We have provided the selective and important questions and answers on partnership for various Aptitude tests and competitive exams. Try to solve maximum questions to increase your performance in exams.
Partnership refers to a business association between two or more than two persons(partners) who run a business together and share the total profit at an agreed proportion.
Problems on Partnership
Q1) X and Y invest Rs.21000 and Rs.17500 respectively in a business. At the end of the year, they make a profit of Rs.26400. What is the share of X in the profit?
Q2) X starts a business with Rs.45000. Y joins in the business after 3 months with Rs.30000. What will be the ratio in which they should share the profit at the end of the year?
Q3) Suresh started a business with Rs.20,000. Kiran joined him after 4 months with Rs.30,000. After 2 more months, Suresh withdrew Rs.5,000 of his capital and 2 more months later, Kiran brought in Rs.20,000 more. What should be the ratio in which they should share their profits at the end of the year?
Q4) Kamal started a business with Rs.25000 and after 4 months, Kiran joined him with Rs.60000. Kamal received Rs.58000 including 10% of profit as commission for managing the business. What amount did Kiran receive?
Q5) A and B started a business by investing Rs.4000/- and Rs.5000/- respectively. Find the A’s share out of a total profit of Rs.1800:
B = Rs.5000/-
A share 4 parts & B share 5 parts
Total 9 parts -----> Rs.1800/-
----> 1 part -------> Rs.200/-
A share = 4 parts -----> Rs.800/-
Q6) Sumit and Ravi started a business by investing Rs 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.
Q7) Raj invested Rs 76000 in a business. After few months Monty joined him and invests Rs 57000. At the end of the year, both of them share the profits at the ratio of 2:1. After how many months Monty joined Raj?
A) 4 Months
B) 7 Months
C) 8 Months
D) 12 Months
Raj invested Rs 76,000 for 12 months and Monty invested Rs 57,000 for x months.
Now 76000 × 12 / 57000 × x = 2 :1
=> 76 × 12 / 2 = 57x
=> x = 8
So Monty invested his money for 8 months and he joined after 4 months.
Q8) 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:
A) Rs. 1425
B) Rs. 1500
C) Rs. 1537.50
D) Rs. 1576
After paying to charity, A's share = Rs.95 x3/5 = Rs. 57.
If A's share is Rs. 57, total profit = Rs. 100.
If A's share Rs. 855, total profit = 100/57x 855= 1500.
Q9) Ravi, Ram and Raj together started a business in partnership. The ratio of their capitals is 4:5:9.If their annual profit be Rs. 30600/-. What will be Raj’s share in this profit?
A) Rs. 8500/-
B) Rs. 15,300/-
C) Rs. 6800/-
D) Rs. 15030/-
Raj’s share = Rs(30600 * 9/18)
= Rs(30600 * 1/2) = 15300/-
Ram’s share = (30600 * 5/18) = 1700 * 5 = 8500/-
Ravi’s share = 6800/-
Q10) Varun, Sachin and Kowshi, enter into a partnership. Varun puts Rs. 500 for 3 months. Sachin Rs. 650 for 8 months and Kowshik Rs. 300 for 11 months. They gain Rs., 840. Find the share of Kowshik.
A) Rs. 260.20
B) Rs. 126
C) Rs. 277.20
D) Rs. 300.80
Investment period = 3, 8, 11
Profit ratio 500 x 3 : 650 x 8 : 300 x 11
Total profit = Rs 840
Share of Koushik = 33 parts
= (840/10) x 33 = 277.20