149+ Partnership Questions and Answers With Explanation

Q:

Rohith started a business by investing Rs. 3600. After somedays, Puneeth joined him by investing Rs. 2400. At the end of one year, the profit was divided in the ratio 2 : 1. After how many months did Puneeth join the business?

A) 2 months	B) 2.5 months
C) 3 months	D) 3.5 months

Answer & Explanation Answer: C) 3 months

Explanation:

Ratio of profit of Rohith and Puneeth = 3600 x 12 : 2400 x P

= 3600 x 12/2400P = 2/1

=> P = 9

So, Puneeth joined the business after (12 - P) = 12 - 9 = 3 months.

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12 6313

Q:

If 6 (P's Capital ) = 8 ( Q's Capital ) = 12 ( R's Capital ) , then out of the total profit of Rs 4650 , R will receive ?

A) Rs. 1033.33	B) Rs. 1024
C) Rs. 1148.14	D) Rs. 1245.32

Answer & Explanation Answer: A) Rs. 1033.33

Explanation:

Let
P's capital = p,
Q's capital = q and
R's capital = r.
Then

6p = 8q = 12r
=> 3p = 4q = 6r
=>q = 3p/4
r = 3p/6 = p/2
P : Q : R = p : 3p/4 : p/2
= 4 : 3 : 2
R's share = 4650 * (2/9) = 150*6 = Rs. 1033.33.

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3 6177

Q:

Munna and Chinna are partners in a firm out of which Munna is sleeping partner and Chinna is working partner. Munna invests Rs. 1,40,000 and Chinna invests Rs. 80,000. Chinna receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. Munna's share in the profit of Rs. 19600 is ?

A) Rs. 9580.25	B) Rs. 10600
C) Rs. 10664.15	D) Rs. 11060.48

Answer & Explanation Answer: C) Rs. 10664.15

Explanation:

Profit received by Chinna as working partner = 14.5% of Rs. 19600

= 14.5x19600/100 = Rs. 2842

Balance in profit = 19600-2842 = Rs. 16758

Ratio of investment of Chinna & Munna = 80,000 : 1,40,000 = 4 : 7

Hence share of Chinna in investment = 4x16758/100 = Rs. 6093.85

Therefore, Share of Munna = 19600 - 2842 - 6093.85 = Rs. 10664.15

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7 6126

Q:

K and L start a business jointly. K invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit L claims 2/7th share. How much money is contributed by L?

A) Rs. 13,204	B) Rs. 14,521
C) Rs. 12,800	D) Rs. 15,000

Answer & Explanation Answer: C) Rs. 12,800

Explanation:

Given share of L is 2/7 th of profit. Then, their profits are divided in to 5:2 ratio.

Ratio of K and L is

$\frac{16000 \times 8}{x \times 4} = \frac{5}{2}$

x = Rs. 12,800.

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Q:

A and B started a business after investing Rs. 12,000 and Rs. 14,400 respectively. At the end of the year B gets 12% of the total profit as management fees and the rest amount is distributed between both the partners in the ratio of their investments. If total annual profit is Rs. 7,500, then find the difference between their profits.

A) Rs. 1250	B) Rs. 600
C) Rs. 900	D) Rs. 1500

Answer & Explanation Answer: D) Rs. 1500

Explanation:

From the given data,

Ratio of capital = 12000 : 14400 = 5 : 6

Required Difference =

$\frac{6 - 5}{6 + 5} (\frac{88}{100} x 7500) + \frac{12}{100} x 7500 = \frac{1}{11} x 88 x 75 + 12 x 75 = 600 + 900 = 1500$

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8 5677

Q:

A sum of Rs. 4,300 is distributed among M, N and O, such that M receives 25% more than N and N receives 25% less than O. What is O’s share in the amount?

A) 1564	B) 1600
C) 1632	D) 1714

Answer & Explanation Answer: B) 1600

Explanation:

Let O's share = Rs. P

=> N's share = $\frac{75}{100} x P = \frac{3 P}{4}$

M's share = $\frac{5}{4} x \frac{3 P}{4} = \frac{15 P}{16}$

$\frac{15 P}{16} + \frac{3 P}{4} + P = 4300 = > P = 4300 x \frac{16}{43} = 1600$

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14 5497

Q:

A began a business with Rs. 85000. He was joined afterwards by B with Rs. 42,500. For how much perod does B join, if the profits at the end of the year are divided in the ratio of 3:1 ?

A) 8 months	B) 6 months
C) 7 months	D) 9 months

Answer & Explanation Answer: A) 8 months

Explanation:

Suppose B joined for x months.

Given profit is divided in the ratio 3:1. Then,

$\frac{85000 \times 12}{42500 \times x} = \frac{3}{1}$

--> x = 8 months.

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6 5406

Q:

Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them?

a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7.

b. Pranay's share in the profit is Rs. 8750.

A) Only a is sufficient	B) Neither a nor b is sufficient
C) Only b is sufficient	D) Both a and b sufficient

Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Given Pranay's profit in the share is Rs. 8750

But given that their investments are in the ratio 2:4:7

$\frac{7}{13} \times P$ = 8750

P = 16250

Now Anand's share = $\frac{4}{13} \times 16250$ = Rs.5000

Thus both staements a and b are sufficient to answer this question.

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