Partnership - Aptitude Questions and Answers | Online Partnership MCQ Aptitude Test


Partnership - Aptitude Questions and Answers | Online Partnership MCQ Aptitude Test

Quiz NamePartnership
CategoryAptitude
Number of Questions20
Time30 Minutes
Exam TypeMCQ (Multiple Choice Questions)

1. A and B invest 3:2 in a firm. If 5% of the entire profit is donated to charity and A's share is Rs. 855, the total profit is:
a. Rs. 1425
b. Rs. 1500
c. Rs. 1537.50
d. Rs. 1576


2. A, B, and C discussed the possibility of starting a business together. A committed to invest Rs. 6500 for six months, Rs. 8400 for five months, and Rs. 10,000 for three months. A want to be a working member, for which he will be paid 5% of the earnings. A profit of Rs. 7400 was made. Calculate B's profit contribution.
a. Rs. 1900
b. Rs. 2660
c. Rs. 2800
d. Rs. 2840


3. A, B, and C form a partnership in the following ratio: : A increases his stake by 50% after four months. If the overall profit is Rs. 21,600 at the end of a year, B's portion of the profit is:
a. Rs. 2100
b. Rs. 2400
c. Rs. 3600
d. Rs. 4000


4. A, B, and C each invest Rs. 50,000 in a firm. A pays Rs. 4000 more than B, whereas B pays Rs. 5000 more than C. A earns the following from a total profit of Rs. 35,000:
a. Rs. 8400
b. Rs. 11,900
c. Rs. 13,600
d. Rs. 14,700


5. In a firm, three partners split the profit in a 5:7:8 ratio. They had been together for 14 months, 8 months, and 7 months. What was the investment ratio of theirs?
a. 5 : 7 : 8
b. 20 : 49 : 64
c. 38 : 28 : 21
d. None of these


6. A begins his business with Rs. 3500, and after 5 months, B becomes A's partner. The profit is split in a 2:3 ratio after a year. What role does B play in the capital?
a. Rs. 7500
b. Rs. 8000
c. Rs. 8500
d. Rs. 9000


7. A and B formed a partnership with a capital ratio of 4 to 5. A withdrew his capital after three months, while B withdrew his capital after three months. After ten months, the profit was Rs. 760. A's profit portion is as follows:
a. Rs. 330
b. Rs. 360
c. Rs. 380
d. Rs. 430


8. A and B formed a partnership and invested a certain sum in a 3:5 ratio. After six months, C joined, paying the same sum as B. What percentage of the profit should be allocated to A, B, and C at the conclusion of the year?
a. 3 : 5 : 2
b. 3 : 5 : 5
c. 6 : 10 : 5
d. Data inadequate


9. A, B, and C each rent a pasture. For grazing, A places 10 oxen for 7 months, B places 12 oxen for 5 months, and C places 15 oxen for 3 months. How much must C pay as his portion of rent if the pasture rent is Rs. 175?
a. Rs. 45
b. Rs. 50
c. Rs. 55
d. Rs. 60


10. A and B formed a partnership and invested Rs. 20,000 and Rs. 15,000, respectively, in their firm. C joined them six months later with Rs. 20,000. What percentage of the entire profit of Rs. 25,000 generated after two years from the commencement of the firm would go to B?
a. Rs. 7500
b. Rs. 9000
c. Rs. 9500
d. Rs. 10,000


11. A started a company with Rs. 85,000. After that, B joined him with Rs. 42,500. If the earnings at the end of the year are divided in the ratio of 3:1, how long does B join?
a. 4 months
b. 5 months
c. 6 months
d. 8 months


12. Aman invested Rs. 70,000 in his firm. After six months, Rakhi joined him with Rs. 1,05,000, and after another six months, Sagar joined them with Rs. 1.4 lakhs. 3 years after Aman began the firm, how much profit should be divided among Aman, Rakhi, and Sagar?
a. 7 : 6 : 10
b. 12 : 15 : 16
c. 42 : 45 : 56
d. Cannot be determined


13. In a business, Arun, Kamal, and Vinay each put in Rs. 8000, Rs. 4000, and Rs. 8000, respectively. After six months, Arun decided to leave. What will be Kamal's share if there is a gain of Rs. 4005 after eight months?
a. Rs. 890
b. Rs. 1335
c. Rs. 1602
d. Rs. 1780


14. Simran invested Rs. 50,000 in his software firm. Nanda joined her six months later with a capital of Rs. 80,000. They made a profit of Rs. 24,500 after three years. What percentage of the profit did Simran get?
a. Rs. 9,423
b. Rs. 10,250
c. Rs. 12,500
d. Rs. 10,500


15. Ravi, Gagan, and Nitin are partners in a business venture. What percentage of the profit does Gagan get? I. Ravi, Gagan, and Nitin invested the money in a 2:4:7 ratio. II. Nitin's profit portion amounts to Rs. 8750.
a. I alone sufficient while II alone not sufficient to answer
b. II alone sufficient while I alone not sufficient to answer
c. Either I or II alone sufficient to answer
d. Both I and II are necessary to answer


16. Rahul, Anurag, and Vivek formed a partnership. What percentage of the annual earnings would be shared among them? I. One-fourth of the profit went to me, Rahul.II. Rahul and Vivek were responsible for 75% of the entire investment.
a. I alone sufficient while II alone not sufficient to answer
b. II alone sufficient while I alone not sufficient to answer
c. Either I or II alone sufficient to answer
d. Both I and II are necessary to answer


17. How much profit did Rohit make in the Nitin, Rohit, and Kunal firm at the end of the year? I. Kunal invested Rs. 8000 for nine months, making four times the profit of Rohit and four times the investment of Nitin. II. Nitin and Rohit each put in a year's worth of money in a 1:2 ratio. III. At the end of the year, the three of them made a profit of Rs. 1000.
a. Only I and II
b. Only I and III
c. Question cannot be answered even with the information in all the three statements.
d. All I, II and III


18. In a joint venture, what is R's profit share? I. Q began his firm with an investment of Rs. 80,000. II.After three months, R joined him. III. P joined with a capital of Rs. 1,20,000 after 4 months and received Rs. 6000 as a share profit.
a. All I, II and III
b. I and III only
c. II and III only
d. Even with all I, II and III, the answer cannot be arrived at


19. For a period of three years, three buddies, P, Q, and R, formed a partnership firm in which they invested money in a 5:4:2 ratio. What is the amount that P earned as a share profit? I. The total amount of money invested in the company is Rs. 22,000 II. The profit earned after three years is a percentage of the entire investment. III. The annual profit gained is on average Rs. 2750.
a. I or II or III
b. Either III only, or I and II together
c. All I, II and III are required.
d. None of these




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