13
Q:

K and L start the business, with L investing the total capital of Rs. 40,000 on the condition that K pays L interest @ 8% per annum on his half of the capital. L is a working partner and receives Rs.1200 per month from the total profit and any profit reamaining is equally shared by both of them. At the end of the year, it was found that the income of L is twice that of K. Find the total profit for the year ?

A) Rs.44000 B) Rs.46400
C) Rs.480800 D) Rs.46000

Answer:   B) Rs.46400



Explanation:

Interest received by L from K = 8% of half of Rs.40,000  

8100×20000=1600  

 

Amount received by L per annum for being a working partner = 1200 x 12 = Rs.14,400

 

Let 'A' be the part of remaing profit that 'L' receives as his share.

 

 Total income of 'K' = only his share from the reamaing profit

 

                              = 'A', as both share equally.

 

Given income of L = Twice the income of K

 

--> (1600 + 14400 + A ) = 2A

--> A= Rs.16000

Thus total profit = 2A + Rs.14,400= 2(16000) + 14400 

                                                  = 32000 +14400 = Rs.46,400.

Subject: Partnership
Exam Prep: CAT
Job Role: Bank PO
Q:

Two partners M and N buy a car. M pays his share of 3/7th of the total cost of the car. M pays Rs. 31,540 less than N. What is the cost of the car?

A) Rs. 2,32,680 B) Rs. 2,03,175
C) Rs. 2,20,780 D) Rs. 1,85,780
 
Answer & Explanation Answer: C) Rs. 2,20,780

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10 2195
Q:

Tapan, Ravi and Trisha shared a cake. Tapan had 1/4 of it, Trisha had 2/3 of it and Ravi had the rest. What was Ravi's share of the cake?

A) 4/7 B) 1/12
C) 1/6 D) 2/6
 
Answer & Explanation Answer: B) 1/12

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Exam Prep: Bank Exams

8 2072
Q:

Mohan invested Rs. 100000 in a garment business. After few months, Sohan joined him with Rs. 40000. At the end of the year, the total profit was divided between them in ratio 3 : 1. After how many months did Sohan join the business?

A) 3 B) 2
C) 4 D) 5
 
Answer & Explanation Answer: B) 2

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11 2203
Q:

The central Government granted a certain sum towards flood relief to 3 states A, B and C in the ratio 2 : 3 : 4. If C gets Rs. 400 Crores more than A, what is the share of B?

A) Rs. 400 crore B) Rs. 200 crore
C) Rs. 600 crore D) Rs. 300 crore
 
Answer & Explanation Answer: C) Rs. 600 crore

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Exam Prep: Bank Exams

4 1771
Q:

Sunil and Gopal are partners in a business. Sunil invests Rs.20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.

A) Rs.15000 B) Rs.18000
C) Rs.25000 D) Rs.20000
 
Answer & Explanation Answer: D) Rs.20000

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Exam Prep: Bank Exams

2 1989
Q:

P starts a business with Rs 14000. After 8 months Q joins P with Rs 8000. After 3 years, what will be the ratio of the profit of P and Q?

A) 12 : 5 B) 9 : 4
C) 14 : 9 D) 15 : 8
 
Answer & Explanation Answer: B) 9 : 4

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6 2967
Q:

C and D started a business by investing Rs 4000 and Rs 5000 respectively. After 3 months, C withdraws Rs 1000 while D invest Rs 1000 more after 6 months of the starting of business. At the end of the year C’s share is Rs 3900. What will be the total profit (in Rs) at the end of year?

A) 7800 B) 10500
C) 8400 D) 12200
 
Answer & Explanation Answer: B) 10500

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Exam Prep: Bank Exams , CAT

2 2012
Q:

X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?

A) 16 : 15 B) 4 : 5
C) 8 : 9 D) 14 : 15
 
Answer & Explanation Answer: A) 16 : 15

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