Partnership Questions - When two or more people jointly start a business by monetary contributions, the business is called partnership. Partnership is decided based on the ratios & proportions and this can also be related to our practical life. Profit sharing in the business is dependable totally on the respective partners investment and for the time for which they have invested that particular amount. Partnership also carries 1 or 2 questions in all the Government job based on partnership quantitative aptitude. Some Partnership formulas which can be concluded with the theory of this chapter are as follows:-
If two persons invested A & B for P months & Q months respectively.
Then the ratio of their profit shares = A x P: B x Q
Let's understand the concept of partnership taking the following observations:-
If two persons invest A & B amount respectively in business for equal time, then their profit shares will also be in the ratio of their investments. Means a person who invested more will get a higher amount out of the profit.
If two persons invest equal amounts in business for A & B months respectively, then their profit shares will also be in the ratio of their time for which they have invested. Means a person who invested for more time will get a higher amount out of profit.
Before coming to this, make sure that you have gone through ratios and proportions.
Relate the question and problems with your practical life.
Learn to avoid the calculation which is useless in calculating answers.
This topic does not have many high-level questions so practicing the previous year question is sufficient to prepare.
Q 1. The partners A, B, C invest Rs. 26,000, Rs. 34,000 & Rs. 10,000 respectively in a business. Out of a profit of Rs. 3,500, B’s share is.
None of these
Q 2. Pooja invests Rs. 30,000 for one year in a shop. How much her partner Neha should invest in order that the profit after one year may be 2:3.
Q 3. Rs. 700 is divided among A, B, and C so that A receives half as much as B and B half as much as C. Then C’s share is.
Q 4. Manoj got Rs. 6,000 as his share out of a total profit of Rs. 9,000 which he and Ramesh earned at the end of one year. If Manoj invested Rs. 20,000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?.
Q 5. A and B enter into partnership. A invests Rs. 16,000 for 8 months and B remains in the business for 4 months. Out of a total profit, B claims 2/7 of the profit, B contributed
Q 6. P and Q started a business investing Rs. 85,000 and Rs. 15,000 resp. In what ratio the profit earned after 2 years be divided between P and Q respectively.
Q 7. Sumit and Ravi started a business by investing Rs. 85,000 and Rs. 15,000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.
Q 8. A , B and C enter into a partnership investing Rs. 35,000, Rs. 45,000 and Rs. 55,000. Find the their respective shares in annual profit of Rs. 40,500.
10500, 13500, 19500
10500, 13500, 18500
10500, 13500, 17500
10500, 13500, 16500
Q 9. Dolly deposited Rs.20,000 at 10% p.a simple interest for a period of n years. Lilly deposited Rs.18,000 at the same rate at compound interest for the same period. After n years amount received by Dolly is Rs.2,042 more than the amount received by Lilly. Find the value of n.
Q 10. Rs. 700 is divided among A, B, C so that A receives half as much as B and B half as much as C. Then C's share is
Q 11. Anand and Deepak started a business investing Rs.22,500 and Rs.35,000 respectively. Out of a total profit of Rs. 13,800. Deepak's share is
Q 12. In 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. 1,57,300 was their profit, how much amount did B receive.
Q 13. Kamal started a business investing Rs. 9,000. After five months, Sameer joined with a capital of Rs. 8,000. If at the end of the year, they earn a profit of Rs. 6,970, then what will be the share of Sameer in the profit?
Q 14. A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?
Q 15. if 4 (A's capital) = 6 (B's capital) = 10 (C's capital), then out of a profit of Rs. 4,650, C will receive ____
Q 16. The difference between the compound interest and the simple interest for 2 years on a sum of Rs.12,000 at certain rate of interest is Rs. 120. Find the rate of interest.
Q 17. A and B started a business jointly A's investment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B received Rs. 4,000 as profit, then their total profit is :
Q 18. A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A's share is Rs. 855, the total profit is:
Q 19. A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6,500 for 6 months, B, Rs. 8,400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 7,400. Calculate the share of B in the profit.
Q 20. A, B and C enter into a partnership in the ratio : : . After 4 months, A increases his share 50%. If the total profit at the end of one year be Rs. 21,600, then B's share in the profit is:
Q 21. Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?
5 : 7 : 8
20 : 49 : 64
38 : 28 : 21
83 : 82 : 12
Q 22. A starts a business with Rs. 3,500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B's contribution in the capital?
Q 23. A and B entered into a partnership with capitals in the ratio 4 : 5. After 3 months, A withdrew of his capital and B withdrew of his capital. The gain at the end of 10 months was Rs. 760. A's share in this profit is:
Q 24. A and B started a partnership business investing some amount in the ratio of 3 : 5. C joined then after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C?
3 : 5 : 2
3 : 4 : 5
6 : 10 : 5
3 : 5 : 5
Q 25. A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B's share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
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