Partnership

Partnership

1. Pramod started a business with Rs. 40000. After 4 months Vikas also joined him with Rs. 60000. If at the end of the year, the profit is Rs. 16000, what is the share of Vikas in the profit ?
1. Rs. 8000
2. Rs. 4000
3. Rs. 12000
4. Rs. 10000

1. Ratio between the investment of Pramod and Vikas = 40000 x 12 : 60000 x 8
= 480000 : 480000 = 1 : 1

Correct Option: A

Ratio between the investment of Pramod and Vikas = 40000 x 12 : 60000 x 8
= 480000 : 480000 = 1 : 1
Total profit = Rs. 16000
share of Vikas in profit = 16000/2 = Rs. 8,000

1. A and B start a business with initial investment 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 ?
1. 3 months
2. 32/3 months
3. 4 months
4. 6 months

1. Suppose B invested the money for N months.
Then the ratio of investment = (12 x 11 : 11 x N) = 12 : N
∴ 12/N = 4/1

Correct Option: A

Suppose B invested the money for N months.
Then the ratio of investment = (12 x 11 : 11 x N) = 12 : N
∴ 12/N = 4/1
⇒ N = 3 months.

1. A and B started a joint firm. A's investment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B got Rs. 4,000 as profit then their total profit is ?
1. Rs. 24,000
2. Rs. 16,000
3. Rs. 28,000
4. Rs. 20,000

1. Suppose B invested Rs. x for y months.
Then A's investment is Rs. 3x for 2y months.
Ratio of investment of A and B = 6xy : xy = 6 : 1.

Correct Option: C

Suppose B invested Rs. x for y months.
Then A's investment is Rs. 3x for 2y months.
Ratio of investment of A and B = 6xy : xy = 6 : 1.
Now B's share = Rs. 4,000
∴ A's share = Rs. 24, 000
Hence, Total profit = Rs. 28,000

1. Dilip, Ram and Amar started a shop by investing Rs. 27,000, Rs. 81,000 and Rs. 72,000 respectively. At the end of one year the profit was distributed. If Ram's share of profit be Rs. 36,000, then the total profit was ?
1. Rs. 108000
2. Rs. 16000
3. Rs. 80000
4. None of these

1. Ratio of shares = 27000 : 81000 : 72000 = 3 : 9 : 8
If Ram's share is Rs. 9 then total profit = Rs. 20

Correct Option: C

Ratio of shares = 27000 : 81000 : 72000 = 3 : 9 : 8
If Ram's share is Rs. 9 then total profit = Rs. 20
If Ram's share is Rs. 36000 then total profit = Rs. (20/9) x 36000
= Rs. 80000

1. Rs. 700 is dividing among A, B and C so that A receives half as much as B and B half as much as C. Then C's share is ?
1. Rs. 200
2. Rs. 300
3. Rs. 400
4. Rs. 600

1. Let C's share = Rs. N
Then B's share = Rs. N/2
and A's share = Rs. N/4
∴ A : B : C = N/4 : N/2 : N = 1 : 2 : 4

Correct Option: C

Let C's share = Rs. N
Then B's share = Rs. N/2
and A's share = Rs. N/4
∴ A : B : C = N/4 : N/2 : N = 1 : 2 : 4
Hence C's share = Rs. 700 x (4/7) = Rs. 400