Partnership EXERCISE Problems and Solutions

1. 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.31,570. Reena's share is
A.   Rs.9471   
B.  Rs. 12,628
C.  Rs.18,040   
D.  Rs.18,942
Explanation

2. P and Q started a business investing Rs.85,000 and Rs.15,000 respectively. In what ratio the profit earned after 2 years be divided between P and Q respectively?
A.  3 : 4   
B.  3 : 5
C.  15 : 23   
D.  17 : 3
Explanation

3. Simran started a software business by investing Rs.50,000. After six months , Nanda joined her with a capital of Rs.80,000. After 3 years , they earned a profit of Rs. 24,500. What was Simran's share in the profit?
A.  Rs.9423   
B.  Rs.10,250
C.  Rs.10,500   
D.  Rs.14,000
Explanation

4. Anand and Deepak started a business investing Rs. 22,500 and Rs. 35,000 respectively.
Out of a total profit of Rs. 13,800, Deepak’s share is:
A. Rs. 5400
B. Rs. 7200
C. Rs. 8400
D. Rs. 9600
Explanation

5. A and B started a partnership business investing some amount in the ratio of  3 : 5. C joined them after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C ?
A. 3 : 5 : 2
B. 3 : 5 : 5
C. 6 : 10 : 5
D. Data inadequate
E. None of these
Explanation

6. A, B and C enter into a partnership. A initially invests Rs. 25 lakhs and adds another Rs. 10 lakhs after one year. B initially invests Rs. 35 lakhs and withdraws Rs. 10 lakhs after 2 years C invests Rs. 30 lakhs. In what ratio should the profits be divided at the end 3 years?
A. 10 : 10 : 9
B. 20 : 20 : 19
C. 20 : 19 : 18
D. None of these
Explanation

7. A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
A. Rs. 7500
B. Rs. 9000
C. Rs. 9500
D. Rs. 10,000
E. None of these
Explanation

8. 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. 160
C. Rs. 180
D. Rs. 220
Explanation

9. A, B and C enter into a partnership with a capital in which A’s contribution is Rs. 10,000. If out of a total profit of Rs. 1000, A gets Rs.500 and B gets Rs. 300, then C’s capital is:
A. Rs. 4000
C. Rs. 6000
B. Rs. 5000
D. Rs. 9000
Explanation

10. In a business, A and C invested amounts in the ratio 2 : 1 , whereas the ratio between amounts invested by A and B was 3 : 2 . If Rs 157300 was their profit, how much amount did B receive?
A. 48000
B. 48200
C. 48400
D. 48600
Explanation

11. Three partners A , B , C start a business . B's Capital is four times C's capital and twice A's capital is equal to thrice B's capital . If the total profit is Rs 16500 at the end of a year ,Find out B's share in it.
A. 4000
B. 5000
C. 6000
D. 7000
Explanation

12. 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. 160
B. 180
C. 220
D. 225
Explanation