Partnership Questions and Answers - 1

Question: 1

Samaira, Mahira and Kiara rented a set of DVD’s at a rent of Rs. 578. If they asked it for 8 hours, 12 hours, and 14 hours respectively, what is Kiara’s share of rent to be paid?

(A) Rs. 204

(B) Rs. 215

(C) Rs. 238

(D) Rs. 278

Ans: C

Ratio of shares = 8 : 12 : 14 = 4 : 6 : 7.

∴ Kiara’s share = Rs.\$\$(578 × {7} / {17})\$\$ = Rs.238.

Question: 2

Anil, Kamal and Vini Invested Rs. 8000, Rs. 4000 and Rs. 8000 respectively in a business. Anil left after six months. If after eight months, there was a gain of Rs. 4005, then what will be the share of Kamal?

(A) Rs. 800

(B) Rs. 840

(C) Rs. 890

(D) Rs. 900

Ans: C

Ratio of profit of Anil : Kamal : Vini

= (8000 x 6) : (4000 x 8) : (8000 x 8) = 48000 : 32000 : 64000

= 48 : 32 : 64

= 3 : 2 : 4

∴ Kamal’s share = Rs \$\$(4005 × {2} / {9})\$\$ = Rs. 890.

Question: 3

P, Q and R invested Rs.45000, Rs.70000 and Rs.90000 respectively to start a business. At the end of 2 years, they earned a profit of Rs.164000. What will be Q’s share in the profit?

(A) Rs. 36000

(B) Rs. 56000

(C) Rs. 64000

(D) Rs. 72000

Ans: B

P : Q : R = 45000 : 70000 : 90000 = 9 : 14 : 18.

∴ Q’s share = Rs\$\$(16400 × {14} / {41})\$\$ = Rs. 56000.

Question: 4

Prakash, Sachin and Anil started a business jointly investing Rs. 11 lakh, Rs.16.5 lakh and Rs.8.25 lakh respectively. The profit earned by them in the business at the end of 3 years was Rs.19.5 lakh. What will be 50% of Anil’s share in the profit?

(A) Rs. 2.25 lakh

(B) Rs. 2.5 lakh

(C) Rs. 3.75 lakh

(D) Rs. 4.5 lakh

Ans: D

Ratio of shares = 11 : 16.5 : 8.25 = 4 : 6 : 3.

Anil’s share = Rs. \$\$(19.5 × {3} / {13})\$\$ lakh = Rs. 4.5 lakh.

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