8
Q:

Ram and Raj start a business with investments of Rs. 2500 and Rs. 2250 respectively. After 2 months, Ram takes out Rs.1250 from his capital. After 1 more month, Raj takes out Rs.750 of his capital while Rakesh joins them with a capital of Rs. 3500. At the end of 6 months, they earn a profit of Rs. 2540. Which of the following is the share of each member in the profit ?

A) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 840 B) Ram - Rs. 900, Raj - Rs. 800, Rakesh - Rs. 840
C) Ram - Rs. 840, Raj - Rs. 920, Rakesh - Rs. 840 D) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 940

Answer:   A) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 840



Explanation:

Initial investment of Ram = Rs.2500.
After 2 months he withdraw Rs.1250 from his capital.
Therefore, we have, Ram invested Rs.2500 for 2 months and Rs.(2500-1250=) 1250 for 4 months.

Raj invested Rs. 2250 for 3 months and Rs.(2250-750=) 1500 for 3 months.

And, Rakesh invested Rs.3500 for 3 months;

Their investing ratio:
Ram:Raj:Rakesh = (2500x2 + 1250x4):(2250x3 + 1500x3):(3500x3)
= (10,000):(11,250):(10,500) = 1000:1125:1050 = 40:45:42

Total profit for 6 months = Rs.2540
Therefore, Ram's share = Rs.(2540 x 40/(40+45+42)) = Rs.(2540 x 40/127) = Rs.800
Raj's share = Rs.(2540 x 45/127) = Rs.900
Rakesh's share = Rs.(2540 x 42/127) = Rs.840

Subject: Partnership
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO
Q:

Two partners M and N buy a car. M pays his share of 3/7th of the total cost of the car. M pays Rs. 31,540 less than N. What is the cost of the car?

A) Rs. 2,32,680 B) Rs. 2,03,175
C) Rs. 2,20,780 D) Rs. 1,85,780
 
Answer & Explanation Answer: C) Rs. 2,20,780

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

5 1281
Q:

Tapan, Ravi and Trisha shared a cake. Tapan had 1/4 of it, Trisha had 2/3 of it and Ravi had the rest. What was Ravi's share of the cake?

A) 4/7 B) 1/12
C) 1/6 D) 2/6
 
Answer & Explanation Answer: B) 1/12

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

8 1234
Q:

Mohan invested Rs. 100000 in a garment business. After few months, Sohan joined him with Rs. 40000. At the end of the year, the total profit was divided between them in ratio 3 : 1. After how many months did Sohan join the business?

A) 3 B) 2
C) 4 D) 5
 
Answer & Explanation Answer: B) 2

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

11 1452
Q:

The central Government granted a certain sum towards flood relief to 3 states A, B and C in the ratio 2 : 3 : 4. If C gets Rs. 400 Crores more than A, what is the share of B?

A) Rs. 400 crore B) Rs. 200 crore
C) Rs. 600 crore D) Rs. 300 crore
 
Answer & Explanation Answer: C) Rs. 600 crore

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

4 1102
Q:

Sunil and Gopal are partners in a business. Sunil invests Rs.20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.

A) Rs.15000 B) Rs.18000
C) Rs.25000 D) Rs.20000
 
Answer & Explanation Answer: D) Rs.20000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

2 1229
Q:

P starts a business with Rs 14000. After 8 months Q joins P with Rs 8000. After 3 years, what will be the ratio of the profit of P and Q?

A) 12 : 5 B) 9 : 4
C) 14 : 9 D) 15 : 8
 
Answer & Explanation Answer: B) 9 : 4

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

5 1670
Q:

C and D started a business by investing Rs 4000 and Rs 5000 respectively. After 3 months, C withdraws Rs 1000 while D invest Rs 1000 more after 6 months of the starting of business. At the end of the year C’s share is Rs 3900. What will be the total profit (in Rs) at the end of year?

A) 7800 B) 10500
C) 8400 D) 12200
 
Answer & Explanation Answer: B) 10500

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams , CAT

1 1519
Q:

X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?

A) 16 : 15 B) 4 : 5
C) 8 : 9 D) 14 : 15
 
Answer & Explanation Answer: A) 16 : 15

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

1 1768