# PRACTICE QUESTIONS ON PARTNERSHIP

### Examination Questions on Partnership

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1. A and B started a business by investing Rs. 3,50,000 and Rs. 1,40,000. A gets 20% of the yearly profit for managing the business. Thereafter the profit is divided in the ratio of the capital. If A receives totally Rs. 38,000 more than B at the end of a year, then the profit is

1. Rs. 28,000
2. Rs. 70,000
3. Rs. 1,05,000
4. Rs. 2,80,000

2. A, B and C subscribe together Rs. 50,000 for a business. A subscribes Rs. 4,000 more than B and B subscribes Rs. 5,000 more than C. Out of a total profit of Rs. 35,000. A receives

1. Rs. 8500
2. Rs. 11,998
3. Rs. 12,600
4. Rs. 14,700.

3. A and B are partners in a business. A contributes 1/4 of the capital for 15 months and B receives 2/3 of the profit. Find for how long B’s money was used.

1. 6 months
2. 8 months
3. 10 months
4. 12 months.

4. In a partnership business, A invests 1/6th of the capital for 1/6th of the total time, B invests 1/4th of the capital for 1/4th of the total time and C, the rest of the capital for the whole time. Out of a profit of Rs. 19,400, B’s share is:

1. Rs. 1800
2. Rs. 1200
3. Rs. 1500
4. Rs. 2000.

5. A and B invest in a business in the ratio 5:4. If 10% of the total profit goes to charity and A’s profit share is Rs. 7500, then the total profit is

1. Rs. 7,500
2. Rs. 15,000
3. Rs. 12,000
4. Rs. 10,000

6. Ram starts business with Rs. 7,000 and after 5 months, Sham joined as a partner. After a year the profit is divided in the ratio 2:3. The capital of Sham is:

1. Rs. 18,000
2. Rs. 10,000
3. Rs. 6,500
4. Rs. 9,000

7. In a business partnership among A, B, C and D, the profit is shared by A and B, B and C, C and D in 1 : 3 ratio respectively. If the total profit is Rs. 4,00,000 the share of C is:

1. Rs. 1,12,500
2. Rs. 1,37,500
3. Rs. 90,000
4. Rs. 2,70,000

8. A started a business with a capital of Rs. 1,00,000. One year later, B joined him with a capital of Rs. 2,00,000. At the end of 3 years from the start of the business, the profit earned was Rs. 84,000. The share of B in the profit exceeded the share of A by.

1. Rs. 10,000
2. Rs. 12,000
3. Rs. 14,000
4. Rs. 15,000.

9. A, B and C started a business by investing Rs. 40,500, Rs. 45,000 and Rs. 60,000 respectively. After 6 months C withdrew Rs. 15,000 while A invested Rs. 45,000 more. In annual profit of Rs. 56,100, the share of C will exceed that of A by:

1. Rs. 900
2. Rs. 1100
3. Rs. 3000
4. Rs. 3900

10. A profit of Rs. 33, 630 earned during an year is divided among A, B and C. The profit sharing ratio of A and B is 3 : 7 and that of B and C is 6 : 5. The amount of money received by B is:

1. Rs. 14,868
2. Rs. 16,257
3. Rs. 13,290
4. Rs. 12,390

11. A person P started a business with a capital of Rs. 2,525 and another person Q joined P after some months with a capital of Rs. 1,200. Out of the total annual profit of Rs. 1,644, P’s share was Rs. 1,212. When did Q join as partner?

1. After 2 months
2. After 3 months
3. After 4 months
4. After 5 months