Partnership MCQs for Entry Test with Answers and Explanations [PDF]

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?

Option A: 2 : 3 : 4

Option B: 3 : 2 : 4

Option C: 3: 2 : 1

Option D: 3: 4 : 7

Correct Answer: 3: 4 : 7 ✔

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A began a business with Rs. 85,000. He was joined afterwards by B with Rs. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1?

Option A: 4 months

Option B: 5 months

Option C: 6 months

Option D: 8 months

Correct Answer: 8 months ✔

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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?

Option A: 2:3:5

Option B: 3:4:7

Option C: 4:5:9

Option D: None of these

Correct Answer: 3:4:7 ✔

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

Option A: 7:6:10

Option B: 12:15:16

Option C: 42:45:56

Option D: Cannot be determined

Correct Answer: 12:15:16 ✔

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A and B started 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?

Option A: Rs. 7500

Option B: Rs. 9000

Option C: Rs. 9500

Option D: Rs. 10,000

Correct Answer: Rs. 7500 ✔

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Sameena started a software business by investing Rs. 50,000. After six months, Nida joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Saneena’s share in the profit?

Option A: Rs. 9423

Option B: Rs. 10,250

Option C: Rs. 12,500

Option D: Rs. 14,000

Correct Answer: None of these ✔

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Kamal started a business investing Rs. 9000. After five months, Sameer joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit?

Option A: Rs. 1883.78

Option B: Rs. 2380

Option C: Rs. 3690

Option D: Rs. 3864

Correct Answer: Rs. 2380 ✔

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A, B, C enter into a partnership investing Rs. 35,000, Rs. 45,000 and Rs. 55,000 respectively. The respective shares of A, B, C in annual profit of Rs. 40,500 are:

Option A: Rs. 10,500, Rs. 13,500, Rs. 16,500

Option B: Rs. 11,500, Rs. 13,000, Rs. 16,000

Option C: Rs. 11,000, Rs. 14,000, Rs. 15,500

Option D: Rs. 11,500, Rs. 12,500, Rs. 16,500

Correct Answer: Rs. 10,500, Rs. 13,500, Rs. 16,500 ✔

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Anees and Raees started a business investing Rs. 22,500 and Rs. 35,000 respectively. Out of a total profit of Rs. 13,800, Raees’s share is:________?

Option A: Rs. 5400

Option B: Rs. 7200

Option C: Rs. 8400

Option D: Rs. 9600

Correct Answer: Rs. 8400 ✔

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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?

Option A: 3:4

Option B: 3:5

Option C: 15:23

Option D: 17:23

Correct Answer: None of these ✔

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X and Y started a business with capitals Rs. 20000 and Rs. 25000. After few months Z joined them with a capital of Rs. 30000. If the share of Z in the annual profit of Rs. 50000 is Rs. 14000, then after how many months from the beginning did Z join?

Option A: 7

Option B: 6

Option C: 3

Option D: 4

Correct Answer: None of these ✔

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P and Q started a business with respective investments of Rs. 4 lakhs and Rs. 10 lakhs. As P runs the business, his salary is Rs. 5000 per month. If they earned a profit of Rs. 2 lakhs at the end of the year, then find the ratio of their earnings?

Option A: 2 : 5

Option B: 5 : 2

Option C: 3 : 5

Option D: 1 : 1

Correct Answer: 1 : 1 ✔

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Four car rental agencies A, B, C and D rented a plot for parking their cars during the night. A parked 15 cars for 12 days, B parked 12 cars for 20 days, C parked 18 cars for 18 days and D parked 16 cars for 15 days. If A paid Rs. 1125 as rent for parking his cars, what is the total rent paid by all the four agencies?

Option A: Rs. 4500

Option B: Rs. 4800

Option C: Rs. 5250

Option D: Rs. 6150

Correct Answer: Rs. 6150 ✔

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A started a business with an investment of Rs. 70000 and after 6 months B joined him investing Rs. 120000. If the profit at the end of a year is Rs. 52000, then the share of B is?

Option A: Rs. 28000

Option B: Rs. 24000

Option C: Rs. 30000

Option D: Rs. 26000

Correct Answer: Rs. 24000 ✔

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A, B and C started a business with capitals of Rs. 8000, Rs. 10000 and Rs. 12000 respectively. At the end of the year, the profit share of B is Rs. 1500. The difference between the profit shares of A and C is?

Option A: Rs. 300

Option B: Rs. 400

Option C: Rs. 500

Option D: Rs. 600

Correct Answer: Rs. 600 ✔

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A and B start a business, with A investing the total capital of Rs.50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs.1500 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?

Option A: 53000

Option B: 58000

Option C: 50000

Option D: 59000

Correct Answer: 59000 ✔

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A and B invests Rs.8000 and Rs.9000 in a business. After 4 months, A withdraws half of his capital and 2 months later, B withdraws one-third of his capital. In what ratio should they share the profits at the end of the year?

Option A: 20:23

Option B: 34:43

Option C: 32:45

Option D: 37:45

Correct Answer: 32:45 ✔

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A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?

Option A: Rs.8000, Rs.17000

Option B: Rs.9000, Rs.16000

Option C: Rs.18000, Rs.7000

Option D: Rs.10000, Rs.15000

Correct Answer: Rs.10000, Rs.15000 ✔

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A and B starts a business with Rs.8000 each, and after 4 months, B withdraws half of his capital . How should they share the profits at the end of the 18 months?

Option A: 18:11

Option B: 22:13

Option C: 23:12

Option D: 11:9

Correct Answer: 18:11 ✔

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A and B start a business with Rs.6000 and Rs.8000 respectively. Hoe should they share their profits at the end of one year?

Option A: 1:2

Option B: 3:4

Option C: 2:5

Option D: 3:7

Correct Answer: 3:4 ✔

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A, B and C invests Rs.2000, Rs.3000 and Rs.4000 in a business. After one year A removed his money; B and C continued the business for one more year. If the net profit after 2 years be Rs.3200, then A’s share in the profit is?

Option A: Rs.1000

Option B: Rs.600

Option C: Rs.800

Option D: Rs.400

Correct Answer: Rs.400 ✔

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Kashif and Nadeem jointly started a business. Kashif invested three times as Nadeem did and invested his money for double time as compared to Nadeem. Nadeem earned Rs. 4000. If the gain is proportional to the money invested and the time for which the money is invested then the total gain was?

Option A: Rs.16000

Option B: Rs.20000

Option C: Rs.24000

Option D: Rs.28000

Correct Answer: Rs.28000 ✔

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A is a working partner and B is a sleeping partner in the business. A puts in Rs.15000 and B Rs.25000, A receives 10% of the profit for managing the business the rest being divided in proportion of their capitals. Out of a total profit of Rs.9600, money received by A is?

Option A: Rs.3240

Option B: Rs.3600

Option C: Rs.3800

Option D: Rs.4200

Correct Answer: Rs.4200 ✔

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The ratio of investments of two partners P and Q is 7:5 and the ratio of their profits is 7:10. If P invested the money for 5 months, find for how much time did Q invest the money?

Option A: 7 months

Option B: 10 months

Option C: 9 months

Option D: 11 months

Correct Answer: 10 months ✔

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A and B start a business jointly. A invests Rs.16000 for 8 months and B remains in the business for 4 months. Out of the total profit B claims 2/7th share. How much money is contributed by B?

Option A: Rs.10000

Option B: Rs.12800

Option C: Rs.6000

Option D: Rs.8000

Correct Answer: Rs.12800 ✔

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In a partnership between A, B and C. A’s capital is Rs.5000. If his share of a profit of Rs.800 is Rs.200 and C’s share is Rs.130, what is B’s capital?

Option A: Rs.3250

Option B: Rs.6250

Option C: Rs.10250

Option D: Rs.11750

Correct Answer: Rs.11750 ✔

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A and B invests Rs.3000 and Rs.4000 respectively in a business. If A doubles his capital after 6 months. In what ratio should A and B divide that year’s profit?

Option A: 9:10

Option B: 9:8

Option C: 3:4

Option D: 39:49

Correct Answer: 9:8 ✔

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A and B put in Rs.300 and Rs.400 respectively into a business. A reinvests into the business his share of the first year’s profit of Rs.210 where as B does not. In what ratio should they divide the second year’s profit?

Option A: 39:40

Option B: 40:39

Option C: 3:4

Option D: 4:3

Correct Answer: 39:40 ✔

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A and B rent a pasture for 10 months. A put in 80 cows for 7 months. How many can B put in for the remaining 3 months, if he pays half as much again as A?

Option A: 120

Option B: 180

Option C: 200

Option D: 280

Correct Answer: 280 ✔

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A, B and C enter into partnership. A invests some money at the beginning, B invests double the amount after 6 months, and C invests thrice the amount after 8 months. If the annual gain be Rs.18000. A’s share is?

Option A: Rs.7500

Option B: Rs.7200

Option C: Rs.6000

Option D: Rs.5750

Correct Answer: Rs.6000 ✔

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Three persons invested Rs.9000 in a joint business. The second person invested Rs.1000 more than the first and the third Rs.1000 more than second. After two years, they gained Rs.5400. How much third person will get?

Option A: Rs.2400

Option B: Rs.3600

Option C: Rs.2850

Option D: Rs.2000

Correct Answer: Rs.2400 ✔

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A, B and C are partners. A receives 2/3 of profits, B and C dividing the remainder equally. A’s income is increased by Rs.200 when the rate to profit rises from 5 to 7 percent. Find the Capital of B?

Option A: Rs.2450

Option B: Rs.3600

Option C: Rs.2500

Option D: Rs.3100

Correct Answer: Rs.2500 ✔

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Two persons A and B take a field on rent. A puts on it 21 horses for 3 months and 15 cows for 2 months; B puts 15 cows for 6months and 40 sheep for 7 1/2 months. If one day, 3 horses eat as much as 5 cows and 6 cows as much as 10 sheep, what part of the rent should A pay?

Option A: 1/3 rd

Option B: 2/5 th

Option C: 2/3 rd

Option D: 1/5 th

Correct Answer: 1/3 rd ✔

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A, B and C rents a pasture for Rs.870. A put in 12 horses for 8 months, B 16 horses for 9 months and 18 horses for 6 months. How much should C pay?

Option A: Rs.270

Option B: Rs.185

Option C: Rs.215

Option D: Rs.380

Correct Answer: Rs.270 ✔

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A began business with Rs.45000 and was joined afterwards by B with Rs.5400. When did B join if the profits at the end of the year were divided in the ratio of 2:1?

Option A: 4 months

Option B: 6 months

Option C: 7 months

Option D: 9 months

Correct Answer: 7 months ✔

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A, B and C are entered into a partnership. A invested Rs.6500 for 6 months, B invested Rs.8400 for 5 months and C invested for Rs.10000 for 3 months. A is a working partner and gets 5% of the total profit for the same. Find the share of C in a total profit of Rs.7400.

Option A: 1750

Option B: 1900

Option C: 8600

Option D: 10300

Correct Answer: 1900 ✔

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A, B and C are partners in a business. Their capitals are respectively, Rs.5000, Rs.6000 and Rs.4000. A gets 30% of the total profit for managing the business. The remaining profit is divided among three in the ratio of their capitals. In the end of the year, the profit of A is Rs.200 more than the sum of the profits of B and C. Find the total profit.

Option A: Rs.4500

Option B: Rs.5200

Option C: Rs.1800

Option D: Rs.3000

Correct Answer: Rs.3000 ✔

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If 6 (A’s capital) = 8 (B’s capital) = 10 (C’s capital). Then the ratio of their capitals is:

Option A: 3:4:5

Option B: 12:15:20

Option C: 20:15:12

Option D: 6:8:10

Correct Answer: 20:15:12 ✔

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A, B, C together started a business. A invested Rs.6000 for 5 months B invested Rs.3600 for 6 months and C Rs.7500 for 3 months. If they get a total profit of Rs.7410. Find the share of A?

Option A: Rs.3750

Option B: Rs.3000

Option C: Rs.3200

Option D: Rs.2160

Correct Answer: Rs.3000 ✔

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A starts business with a capital of Rs.1200 B and C join with some investments after 3 and 6 months respectively. If the end of a year, the profit is divided in the ratio 2:3:5 respectively. What is B’s investment in the business?

Option A: Rs.2400

Option B: Rs.1800

Option C: Rs.3600

Option D: Rs.6000

Correct Answer: Rs.2400 ✔

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A and B began business with Rs.3000 and Rs.4000 after 8 months, A withdraws Rs.1000 and B advances Rs.1000 more. At the end of the year, their profits amounted to Rs.630 find the share of A.

Option A: Rs.240

Option B: Rs.350

Option C: Rs.340

Option D: Rs.390

Correct Answer: Rs.240 ✔

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A and B enter into partnership with capital as 7:9. At the end of 8 months, A withdraws. If they receive the profits in the ratio of 8:9 find how long B’s capital was used?

Option A: 6 months

Option B: 8 months

Option C: 10 months

Option D: 7 months

Correct Answer: 7 months ✔

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A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?

Option A: Rs.18000

Option B: Rs.15000

Option C: Rs.17000

Option D: Rs.14000

Correct Answer: Rs.14000 ✔

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A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2460?

Option A: Rs.480

Option B: Rs.615

Option C: Rs.820

Option D: Rs.740

Correct Answer: Rs.820 ✔

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A, B and C invested Rs.6300, Rs.4200 and Rs.10500 respectively, in a partnership business. Find the share of A in profit of Rs.12100 after a year?

Option A: Rs.3630

Option B: Rs.2840

Option C: Rs.3200

Option D: Rs.5600

Correct Answer: Rs.3630 ✔

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