Partnership Aptitude Questions - codeYaan

Q1. Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?

Simran : Nanda = (50000 * 36) : (80000 * 30) = 3:4

Simran's share = 24500 * 3/7 = Rs. 10500

Q2. 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?

A:B:C = (20000 * 24) : (15000 * 24) : (20000 * 18) = 4:3:3

B's share = 25000 * 3/10 = Rs. 7500.

Q3. Aman started a business investing Rs. 70,000. Rakhi joined him after six months with an amount of Rs. 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business?

Aman : Rakhi : Sagar = (70000 * 36) : (105000 * 30) : (140000 * 24)

= 12:15:16

Q4. 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?

A:B:C = (40000 * 36) : (80000 * 12 + 40000 * 24) : (120000 * 24 + 40000 * 12)

= 144:192:336 = 3:4:7

Q5. 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?

NO Solution

Q6. 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?

Investments of X, Y and Z respectively are Rs. 20000, Rs. 25000 and Rs. 30000

Let investment period of Z be x months.

Ratio of annual investments of X, Y and Z is (20000 * 12) : (25000 * 12) : (30000 * x)

= 240 : 300 : 30x = 8 : 10 : x

The share of Z in the annual profit of Rs. 50000 is Rs. 14000.

=> [x/ (18 + x)] 50000 = 14000 => [x/ (18 + x)] 25 = 7

=> 25x = 7x + (18 * 7) => x = 7 months.

Z joined the business after (12 - 7) months. i.e., 5 months

Q7. 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?

P:Q = 85000 : 15000 = 17:3.

Q8. Anand and Deepak started a business investing Rs. 22,500 and Rs. 35,000 respectively. Out of a total profit of Rs. 13,800, Deepak's share is:

Ratio of their shares = 22500 : 35000 = 9:14

Deepak's share = 13800 * 14/23 = Rs. 8400.

Q9. 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:

A:B:C = 35000 : 45000 : 55000 = 7:9:11

A's share = 40500 * 7/27 = Rs. 10500

B's share = 40500 * 9/27 = Rs. 13500

C's share = 40500 * 11/27 = Rs. 16500

Q10. 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?

Kamal : Sameer = (9000 * 12) : (8000 * 7)

= 108:56 = 27:14

Sameer's share = 6970 * 14/41 = Rs. 2380.

Q10. 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?

Kamal : Sameer = (9000 * 12) : (8000 * 7)

= 108:56 = 27:14

Sameer's share = 6970 * 14/41 = Rs. 2380.