Partnership Question & Answers


Partnership

Quantitative aptitude questions are asked in many competitive exams and placement exam. ‘Partnership’ is a category in Quantitative Aptitude. Quantitative aptitude questions given here are extremely useful for all kind of competitive exams like Common Aptitude Test (CAT), MAT, GMAT, IBPS Exam, CSAT, CLAT, Bank Competitive Exams, ICET, UPSC Competitive Exams, CLAT, SSC Competitive Exams, SNAP Test, KPSC, XAT, GRE, Defense Competitive Exams, L.I.C/ G. I.C Competitive Exams, Railway Competitive Exam, TNPSC, University Grants Commission (UGC), Career Aptitude Test (IT Companies) and etc., Government Exams etc.


We have a large database of problems on “Partnership” answered with explanation. These will help students who are preparing for all types of competitive examinations.


Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?

A) 10110 B) 10500
C) 12000 D) 13000
Answer & Explanation Answer: B) 10500

Explanation:

Simran : Nanda = (50000 * 36) : (80000 * 30) = 3 : 4.


Simran's share = Rs. ( 24500 * 3/7)  =  Rs. 10500.

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Subject: Partnership - Quantitative Aptitude - Arithmetic Ability

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A, B and C enter into a partnership and their shares are in the ratio 1/2 : 1/3 : 1/4. After 2 months, A withdraws half of his capital and after 10 months, a profit of Rs. 378 is divided among them. What is B's share ?

A) 144 B) 169
C) 225 D) 339
Answer & Explanation Answer: A) 144

Explanation:

Ratio of initial investments = 1/2 : 1/3 : 1/4 = 6 : 4 : 3.


Let their initial investments be 6x, 2x and 3x respectively.


A : B : C = (6x * 2 + 3x * 10) : (4x * 12) : (3x * 12) = 42 : 48 : 36 = 7 : 8 : 6.


B's share =  Rs. (378 * 8/21) = Rs. 144.

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Subject: Partnership - Quantitative Aptitude - Arithmetic Ability

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A, B, C subscribe Rs. 50,000 for a business, A Subscribes Rs. 4000 more than B and B Rs. 5000 more thanC. Out of a total profit  of Rs. 35,000, A receives :

A) 14700 B) 15000
C) 12000 D) 13500
Answer & Explanation Answer: A) 14700

Explanation:

Let C = x. Then, B = x + 5000  and A =  x + 5000 + 4000 = x + 9000.


So,  x + x + 5000 + x + 9000 = 50000  <=>  3x = 36000  <=>


x = 12000.


A : B : C =  21000 : 17000 : 12000 = 21 : 17 : 12.


A's share = Rs. (35000 * 21/50 ) = Rs. 14,700.

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Subject: Partnership - Quantitative Aptitude - Arithmetic Ability

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A, B and C enter into a partnership with a capital in which A's contribution is Rs. 10,000. If out of a total profit of Rs. 1000, A gets Rs. 500 and B gets Rs. 300, then C's capital is :

A) 4000 B) 5000
C) 6000 D) 7000
Answer & Explanation Answer: A) 4000

Explanation:

A : B : C = 500 : 300 : 200 = 5 : 3 : 2.


Let their capitals be 5x, 3x and 2x respectively. Then, 5x = 10000  <=>  x = 2000.


C's capital = 2x = Rs. 4000.

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Subject: Partnership - Quantitative Aptitude - Arithmetic Ability

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A and B started a business jointly 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 received Rs. 4000 as profit, then their total profit is :

A) 22000 B) 28000
C) 32000 D) 36000
Answer & Explanation Answer: B) 28000

Explanation:

Suppose B invested Rs. x for y months. Then, A invested Rs. 3x for 2y months.


So, A : B = (3x * 2y) : (x * y) = 6xy : xy = 6 : 1.


B's profit : Total profit  = 1 : 7.


Let the total profit be Rs. x Then,  1/7 = 4000/x  or x = 28000.

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