Partnership Business | Learn Mathematics Online

Partnership Business

Study Material (PDF)

Study Material (PDF)

Click on each question to see answer & solution.

Question No: #1

State true or false.
(i) A minimum of three persons is required to start a partnership business.

Ans: (i) False

Question No: #2

`A` invests Rs 500 for 9 months and `B` invests Rs 600 for 5 months. Ratio to profit will be ........ .

Ans: `3:2`

Question No: #3

In a business A and B get ₹ 1050 as profit. If the principal and profit of A be ₹ 900 and ₹ 630 respectively. Find the principal of B.

Ans: ₹ 600

Question No: #4

Amal and Bimal started a business. Amal invested Rs. 500 for 9 months and Bimal invested some money for 6 months. If they make a profit of Rs. 69 in a year and Bimal gets profit share of Rs. 46, the capital of Bimal in the business is -
(a) Rs. 1500, (b) Rs. 3000, (c) Rs. 4500, (d) Rs. 6000

Ans: (a) Rs. 1500

Question No: #5

The ratio of capitals of three persons in a partnership business is `3:8:5` and the profit of 1st person is Rs. `60` less of the 3rd person, calculate the total profit in this business.

Ans: Rs. 480

Question No: #6

The ratio of capital of Samir, Idrish and Antony in a partnership business is `1/6:1/5:1/4`. What is the share of profit of Samir when the total profit at the end of the year be Rs 3700?

Ans: Rs. 1000

Question No: #7

A, B, C start a business jointly investing ₨. 1,80,000 in together. A gives ₨. 20,000 more than that of B and B gives ₨. 20,000 more than that of C. Distribute the profit of ₨. 10,800 among them.

Ans: A = Rs. 4800, B = Rs. 3600, C = Rs. 2400

Question No: #8

In a partnership business the capital ratio of `A` and `B` is `2:3` and the capital ratio of `B` and `C` is `4:5`. If the difference between the profit share of `A` and `C` is Rs. 210, find the profit share of `B`.

Ans: Rs. 360

Question No: #9

In a joint business the ratio of the capital of three partners A, B, C is `1/x : 1/y : 1/z` (where `x`, `y`, `z` are co-prime). After a year, there is a profit of ₹`z`, then the profit share of C.

Ans: `\frac{xyz}{xy+yz+zx}`

Question No: #10

Puja, Uttam and Mihir started a pertnership business with capital ₹5000, ₹7000 and ₹10000 respectively by this condition that (i) the monthly expenditure of managing the business is ₹125, (ii) Puja and Uttam will gety ₹200 each per month for keeping the accounts upto date. Then the remaining profit will be divided in proportion to the capital. If at the end of the year the total profit of the business be ₹6960, then find the share of profit of each of them.

Ans: Puja, Uttam and Mihir get Rs. 2550, Rs 2610 and Rs. 300 respectively.

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