This set of Aptitude Questions and Answers (MCQs) focuses on “Partnership”. These questions are beneficial for various competitive exams, placement interviews, and entrance tests.
1. 2 friends a and b started a company with 20000 and 30000, respectively. If there was a profit of 12995 rupees at the end of the year find their monthly profit of a.
a) 649.75 rupees
b) 1082.91 rupees
c) 431.16 rupees
d) 491.8 rupees
View Answer
Explanation: The profit after 12 months = 12995 rupees
Monthly profit = 12995 / 12 = 1082.91 rupees per month
The individual profit of a and b are in the ratio of their investment = 2 : 3
Their individual profit = 1082.91 / 5 * 2, 1082.92 / 5 * 3 = 431.16, 649.75 rupees
The monthly profit of a = 431.16 rupees.
2. 2 friends a and b started a company. ‘A’ invested 20000 on the 1st of April and ‘B’ invested 30000 on the 1st of July. If the profit of the company on 31st of march was 17000 rupees, find b’s share of profit.
a) 8500 rupees
b) 9000 rupees
c) 9600 rupees
d) 10200 rupees
View Answer
Explanation: The total time a invested the money for = 12 months
The total time B invested the money for = 9 months
A’s investment = 20000
B’s investment = 30000
Ratio of a’s share to b’s share = 12 * 20000 : 9 * 30000 = 8 : 9
The profit at the end of the year = 17000 rupees
B’s share = 17000 / 17 * 9 = 9000 rupees
3. X and y are partners in a firm. X invested 12000 on the first day of the financial year and y invested the same after 4 months. After a year, the profit was 29520 rupees, find b’s share of profit.
a) 11808 rupees
b) 18080 rupees
c) 18808 rupees
d) 18800 rupees
View Answer
Explanation: A’s investment = 12000 for 12 months
B’s investment = 12000 for 8 months
The ratio of their share = 12000 * 12 : 12000 * 8 = 3 : 2
The profit in the end of the year = 29520
B’s share = 29520 / 5 * 2 = 5904 * 2 = 11808 rupees
4. A and b invested 10000 rupees each in a company. If a invested the money on 1st of April the share of profit of b on 31st of march was 8000 rupees out of a total profit of 32000 rupees, find the date of b’s investment.
a) 1st October
b) 1st July
c) 1st December
d) 1st January
View Answer
Explanation: The investment of a = 10000 for 12 months
A’s share of profit = 32000 – 8000 = 24000 rupees
B’s profit = 8000 rupees
Ratio of a to b = 24000 : 8000 = 3 : 1
The ratio of their investment = 3 : 1
Let the investment of b be for x months.
10000 * 12 : x * 10000 = 3 : 1
120000 / 3 = 10000x / 1
10000x = 40000
X = 4
B invested the money for 4 months that means 8 months after a’s investment = 1st December.
5. A invested 35000 for 10 months. What amount of b’s investment will be equivalent to a’s investment if b invests the money for 24 months?
a) 14853.33 rupees
b) 1485.33 rupees
c) 1458.33 rupees
d) 14583.33 rupees
View Answer
Explanation: The ratio of their investment is same = 1 : 1
Let the investment amount of b be x.
35000 * 10 = x * 24
X = 35000 * 10 / 24 = 14583.33 rupees
6. A invested 50000 in a company on 1st of April 2019. B invested 25000 on 1st of April 2019 and 25000 on 1st of October 2019. If on 31st March 2020 the profit was 25200 rupees, find the share of b.
a) 10800 rupees
b) 12600 rupees
c) 11200 rupees
d) 10220 rupees
View Answer
Explanation: A’s investment = 50000 for 12 months
B’s investment = 25000 for 12 months and 25000 for 6 months
Ratio of a’s share to b’s share = 50000 * 12 : 25000 * 12 + 25000 * 6 = 600000 : 450000 = 4 : 3
The profit at the end of the year = 25200 rupees
B’s share = 25200 / 7 * 3 = 10800 rupees
7. The share of profit of a is 20000 rupees out of 35000 rupees. If a and b invested at the same time find the investment of b if a’s investment is 12000 rupees.
a) 8500 rupees
b) 9000 rupees
c) 10000 rupees
d) 12000 rupees
View Answer
Explanation: A’s share of profit = 20000 rupees
B’s share profit = 35000 – 20000 = 15000 rupees
Ratio of a’s share to b’s share = 20000 : 15000 = 4 : 3
A’s investment = 12000
B’s investment = Let it be x.
X = 12000 / 4 * 3 = 9000 rupees
8. A and b are partners in a firm. A invested 15000 on the first day of the working year and b invested 4000 quarterly. Find their ratio of profit after a working year.
a) 2 : 3
b) 3 : 2
c) 3 : 4
d) 4 : 3
View Answer
Explanation: A’s investment = 15000 for 12 months
B’s investment = 4000 for 12 months 4000 for 9 months 4000 for 6 months and 4000 for 3 months
Profit sharing ratio of a to b = 12 * 15000 : 4000 * 12 + 4000 * 9 + 4000 * 6 + 4000 * 3
180000 : 48000 + 36000 + 24000 + 12000
180000 : 120000 = 3 : 2
9. The profit – sharing ratio of 4 partners is 4 : 5 : 6 : 7. Find their respective profits if the total profit is 121000 rupees.
a) 22000, 25000, 30000, 35000
b) 22000, 27500, 33000, 38500
c) 24000, 28000, 35000, 40000
d) 22500, 27000, 33500, 38000
View Answer
Explanation: The profit – sharing ratio = 4 : 5 : 6 : 7
The total profit = 121000 rupees
Let the profit – sharing ratio be in terms of x.
The profits = 4x, 5x, 6x and 7x
The total profit = 4x + 5x + 6x + 7x = 22x = 121000
22x = 121000
X = 121000 / 22 = 5500
4x = 22000
5x = 27500
6x = 33000
7x = 38500
10. A, B and C are three owners of a company. If their profit – sharing ratio is 4 : 9 : 12, find the profit earned by a per quarter. The annual profit of the company is 625000 rupees.
a) 120000 rupees
b) 25000 rupees
c) 33000 rupees
d) 100000 rupees
View Answer
Explanation: The profit – sharing ratio = 4 : 9 : 12
Let the profit – sharing ratio be in terms of x.
The profit of A = 4x
The total profit = 4x + 9x + 12x = 25x = 625000 rupees
25x = 625000 rupees
X = 25000 rupees
4x = 100000 rupees
A earns a profit of 100000 rupees per annum.
A’s profit quarterly = 100000 / 4 = 25000 rupees
More Aptitude Questions and Answers on Partnership:
- Partnership Questions (Set 2)
- Partnership Questions (Set 3)
- Partnership Questions (Set 4)
- Partnership Questions (Set 5)
- Partnership Questions (Set 6)
- Partnership Questions (Set 7)
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