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Q:

A, B, C started a business with their investments in the ratio 1:3 :5. After 4 months, A invested the same amount as before and B as well as C withdrew half of their investments. The ratio of their profits at the end of the year is :

A) 1 : 2 : 3 B) 3 : 4 : 15
C) 3 : 5 : 10 D) 5 : 6 : 10
 
Answer & Explanation Answer: D) 5 : 6 : 10

Explanation:

Let their initial investments be x, 3x and 5x respectively. Then,

 

A:B:C = (x*4+2x*8) : (3x*4+(3x/2)*8) : (5x*4+(5x/2)*8)

 

20x : 24x : 40x = 5 : 6 : 10          

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Filed Under: Partnership

Q:

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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Filed Under: Partnership

Q:

In a business, A and C invested amounts in the ratio 2:1, whereas the ratio between amounts invested by A and B was 3:2. If Rs. 1,57,300 was their profit, how much amount did B receive ?

A) 48400 B) 54200
C) 64000 D) 74000
 
Answer & Explanation Answer: A) 48400

Explanation:

A : B = 3 : 2 => B : A = 2 : 3 = 4 : 6 and A : C = 2 : 1 = 6 : 3.

So, B : A : C = 4 : 6 : 3 or A : B : C = 6 : 4 : 3.

B's share = Rs. (157300 x 4/13 ) = Rs. 48400.

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Filed Under: Partnership

Q:

A began a business with Rs. 85,000. He was joined afterwards by B with Ks. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1 ?

A) 4 months B) 5 months
C) 6 months D) 8 months
 
Answer & Explanation Answer: D) 8 months

Explanation:

Suppose B joined for x months . Then,  ( 85000 * 12 )/(42500 * x) = 3. or x = (85000 * 12) / (42500 * 3) = 8.

So, B joined for 8 months.

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Filed Under: Partnership

Q:

A, B, C hired a car for Rs. 520 and used it for 7, 8 and 11 hours respectively. Hire charges paid by B were :

A) 150 B) 160
C) 170 D) 180
 
Answer & Explanation Answer: B) 160

Explanation:

A : B : C = 7 : 8 : 11.

Hire charges paid by B = Rs. (520 *  8/26) = Rs. 160.

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Filed Under: Partnership

Q:

X and Y invested in a business. They earned some profit which they divided in the ratio of 2 : 3. If X invested Rs. 40,000, the amount invested by Y is :

A) 20000 B) 40000
C) 60000 D) 80000
 
Answer & Explanation Answer: C) 60000

Explanation:

Suppose Y invested Rs. y. Then 40000/y = 2/3 or y = 60000 .

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Filed Under: Partnership

Q:

If 4 (A's capital) = 6 (B's capital) = 10 (C's capital), then out of a profit of Rs. 4650, C will receive ____

A) Rs.700 B) Rs.800
C) Rs.900 D) Rs.1000
 
Answer & Explanation Answer: C) Rs.900

Explanation:

Let 4A = 6B = 1OC = k. Then, A = k/4, B = k/6,  and C =k/10 .

 

A : B :C = k/4 : k/6 : k/10 = 15 : 10 : 6.

 

Hence, C's share (4650 *  6/31) = Rs, 900.

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Filed Under: Partnership

Q:

The National Income of a country is

A) The annual revenue of the Governament B) Sum total of factor incomes
C) Surplus of public sector Undertaking D) Export minus Imports
 
Answer & Explanation Answer: B) Sum total of factor incomes

Explanation:
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Filed Under: Indian Economy