40
Q:

A and B start a business, with A investing the total capital of Rs.50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs.1500 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?

A) Rs. 39000 B) Rs. 49000
C) Rs. 59000 D) Rs. 69000

Answer:   C) Rs. 59000



Explanation:

Interest received by A from B = 10% of half of Rs.50000 = 10% of Rs. 25000 = Rs.2500.

Amount received by A per annum for being a working partner = 1500 x 12 = Rs.18000

Let 'P' be the part of the remaining profit that A receives as his share.

So,total income of A = (Rs.2500 + Rs.18000 + Rs. P )

Total income of B = only his share from the remaining profit = 'P', as  A and B share the remaining profit equally.

 

We know that income of A = Twice the income of B 

So, (2500 + 18000 + P ) = 2(P)

P = 20500

 

Thus, the total profit = 2P + Rs.18000

= 2(20500) + 18000 = Rs.59000.

Subject: Partnership
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

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5 1282
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

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8 1235
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

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11 1453
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

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4 1103
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

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2 1230
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

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5 1671
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

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1 1520
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

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