13
Q:

A is a working and B is sleeping partners in a business. A puts in Rs. 5000 and B puts in Rs.6000. A receives % of the profit for managing the business and the rest is divided in proportion to their capital. What does each get out of a profit of Rs. 880? 

Answer:



Q:

Munna and Chinna are partners in a firm out of which Munna is sleeping partner and Chinna is working partner. Munna invests Rs. 1,40,000 and Chinna invests Rs. 80,000. Chinna receives 14.5% of profit for managing the business and the rest is shared between both in ratio of their investments. Munna's share in the profit of Rs. 19600 is ?

A) Rs. 9580.25 B) Rs. 10600
C) Rs. 10664.15 D) Rs. 11060.48
 
Answer & Explanation Answer: C) Rs. 10664.15

Explanation:

Profit received by Chinna as working partner = 14.5% of Rs. 19600

= 14.5x19600/100 = Rs. 2842

Balance in profit = 19600-2842 = Rs. 16758

Ratio of investment of Chinna & Munna = 80,000 : 1,40,000 = 4 : 7

Hence share of Chinna in investment = 4x16758/100 = Rs. 6093.85

Therefore, Share of Munna = 19600 - 2842 - 6093.85 = Rs. 10664.15

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3 28
Q:

R enter into a partnership in the ratio 2 : 3 : 5 . After 2 months, P increases his share 20% and Q by 10%. If the total profit at the end of one year is Rs 1,90,500, what amount will 'R' receive at the end of year as share in profit ?

A) Rs. 90500 B) Rs. 87500
C) Rs. 88900 D) Rs. 90000
 
Answer & Explanation Answer: D) Rs. 90000

Explanation:

Ratio of investments for 1 year

=> (P : Q : R) = (2x2 + 2.4x10) : (3x2 + 3.3x10) : (5x12)

=> (P : Q : R) = 28 : 39 : 60

Now R share = 190500 x 60/127 = Rs. 90000.

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6 125
Q:

A, B and C started a company where their initial investments was in the ratio of 2:3:4. At the end of 6 months, A invested an amount such that his total capital became equal to B's initial capital investment. If the annual profit of B is Rs. 3000 then what is the total profit of the company ?

A) Rs. 9500 B) Rs. 10600
C) Rs. 7500 D) Rs. 8900
 
Answer & Explanation Answer: A) Rs. 9500

Explanation:

Given initial investments ratio = 2 : 3 : 4

At the end of 6 months, A invested an amount such that his total capital became equal to B's initial capital investment

i.e, upto 6 months A's investment is 2 and after 6 months his invstment is 3 = B's investment

Now, Ratio of investment for one year

=> A : B : C = (2×6 + 3×6) : (3×12) : (4×12)

= 30 : 36 : 48

= 5 : 6 : 8

But given B's profit = 3000

=> 6 ratio = 3000

For total => 19 ratio = Rs. 9500.

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5 102
Q:

Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?

A) 500 B) 600
C) 450 D) 550
 
Answer & Explanation Answer: A) 500

Explanation:

Let the lent at 5% be 'A'

(A x 5 x 1)/100 + [(1500 - A)x 6 x 1]/100 = 85

5A/100 + 90 – 6A/100 = 85

A/100 = 5

=> A = 500

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2 222
Q:

k, l, m together started a business. k invested Rs.6000 for 5 months l invested Rs.3600 for 6 months and m Rs.7500 for 3 months. If they get a total profit of Rs.7410. Find the share of l ?

A) Rs. 1640 B) Rs. 2500
C) Rs. 2160 D) Rs. 3000
 
Answer & Explanation Answer: C) Rs. 2160

Explanation:

=> 60x5 : 36x6 : 75x3

=> 100 : 72 : 75

=> 72/247 x 7410 = Rs. 2160

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2 395