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Q:

Two partners investede Rs. 1250 and Rs. 850 respectively in a business. They distributed 60% of the profit equally and decide to distribute the remaining 40% as the ratio of their capitals. If one partner received Rs. 30 more than the other, find the total profit? 

Answer:
Q:

Divide Rs.118000 among three persons A, B and C such that the ratio of the shares of A and B is 3:4 and that of B:C is 5:6 ?

A) A = 48000 B = 40000 C = 30000 B) A = 30000 B = 40000 C = 48000
C) A = 30000 B = 48000 C = 40000 D) A = 40000 B = 48000 C = 30000
 
Answer & Explanation Answer: B) A = 30000 B = 40000 C = 48000

Explanation:

Compound ratio of A:B:C
A:B = 3:4
B:C = 5:6
----------
A:B:C = 15:20:24

We can divide Rs.118000 in this ratio.

Share of A = 15/59 x 118000 = 30000

Share of B = 20/59 x 118000 = 40000

Share of C = 24/59 x 118000 = 48000

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1 45
Q:

Arun and Varun started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, Akhil joined them with Rs. 20,000. What will be Varun's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business ?

A) Rs. 7500 B) Rs. 4520
C) Rs. 8750 D) Rs. 6350
 
Answer & Explanation Answer: A) Rs. 7500

Explanation:

Arun : Varun : Akhil = (20000 x 24) : (15000 x 24) : (20000 x 18) = 4:3:3

B's share = 25000 x 3/10 = Rs. 7500.

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4 87
Q:

If 6 (P's Capital ) = 8 ( Q's Capital ) = 12 ( R's Capital ) , then out of the total profit of Rs 4650 , R will receive ?

A) Rs. 1033.33 B) Rs. 1024
C) Rs. 1148.14 D) Rs. 1245.32
 
Answer & Explanation Answer: A) Rs. 1033.33

Explanation:

Let
P's capital = p,
Q's capital = q and
R's capital = r.
Then

6p = 8q = 12r
=> 3p = 4q = 6r
=>q = 3p/4
r = 3p/6 = p/2
P : Q : R = p : 3p/4 : p/2
= 4 : 3 : 2
R's share = 4650 * (2/9) = 150*6 = Rs. 1033.33.

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2 96
Q:

What is the difference in the shares of profit between P and Q in a joint business at the end of one year ?

a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months.

b. Q joined four months after the start of business.

c. Q's amount was 80% of P's amount during the last six months.

A) Only a B) Only c
C) Both a & b D) Data is not sufficient
 
Answer & Explanation Answer: D) Data is not sufficient

Explanation:

a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.

b & c. Q's investment = 80% of Rs. 60000 for 8 months.

= Rs.(48000 x 8) for 1 month = 384000 for 1 month

P : Q = 840000 : 384000 = 35 : 16.

But, the total profit is not given, so data is inadequate.

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1 127
Q:

Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ?

a. Total amount invested in the business in Rs. 22,000.

b. Profit earned at the end of 3 years is 3/8 of the total investment.

c. The average amount of profit earned per year is Rs. 2750.

A) Only c is sufficient B) Both a & b are sufficient
C) Both A & B gives result D) None
 
Answer & Explanation Answer: C) Both A & B gives result

Explanation:

a and b give, profit after 3 years = Rs.(3/8 x 22000) = Rs.8250.

From c also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.

∴ P's share = Rs.(8250 x 5/11) = Rs. 3750.

Thus, (either C is redundant) or (a and b are redundant).

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1 105