Raghu earned Rs. 4000. If the gain is proportional to the money invested and the time for which the money is invested then the total gain was ?
Options- A. Rs. 28,000
- B. Rs. 18,000
- C. Rs. 14,000
- D. Rs. 8,000 Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: Rs. 28,000
Explanation:
Investments ratio is = 3:1
Time period ratio is = 2:1
As they are proportional to gain
------
Gain ratio of Vishal and raghu = 6:1
But given Raghu got Rs. 4000,
=? 1 ----- 4000
7 ----- ?
=> Rs.28,000
The total gain = Rs.28,000
- 8. 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 Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: Rs. 2160
Explanation:
=> 60x5 : 36x6 : 75x3
=> 100 : 72 : 75
=> 72/247 x 7410 = Rs. 2160
- 9. 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 Also asked in: Bank Exams
Correct Answer: 4 : 6 : 1
- 10. 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 Also asked in: Bank Exams
Correct Answer: Rs. 10,000
Explanation:
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