Quantitative Aptitude

Partnership

842 Questions
All Capital changes, admission, and withdrawal 249 Compound partnership and time-weighted capital 186 Absolute profit or percentage difference to ratio 126 Simple partnership 100 Working and sleeping partners 79 Retirement and gaining ratio 63 Interest on capital and fixed allowances 39

Partnership Questions

Multiple choice

Passage

Direction : Read the following questions carefully and choose the right answer.

Dholak and Tabla entered in a partnership business in which Tabla invested Rs. 50,000. At the end of 4 months Tabla withdrew Rs. 7500 and at the end of another 5 months he again withdrew Rs. 9000. Dholak had left his investment intact, then what was his investment if at the end of one - year he received 40% of the total profit?

  1. Rs. 27500

  2. Rs. 32000

  3. Rs. 28500

  4. Rs. 31500

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Tabla's investment: (50000 * 4) + (42500 * 5) + (33500 * 3) = 200000 + 212500 + 100500 = 513000. If Dholak's investment is D, his total is D * 12. Profit ratio is 40:60 (2:3). So (D * 12) / 513000 = 2/3. D = (513000 * 2) / (3 * 12) = 28500.

Multiple choice

Passage

Directions: In the following question, you have to find out the statement(s) which is/are redundant for determining the answer of the given question.

Rajesh, Mahesh and Suresh together invested Rs. 20,000 in the ratio of 5 : 3 : 2. What was the percent profit earned by them at the end of one year? Statements: I. Mahesh's share in the profit is Rs. 2400. II. The amount of profit received by Rajesh is equal to the amount of profit received by Mahesh and Suresh together. III. The amount of profit received by Mahesh and Suresh together is Rs. 4000.

  1. II and III both

  2. I and II both

  3. I or III only

  4. Either II and I or II and III

  5. Information in all the three statements is required to answer the question.
Reveal answer Fill a bubble to check yourself
D Correct answer