Top 50+ Partnership Aptitude Questions and Answers - 1

Question: 1

A, B and C enter into a partnership. They invest Rs.40,000, Rs.80,000 and Rs.1,20,000 respectively. At the end of the first year, B withdraws Rs.40,000, while at the end of the second year, C withdraws Rs.80,000. In what ratio will the profit be shared at the end of 3 years?

(A) 1 : 2 : 3

(B) 2 : 3 : 5

(C) 3 : 4 : 7

(D) 4 : 5 : 9

Ans: C

A : B : C = (40000 x 36) : (80000 x 12 + 40000 x 24) : (120000 x 24 + 40000 x 12)

            = 144 : 192 : 336

            = 3 : 4 : 7.

Question: 2

Reena and Shaloo are partners in a business. Reena invests Rs.35,000 for 8 months and Shaloo invests Rs.42,000 for 10 months. Out of a profit of Rs.31, 750, Reena’s share is

(A) Rs. 9471

(B) Rs. 12, 628

(C) Rs. 18,040

(D) Rs. 18,942

Ans: B

Ratio of their shares = (35000 x 8) : (42000 x 10) = 2 : 3.

Reena’s share = Rs. ($$31570 × 2/\5$$) = Rs. 12628.

Question: 3

Aman started a business investing Rs.70,000. Rakhi hoined him after six months with an amount of Rs.1,05,000 and Sagar joined them with Rs.1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business?

(A) 7 : 6 : 10

(B) 12 : 15 : 16

(C) 42 : 45 : 56

(D) Cannot be determined

Ans: B

Aman : Rakhi : Sagar = (70000 x 36) : (105000 x 30) : (140000 x 24)

                                = 12 : 15 : 16.

Question: 4

A and B entered into a partnership investing Rs.16,000 and Rs.12,000 respectively. After 3 months, A withdrew Rs.5000 while B invested Rs.5000 more. After 3 years of C, out of a total profit of Rs.21,000. The share of B exceeds that of C, out of a total profit of Rs.26,400 after one year by

(A) Rs. 2400

(B) Rs. 3000

(C) Rs.3200

(D) Rs.3600

Ans: D

A : B : C = (16000 x 3 + 11000 x 9) : (12000 x 3 + 17000 x 9) : (21000 x 6)

            = 147 : 189 : 126

            = 7 : 9 : 6.

Question: 5

A, B, C hired a car for Rs.520 and used it for 7, 8 and 11 hours respectively. Hire charges paid by B were

(A) Rs. 140

(B) Rs. 150

(C) Rs. 160

(D) Rs. 180

Ans: C

A : B : C = 7 : 8 : 11.

Hire charges paid by B = Rs. $$(520 × 8/{26})$$= Rs. 160.

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