Partnership - Questions and Answers
Practice questions on Partnership.
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6. A, B and C enter into partnership by making investments in the ratio 3:5:7. After a year, C invests another Rs. 337600 while A withdrew Rs. 45600. The ratio of investments then changes to 24 : 59 : 167. How much did A invest initially?
Explanation: ANSWER : Rs. 141600
7. Manoj got Rs. 6000 as his share out of a total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs. 20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?
Explanation: ANSWER : Rs.5000
8. Jagmohan, Rooplal and Pandeyji rented a video cassette for one week at rent of Rs. 350, If the use it for 6 hours, 10 hours, and 12 hours respectively, the rent to be paid by Pandeyji is :
Explanation: ANSWER : Rs.150
9. A and B start a business with initial investments in the ratio 12 : 11 and their annual profits were in the ratio 4 :1. If A invested the money for 11 months, B invested the money for:
Explanation: ANSWER : 3 months
10. Kanti started a business investing Rs. 9000, Five months later sudhakar joined him by investing Rs. 8000. If they make a profit of Rs. 6970 at the end of year, Sudhakar�s share of profit is:
Explanation: ANSWER : Rs. 2380