When two or more two people run a business jointly they are called partners and the deal is known as a partnership. It is a part of mathematics in most competitive exams. So Take this quiz and check your knowledge about the topic of Partnership.
1. A and B started a business investing Rs. 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between A and B respectively?
A. 17 : 3
B. 15 : 5
C. 17 : 23
D. 3 : 4
2. P, Q, R enter into a partnership investing Rs. 35000, Rs. 45000 and 55000 respectively. The respective shares of P, Q, R in an annual profit of 40500 are?
A. Rs. 12500, Rs.14000, Rs.16000
B. Rs. 11500, Rs.13500, Rs.16500
C. Rs. 10500, Rs.13500, Rs.16500
D. Rs. 11000, Rs.16000, Rs.17000
3. P, Q, R enters into a partnership investing Rs. 35000, Rs. 45000 and 55000 respectively. The respective shares of P, Q, R in an annual profit of 40500 are?
A. Rs. 12500, Rs.14000, Rs.16000
B. Rs. 11500, Rs.13500, Rs.16500
C. Rs. 10500, Rs.13500, Rs.16500
D. Rs. 11000, Rs.16000, Rs.17000
4. In a business R and T invested amounts in the ratio 2:1, where the ratio between amounts invested by R and S was 3:2 if Rs.157300 was their profit how much amount did S receive?
A. 24200
B. 36300
C. 72600
D. 48400
5. M and N invested in a business they earned some profit which they divided in the ratio of 2 : 3 if M invested Rs. 40000 the amount invested by N is?
A. 40000
B. 60000
C. 72000
D. 80000
6. P, Q, and R center into a partnership with a capital in which P's contribution is Rs.10000.if out of a total profit of Rs.1000, P gets Rs.500 and Q gets Rs.300 then R's capital is?
A. Rs. 4000
B. Rs. 6000
C. Rs. 9000
D. Rs. 5000
7. A started a business with Rs. 21000 and is joined afterward by B with Rs.36000 after how many months did B join if the profits at the end of the year are divided equally?
A. 3
B. 4
C. 5
D. 6
8. M began a business with Rs. 85000 he was joined afterward by N with Rs.42500 for how much period does N join if the profits at the end of the year are divided in the ratio of 3: 1?
A. 4 months
B. 5 months
C. 6 months
D. 8 months
9. A starts a business with Rs. 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2:3. What is B's contribution to the capital?
A. 7,500
B. 9000
C. 8,000
D. 8500
10. Three partners shared the profit in a business in the ratio 5: 7: 8. They had partnered for 14 months, 8 months, and 7 months respectively. What was the ratio of their investment?
A. 5 : 7 : 8
B. 28 : 49 : 64
C. 38 : 28 : 21
D. 20 : 35 : 64
11. R and Q invest in a business in the ratio 3: 2.if 5% of the total profit goes to charity and R share is Rs. 855 the total profit is?
A. Rs.1,425
B. Rs.1500
C. Rs.1575
D. None of these
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