Partnership

Type I-Basic Questions (Time is same) 5) M and N invested in a business in which M invest 250
1) P, Q, R hired Taxi for Rs. 680 and used it for 3, 5, 9 rupee more than N. N invested for 6 months while M
hours. Respectively hire charges paid by Q are: invested for 4 months. If M get 200 more than N out of a
A)Rs 100 B)Rs 200 total profit of 1000. Then the total amount invested in the
C)Rs 300 D)Rs 350 business.
A) 550 B) 650 C) 750 D) 850 E) None
2) If 8 (P’s Capital) = 10 (Q’s Capital) = 12 (R’s Capital),
then out of the total profit of Rs 2590, Q will receive? 6) Prabhu initiated his business with (1/2) of the total
A) Rs. 740 B) Rs. 630 C)Rs.840 capital for (1/4)th of the time . His brother Sunny invests
D) Rs. 730 E) None (1/3) of the capital for (1/2)th of the time and Prabhu’s
friend Tarun invests the remaining capital for the whole
3) P, Q and R invested Rs. 45k, Rs. 70k and 90k time. Find the share of Tarun in the total profit of Rs.
respectively to start a business. At the end of two years, 1,21,000.
they earned a profit of Rs. 164k. What will be the Q’s A) Rs.20,000 B) Rs.24,500 C)Rs.50,000
share in the profit? D) Rs.33,420 E) Rs.44,000
A)Rs. 56k B)Rs. 35k
C)Rs. 72k D)Rs. 72k Type III- After some time second partner joins
1) Gita started a business investing Rs. 60000. After six
4) Puneet, Sumit and Amit started a business jointly months Kanchan joined her with Rs. 90000. After another
investing Rs. 11 lakh, 16.5 lakh and 8.25 lakh six months Rekha also joined them with Rs. 1.35 lakh.
respectively. The profit earned by them in the business at The profit earned at the end of 3 years when Gita started
the end of three years was Rs. 19.5 lakh. What will be the the business should be distributed among Gita, Kanchan
half of Amit’s share in the profit? and Rekha in the ratio of
A)Rs 4.5 lakh B)Rs 2.25 lakh A)4 : 5 : 6 B)6 : 7 : 8 C)6 : 8 : 7 D)6 : 5 : 4
C)Rs 2.5 lakh D)Rs 3.75 lakh
2) P starts business with Rs.4500 and after 9 months, Q
5) Mukul, Atul and Rahul started a business. Mukul joins with P as his partner. After a year, the profit divided
invested 2/7th of the total investment and the total in the 3 : 5. What is Q's contribution in the capital?
investment of Mukul and Atul is equals to the investment A)Rs. 5,000 B)Rs. 10,000
of Rahul. If they distributed profit in the capital ratio and C)Rs. 20,000 D)Rs.30,000
Atul received Rs 1530, find the total profit.
A)Rs 6550 B)Rs 6920 C)Rs 7140 3) P and Q enter into partnership. P invests some money
D)Rs 7350 E)Rs 7560 at beginning, Q invests double the amount after 4 months
and R invests thrice the amount after 8 months. If the
Type II- Time is given (Time is different) annual profit be Rs.32000, R's share is?
1) Three partners shared the profit in a business in the A)Rs 12,000 B)Rs 15,000 C)Rs 32,000
ratio 5 : 7 : 8. They had partnered for 14 months, 8 months D)Rs 35,000 E)Rs 9600
and 7 months respectively. What was the ratio of their
investments? 4) Aman started a business investing Rs. 70,000. Rakhi
A)5 : 7 : 8 B)20 : 49 : 64 joined him after six months with an amount of Rs..
C)38 : 28 : 21 D)None of these 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after
another six months. The amount of profit earned should
2) A invested Rs 25,300 for 7 months, B invested Rs be distributed in what ratio among Aman, Rakhi and
25,200 for 11 months and C invested Rs 27,500 fir 7 Sagar respectively, 3 years after Aman started the
months. Find the share of A and C together out of a total business?
profit of Rs33,600. A)7 : 6 : 10 B)12 : 15 : 16
A) Rs 18,600 B) Rs 17,500 C)Rs19,500 C)42 : 45 : 56 D)Cannot be determined
D) Rs 21,500 E) Rs 19,200
5) ) Shubham invested Rs. 2250 in a business and after
3) Ananya, Dhairya and Chintu started a business some time Shivam also join him and invested Rs. 2500.
investing Rs. 10000, 15000, 18000 respectively. Ananya At the end of year Shivam received Rs. 2750 profit out of
kept the money for whole year, Dhairya kept his entire Rs. 6050. After how much time did he join the business?
amount for 9 months and Chintu kept his money for 7 A)9 B)6 C)4 D)8 E)None of these
months. If after a year, Chintu earned Rs. 2100, find the
difference between the profit of Ananya and Dhairya. 6) Arun and Vibha started a business by investing Rs
A)Rs 200 B)Rs 250 C)Rs 160 D)Rs 300 20,000 and Rs 16,000 respectively. After 4 months, Tisha
joined them by investing Rs 24,000. Also Arun and Vibha
4) P and Q started a retail store with initial investments in both added Rs 3000. Find the difference in profits of Arun
the ratio 5 : 6 and their annual profits were in the ratio 2 : and Tisha if after a year they get Rs 26,880 as profit.
3. If P invested the money for 8 months. For how many A) Rs 2430 B) Rs 2880 C) Rs 2920
months did Q invest his money? D) Rs 2220 E) Rs 1850
A)5 B)6 C)8 D)10

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Type IV- Addition/Withdrawal of capital earned was Rs. 7400. Calculate the share of B in the
1) Priya started a business by investing Rs 2050. After 7 profit.
months she is joined by Varun and Rekha. If after 7 A)Rs.1900 B)Rs.2660
months Priya withdraws Rs 300, Varun invests Rs 2310 C)Rs.2800 D)Rs.2840
and Rekha invests Rs 2730, then find the share of profit
of Varun and Rekha together out of total profit of Rs 3) There are two persons Ranit and Ratan. Ranit supplies
11500 after a year. whole of the capital amounting to Rs. 45000 with the
A) Rs 6500 B) Rs 6320 C) Rs 6560 condition that the profits are to be equally distributed and
D) Rs 6500 E) Rs 6000 that Ratan pays Ranit interest on half of the capital at 10%
per annum, but receives, Rs. 120 per month for carrying
2) P & Q entered in to partnership P investing Rs 8000 on the concern. What is their total yearly profit , when
and Rs 6000 respectively. After 3 months P withdrew Rs Ratan’s income is 1/2 of Ranit’s income.
2000 while Q invested Rs 2000 more. After 3 more A)Rs.9000 B)Rs.8750 C)Rs.9180
months, R joins the business with a capital of Rs 11000. D)Rs.6660 E)Rs.7542
The share of Q exceeds that of R. Out of the a total profit
of Rs 35,100 after one year by. 4) M and N are partners in a firm out of which M is
A)Rs 2300 B)Rs 3600 C)Rs 3800 D)Rs 4200 sleeping partner and N is working partner. M invests Rs.
1,80,000 and N invests Rs. 90,000. N receives 14.5% of
3) A and B entered into partnership with capitals in the profit for managing the business and the rest is shared
ratio 4 : 5. After 3 months, A withdrew 1/4 of his capital between both in ratio of their investments. M’s share in
and B withdrew 1/5 of his capital. The gain at the end of the profit of Rs. 24000 is ?
10 months was Rs. 760. A's share in this profit is: A) Rs10100 B) Rs11500 C)Rs12520
A)Rs. 330 B)Rs. 360 C)Rs. 380 D)Rs. 430 D) Rs13680 E) None

4) At the beginning of a partnership business, the capital Type VI- Miscellaneous questions
of B was 3/2 times that of A. after 8 months B withdrew 1) A, B and C are partners of a company. During a
1/2 of his capital and after 10 months A withdrew 1/4th of particular year A received one-third of the profit, B
his capital. At the end of the year. if the profit incurred is received one-fourth of the profit and C received the
Rs. 53,000. Find the amount received by A. remaining Rs. 5,000. How much did A receive ?
A)Rs. 30,800 B)Rs. 32,000 A)Rs. 5,000 B)Rs. 4,000
C)Rs. 30,000 D)Rs. 23,000 C)Rs. 3,000 D)Rs. 1,000

5) A,B and C enter into a partnership with Rs 4000, Rs 2) In a business A and C invested amounts in the ratio 2
6000 and Rs 8000 respectively. After 4 months A : 1 whereas A and B invested amounts in the ratio 3 : 2. If
withdrew 25% and after 6 months B add 16(2/3)% and their annual profit be Rs. 157300, then B’s share in the
after 8 months C withdrew 25% , find the profit earned by profit is
A if they get a total profit of Rs 7500 after 1 year. A)Rs. 24200 B)Rs. 24200
A) Rs 1000 B) Rs 2000 C)Rs3000 C)Rs. 48000 D)Rs. 48400
D) Rs 4000 E) None of these
3) Saurabh, Sanjay and Shubham started a business by
6) P, Q and R start a business with Rs30,000, Rs40,000 investing some money for equal time. Saurabh invested
Rs50,000 respectively. P stays for the entire year. Q Rs. x, Sanjay invested 75% of Saurabh’s investment and
leaves the business after two months but re-joins after 80% of the Shubham’s investment. Shubham earned Rs.
another 4months but only 3/4 of his initial capital. R leaves 10500 of the total profit, Find the total profit.
after 3 months and re-joins after another 5months but with A)Rs. 35400 B)Rs. 36200
only 4/5 of his capital. If the year-end profit is Rs 27,900, C)Rs. 32500 D)Rs. 30100
how much more than Q did R get?
A) Rs1500 B) Rs9300 C)Rs3100 74 6
D) Rs12, 400 E) None 4) A, B and C enter into a partnership in the ratio : :
23 5
. After 4 months, A increases his share 50%. If the total
Type V- Active and sleeping partner profit at the end of one year be Rs. 21,600, then B's share
1) Edwin started a business with Rs.25000 and after 4 in the profit is:
months, Thomas joined him with Rs.60000. Edwin A)Rs. 2100 B)Rs. 2400 C)Rs. 3600 D)Rs. 4000
received Rs.58000 including 10% of profit as commission
for managing the business. What amount did Thomas 5) A and B invest in a business in the ratio 3 : 2. If 5% of
receive?. the total profit goes to charity and A's share is Rs. 855,
A) Rs 80,000 B) Rs 72,000 C)Rs65,000 the total profit is:
D) Rs 82,000 E) None A) Rs.1425 B) Rs.1500
C) Rs.1537.50 D) Rs.1576
2) A, B and C jointly thought of engaging themselves in a
business venture. It was agreed that A would invest Rs. 6) X and Y invested the amount for a year in the ratio of
6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 3:5. If the next year X invested 10% more money and Y
10,000 for 3 months. A wants to be the working member took back 12% of his investment and X gets Rs. 3450 of
for which, he was to receive 5% of the profits. The profit the total profit. Find the total profit.
A)Rs. 8000 B)Rs.8250 C)Rs. 8350 D)Rs. 8050

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 Directions (9-10): A, B and C started a business by
7) Azad invested Rs 55000 in a cosmetic shop for the investing Rs 800, Rs 1600 and Rs 2000 respectively.
whole year. After 4 months of Azad, Hind joined him and After a quarter they invested amounts in a ratio 1 : 4 : 2.
invested Rs 70000. Next year Azad invested Rs 10000 After another quarter, they invested amounts in ratio 3 : 2
more and Hind withdrew Rs 10000 and at the end of two : 3.In the last quarter the ratio of investments was same
years profit earned by Azad is Rs 32375. Find the total as in 2nd quarter. Also in the last quarter, the respective
profit if they distributed half of the total profit equally and amounts of A, B and C was double than the respective
rest in the capital ratio. amounts invested in 2nd quarter. The total investment of
A)Rs 89600 B)Rs 75600 C)Rs 52800 C before 4th quarter was Rs 1400 more than that of A
D)Rs 62900 E)None of these during same duration. Also ratio of B’s share in profit to
total profit at the end of year was 66 : 153.
8) Two partners invest Rs 120000 and Rs 84000 in a 9)Find the total investment of A, B and C.
business and agree that 70% of the profit should be A) Rs 10,200 B) Rs 11,300 C)Rs9,800
divided equally between them and the remaining profit D) Rs 10,080 E) Rs 11,090
is to be treated as interest on capital. If one person gets 10) If they respectively had invested same amounts in
Rs 900 more than the other then find the total profit each quarter after quarter 1 which is equal to their
made in the business. respective investments in quarter 1, then what would be
A) Rs 17,000 B) Rs 20,000 C) Rs 5,100 the profit of A at the end of year out of a total profit of Rs
D) Rs 18,000 E) None of these 19,350?
A) Rs 2510 B) Rs 3320 C)Rs2560
D) Rs 3150 E) None of these

Data Sufficiency Questions

11)-12) Each of the questions given below consists of a statement and / or a question and two statements numbered I
and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the
given question. Read the both statements and
Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II
alone are not sufficient to answer the question.
Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I
alone are not sufficient to answer the question.
Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
Give answer(E) if the data in both Statements I and II together are necessary to answer the question.

11)Ravi, Gagan and Nitin are running a business firm in 12) Rahul, Anurag and Vivek started a business together.
partnership. What is Gagan's share in the profit earned by In what proportion would the annual profit be distributed
them? among them?
I.Ravi, Gagan and Nitin invested the amounts in the ratio I.Rahul got one-fourth of the profit.
of 2 : 4 : 7. II.Rahul and Vivek contributed 75% of the total
II.Nitin's share in the profit is Rs. 8750. investment.

Type I Type II Type III Type IV Type V Type VI

1. B 1. B 1. A 1. E 1. B 1. B 7. S
2. C 2. E 2. D 2. B 2. B 2. D 8. A
3. A 3. B 3. E 3. A 3. C 3. D 9. A
4. B 4. D 4. B 4. D 4. D 4. D 10. D
5. C 5. B 5. E 5. B 5. B 11. E
6. E 6. B 6. A 6. D 12 E

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