Partnership Quiz for IBPS, SBI, RBI: Quiz – 10

Partnership Quiz for IBPS, SBI, RBI: Quiz -10

Partnership Questions is asked in almost all banking and competitive exams. Candidates will be able to solve Partnership Questions quickly and effectively without wasting time, if they learn the Partnership methods and tricks. So, here we are providing you the Partnership Quiz. This Partnership Quiz includes a detailed solution for each question. This Partnership Quiz is completely free. This Partnership Quiz is based on the most recent or latest exam pattern. Candidates should aim to solve as much of this Partnership Quiz as possible before taking any competitive exam. Candidates who take their time and properly complete this Partnership Quiz will do well on their upcoming exams.

1. Two persons X and Y enter into a business by investing their sum in the ratio of 5 : 6. After 8 months, X leaves the business. After a year, if total profit is Rs. 1260, what is the profit of X?
(a) 445
(b) 450
(c) 440
(d) 460
(e) None of these

Answer & Explanation

2. P, Q and R invested Rs. 45,000, Rs. 70,000 and Rs. 90,000 respectively to start a business. At the end of two years, they earned a profit of Rs. 1,64,000. What will be Q’s share in the profit?
(a) Rs. 56,000
(b) Rs. 35,000
(c) Rs. 72,000
(d) Rs. 64,000
(e) None of these

Answer & Explanation

3. A and B entered into a partnership. They invested for same time and B got 4320 Rs. as his share in profit. If ratio between total investment to total profit is 25 : 18 then find the B’s investment.
(a) 8000
(b) 3000
(c) 5000
(d) 4000
(e) 6000

Answer & Explanation

4. Mr. Suresh opened a workshop investing Rs. 40000. He invested additional amount of Rs. 12000 at the end of every year. After 2 years his brother Ramesh joined him with an amount of Rs. 85000. Thereafter Ramesh did not invest any additional amount. Find the difference between their shares in profit, if the sum of their profit at the end of 4 years is Rs. 603000.
(a) 91000 Rs.
(b) 95000 Rs.
(c) 80000 Rs.
(d) 93000 Rs.
(e) 83000 Rs.

Answer & Explanation

5. A started a business, B and C joined him in the 1st year, they invested in the ratio of 5:4:7 respectively and the period for which they invested was in the ratio of 4:3:2 respectively. In the 2nd year, A doubled the investment, B and C continued with the same investment as they investor for the same no. of month as they did in 1st year. The total profit after 2 years was 14000. What is B’s share of profit.?
(a) Rs 2500
(b) Rs 3000
(c) Rs 3500
(d) Rs 4000
(e) Rs 4500

Answer & Explanation

6. Three persons P, Q and R started a business by investing their capitals in the ratio of 3 : 4 : 5. After 4 months, Q invested twice more of capital amount of P and R withdrew half of capital amount invested by Q initially. After a year, the total profit was Rs. 10,120. Find the share of P in the profit.
(a) Rs. 2070
(b) Rs. 2080
(c) Rs. 2210
(d) Rs. 2400
(e) None of these

Answer & Explanation

7. X, Y and Z enter into partnership. X invests 1/4 part of total capital for one-fourth of the time. Y contributes one fifth of the capital for half of the time. Z contributes the remaining capital for the whole time. How should they divided a profit of Rs. 1140?
(a) Rs. 100, Rs. 160, Rs. 880
(b) Rs. 120, Rs. 140, Rs. 880
(c) Rs. 120, Rs. 150, Rs. 840
(d)Rs. 140, Rs. 170, Rs. 830
(e) None of these

Answer & Explanation

8. A, B and C enter into a partnership. A invests Rs. 8000 for the whole year, B invests Rs. 12000 at first and increased by Rs. 4000 at the end of 4 months, whilst C invest at first Rs. 16000 but withdraw Rs. 4000 at the end of 9 months. Find the profit of A at the end of year, if the total profit is Rs. 22600.
(a) Rs. 4800
(b) Rs. 4600
(c) Rs. 4750
(d) Rs. 4300
(e) Rs. 4400

Answer & Explanation

9. Aditya and Manish continued in a joint business for 36 months. Aditya contribute Rs. 300 for certain time and Manish invested Rs. 500 for remaining time. If out of total profit of Rs. 1020, Aditya gets Rs. 495, then for how long Aditya kept his money?
(a) 16 months
(b) 14 months
(c) 8 months
(d) 22 months
(e) 24 months

Answer & Explanation

10. X, Y, Z enter into partnership with capital contribution Rs. 50000, 20000 and 30000 respectively X is working partner of get 20% of profit for managing the business. The remaining profit is distributed in the respect of capital. At the end of a year X gets Rs. 300 more than Y and Z then total profit is ?
(a) Rs. 1200
(b) Rs. 1700
(c) Rs. 2200
(d) Rs. 1500
(e) Rs.1400

Answer & Explanation

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