Partnership - Questions and Answers
Practice questions on Partnership.
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16. A is a working and B, a sleeping partner in a business, A puts in Rs. 12000 and B Rs. 20000. A receives 10% of the profits four managing, the rest being divided in proportion to their capitals, Out of a total profit of Rs. 9600, the money received by A is:
Explanation: ANSWER : Rs. 4200
17. A,B,C, enter into a partnership and their capitals are in the proportion of . A withdraws half his capital at the end of 4 months. Out of a total annual profit of Rs. 847, A� share is:
Explanation: ANSWER : Rs. 280
18. Four milkmen rented a pasture. A grazed 18 cows for 4 months: B 25 cows for 2 months, c 28 cows for 5 months and D 21 cows for 3 months. If A� s share of rent is Rs. 360, the total rent of the field is:
Explanation: ANSWER : Rs. 1625
19. In a partnership, A invests (1/6) of the capital for (1/6) of the time, B invests (1/3) of the capital for (1/3) of the time and C, the rest of the capital for the whole time. Out of a profit of Rs. 4600, B�s share is:
Explanation: ANSWER : Rs. 800
20. A and B entered into a partnership investing Rs. 16000 and RS, 12000 respectively. After 3 months, A withdrew Rs. 5000 while b invested Rs. 5000 more After 3 more months C joins the business with a capital of Rs. 21000. The share of B exceeds that of C, out of a total profit of Rs. 26400 after one year, by
Explanation: ANSWER : Rs.3600