2
Q:

Two partners invest Rs 12500 and Rs 8500 respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs 240 more than the other, find the total profit made in the business.

A) 3250 B) 4050
C) 3550 D) 3150

Answer:   D) 3150



Explanation:

Clearly, If 60 % is equally divided then remaining 40% of total profit will be divided between 2 persons A and B in ratio of (profit of A) : (profit of B)= 12,500 : 8500 = 125 : 85 = 25:17
now difference in amount = 25-17 = 8 this difference = 240
therefore 40% of total profit = 240*(25+17)/(25-17) = 1260
∴ 100% profit = 1260 / 40 × 100 = 3150

Subject: Partnership
Exam Prep: Bank Exams
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

6 1401
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 1343
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 1538
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 1215
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 1309
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

6 1778
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

2 1588
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 1865