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Partnership Quizzes for LIC Assistant 2021, SBI Clerk, CET, IBPS Clerk, IBPS RRB 2021 at Smartkeeda

Directions: Study the following questions carefully and choose the right answer.
1
Gita started a business investing Rs. 60000. After six months Kanchan joined her with Rs. 90000. After another six months Rekha also joined them with Rs. 1.35 lakh. The profit earned at the end of 3 years when Gita started the business should be distributed among Gita, Kanchan and Rekha in the ratio of
» Explain it
A
Profit ratio investment ratio among Gita, Kanchan and Rekha
 
Gita's investment for 36 months : Kanchan's investment for 30 months : Rekha's investment for 24 months 
 
= 60000 × 36 : 90000 × 30 : 135000 × 24 = 4 : 5 : 6

Hence, option A is correct.
 
2
Pradeep invested 20% more than Manu, Manu invested 10% less than Ram. If the total sum of their investments is ₹ 14,900, how much amount did Ram invest?
» Explain it
C
Let Ram's investment be 100/-

Then, Manu's investment
 = 100x ×  90  = 90/-
100

And Pradeep's investment
=   120  × 90 = 108/-
100

Ratio of Ram's investment : Ratio of Manu's investment : Ratio of Pradeep's investment = 100 : 90 : 108 = 50 : 45 : 54

∴   Investment made by Ram
 =  50  × 14900 = Rs 5000/-
149

Hence, option C is correct.

3
Puneet, Sumit and Amit started a business jointly investing Rs. 11 lakh, 16.5 lakh and 8.25 lakh respectively. The profit earned by them in the business at the end of three years was Rs. 19.5 lakh. What will be the half of Amit’s share in the profit?
» Explain it
B
Profit ratio = Investment by Puneet × Time : Investment by Sumit × Time : Investment by Amit × Time =  11 × 3 : 16.5 × 3 : 8.25 × 3 =  11 : 16.5 : 8.25 = 44 : 66 : 33

Amit's share in profit = 
33  × 19.5 = Rs 4.5 lakh
143

∴   50% of Amit's share =
  1  × 4.5 = Rs 2.25 lakh
2

Hence, option B is correct.


4
Saurabh, Sanjay and Shubham started a business by investing some money for equal time. Saurabh invested Rs. x, Sanjay invested 75% of Saurabh’s investment and 80% of the Shubham’s investment. Shubham earned Rs. 10500 of the total profit, Find the total profit.
» Explain it
D
Saurabh’s investment = x, Sanjay’ investment = x × 75%,

Sanjay's investement is 80% of the Shubham’s investment (x × 75%)

Hence, Shubham’s investment = x × 75% ÷ 80%
 
Ratio of Saurabh : Sanjay : Shubham = x : x × 75% : x × 75% ÷ 80%
 
= x × 80% : x × 80% × 75% : x × 75%
 
= 16 : 12 : 15
 
Shubham’s profit = 10500 Rs.
 
= 10500 ÷ 15 × 43
 
= 30100 Rs.

Hence option D is correct.
 
5
Ananya, Dhairya and Chintu started a business investing Rs. 10000, 15000, 18000 respectively. Ananya kept the money for whole year, Dhairya kept his entire amount for 9 months and Chintu kept his money for 7 months. If after a year, Chintu earned Rs. 2100, find the difference between the profit of Ananya and Dhairya.
» Explain it
B
Ratio of the capital = 10000 × 12 : 15000 × 9 : 18000 × 7

= 40 : 45 : 42

Chintu's profit is Rs 2100.

42x = 2100

x = 50

Difference between Ananya and Dhairya's profit = 45x – 40x

= 5x  = 5 × 50 = Rs 250 

Hence, option B is correct.