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Partnership Quiz-1

Maths is an important subject in CLAT,DULLB & Other Law Exams. In any of law exam, Maths carries weightage of 20 -25 % of questions. With focused practice good marks can be fetched from this section. These questions are very important in achieving your success in CLAT, DULLB and Other Law Exams..

Q1.Alok started a business investing Rs 90000. After 3 months Shabbir joined him with a capital of Rs. 120000, if at the end of 2 years, the total profit lade by them was Rs 96000, what will be the difference between their shares?
•  Rs. 20000
•  Rs. 24000
•  Rs. 8000
•  None of these
Solution
(d):
=
Total profit = 96,000 = Profit Alok + Profit Shabbir
Alok’s profit = 6/13 x 96000
Shabbir’s profit = 7/13 x 96,000
Difference = 96000/13 = 7385

Q2. A, B and C enter into a partnership. A initially invests Rs 25 lakhs and adds another Rs 10 lakhs after one year. B initially invests Rs 35 lakhs and withdraws Rs 10 lakhs after two years and C invests Rs 30 lakhs. In what ratio should the profits be divided at the end of 3 years?
•  20 : 19 : 18
•  10 : 10 : 9
•  20 : 20 : 19
•  19 : 19 : 18
Solution
(d): Profit (A : B : C)
= (25 x 1 + 35 x 2) : (35 x 2 + 25 x 1) : (30 x 3)

= 95 : 95 : 90 = 19 : 19 : 18
R
Q3.Manoj received Rs 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If manoj invested Rs 20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?
•  Rs. 6000
•  Rs. 10000
•  Rs. 5000
•  Rs. 4000
Solution
d):

x = (20,000) x = 5000

Q4. Three partners A, B and C starts a business. Twice As capital is equal to thrice B’s capital and B’s capital is four times C’s capital. Out of the total profit of Rs 16500 at the end of the year B’s share is :

• Rs. 4000
•  Rs. 6000
•  Rs. 7500
•  Rs. 6600
Solution
b): 2A = 3B, B = 4C

B’s profit = (4/11) 16500 = 6000

Q5.A, B and C subscribe Rs 50000 for a business. A subscribes Rs 4000 more than B and B Rs 5000 more than C. Out of the total profit of Rs 35000 A receives:

•  Rs. 11900
•  Rs. 8400
•  Rs.14700
•  Rs. 13600
Solution
(c): A - B = 4000, B - C = 5000
50,000 = A + B + C = B + 4000 + B + B - 5000
B = 17,000; A = 21,000; C = 12,000

A’s profit = 0.42 x 35000 = 14700

Q6.If 4(A’s capital) = 6(B’s capital) = 10(C’s capital), then out of a profit of Rs 4650, C will receive:
•  Rs. 2250
•  Rs. 1550
• Rs. 900
•  Rs. 465
Solution
C = x 4650 = 900

Q7.Four milkman rented a pasture. A grazed 24 cows for 3 months; B grazed 10 cows for 5 months, C grazed 35 cows for 4 months and D grazed 21 cows for 3 months. If A’s share of rents is Rs 720, the total rent of the field is :
•  Rs. 3000
•  Rs. 3200
•  Rs. 3250
•  Rs. 3300
Solution
=
Total rent = x 720 = 3250

Q8.A, B, C start a business jointly. A invests 3 times as much as B invests and B invests two third of what C invests. At the end of the year, the profit earned is Rs 660. Out of it, B’s share is:
•  Rs. 220
•  Rs. 120
•  Rs. 180
•  Rs. 240
Solution
.(b): A = 3B, B = 2/3 C

B profit = 2/11 x 660 = 120

Q9. A and B started a business jointly. As investment was thrice the investment of B and the period of the investment was two times the period of investment of B. If B received Rs 4000 as profit. Then their total profit is:

•  Rs. 16000
•  Rs. 24000
•  Rs. 26000
•  Rs. 28000
Solution
(d): Investment A= 3 investment B
Time A = 2 time B
=
=

Total profit = 7 x B profit = 7 x 4000 = 28000
Q10. A and B started a business with initial investments in the ratio 14:15 and their annual profit were in the ratio 7:6. If invested the money for 10 months, for how many months did B invest his money:
•  8
•  9
•  6
•  7
Solution
(a):

x =

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