# Practice Test -Partnership Aptitude

1. 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:

2. P and Q started a business investing Rs. 85,000 and Rs. 15,000 respectively: In what ratio the profit earned after 2 years be divided between P and Q respectively?

3. A and B started a business jointly. A's investment was thrice the investment of B and the period of his investment was two times the period of investment of B. If B received Rs. 400o as profit, then their total profit is

4. Three partners shared the profit in a business in the ratio 5: 7: 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?

5. A, B and C center into partnership A invests some at the beginning, B invests double the amount after 6 month and C invests thrice the amount after 8 month If the annual profit be Rs. 27, 000 C’s share is:

6.  A and B entered into a partnership investing Rs. 16,000 and Rs. 12,000 respectively After 3 months, A withdrew Rs. 5000 while B invested Rs. 5000 more. After 3 months, C joins the business with a capital of Rs. 21,000. The share of B exceeds of C, out of a total profit of Rs. 26,400 after one yea1 by:

7. A and B start a business with investments of Rs. 5000 and ns. 4500 respectively. After 4 months, A takes out half of his capital. After two more months, B takes out one third of his capital while C Joins them with a capital of Rs. 7000. At the end of a year, they earn a profit of Rs. 5080. Find the share of each member -in the profit.

8. A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1, 20,000 respectively.’ At the end of the first year, B withdraws Rs. 40,000, what the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit shared at the end of 3 years?

9. Shekhar started a business investing Rs. 25,000 in 1999. In 2000, he invested additional amount of Rs. 10,000 and Rajeev joined him with an amount of Rs. 35, 000 In 2001, Shekhar invested another additional amount of Rs. 10,000 and Jatin joined them with an amount of Rs. 35,000. What will be Rajeev’s share in the profit Rs. 1, 50,000 earned at the end of 3 years from the start of the business in 1999?

10. A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

Partnership: Get Prepared for Career Aptitude Test

Partnership-related questions are very important in any career aptitude test. But many students complain that they take much time in the exam. We know that time is the most important constraint in any online competitive exam. We cannot compromise with that factor. In such situations, the best idea is to look for trusted tips and tricks to solve these problems fast.

Before going to any competitive exam, you must learn all shortcut methods to solve the aptitude problems. The fact is that mastering quantitative aptitude can help you score high in exams. Below we have highlighted a few important details about this topic; prefer to go through the article to improve your knowledge base.

Partnership: Things to know

Partnership can be defined as a business association between two or more people that are running a certain business. While working together, they share the total profits as per some pre-agreed proportion. The business professionals that are involved in such kind of agreements or partnerships are better known as partners.

Partnership section is an important part of quantitative aptitude exam. These questions are generally based upon ratio and proportion topics. Generally, candidates may need to find profit shares of individuals that are involved in some business partnership. It is important to understand that these questions are logic-oriented questions, and they can be solved with the help of some specific formulas with ease.

Important formulas and relations in Partnership:

Partnership:

When two or more people run certain business with joint agreements; they are called as partners, and the deal between them is called partnership.

Ratio of Division of Gains:

Note that, when all partners make investments for the same fixed duration of time, the loss and gain of the business are distributed among them all as per the ratio of their individual investments. Let us consider a case when A and B have invested Rs. X and Rs. Y in some business for a one-year duration. In this case, by the end of the year profits can be calculated as:

(A’s share of profit in business) : (B’s share of profit in business) = x : y

In case if the investments are made for different durations of time, the equivalent capitals are then calculated for a certain unit of time by considering (capital x number of time units). In this condition, loss or gain is divided into the ratio of capitals.

Let A has invested Rs. X for the duration of p months and B has invested Rs. Y for q month’s duration, the share of profits can be defined as:

(A’s share on business profit) : (B’s share on business profit) = xp : yq.

The conditions keep on changing if the business has different active and sleeping partners. When the partner gives time for the business while investing his money as well; he is called an active partner. Whereas the one who gives money only and doesn’t show any other involvement is called a sleeping partner. Generally, there are two types of partnerships: simple and compound or complex.

Candidates preparing for following competitive exams can utilize Aptitude section to improve their skills.

• Bank Competitive Exam
• MPSC Competitive Exams
• SSC Competitive Exams
• L.I.C/ G. I.C Competitive Exams
• Railway Competitive Exam
• University Grants Commission (UGC)
• NET/ SET Competitive Exam
• Common Aptitude Test (CAT)
• Career Aptitude Test (IT Companies)

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gopract.com has over 200 MCQs with past Partnership questions and answers in a Partnership quiz. You can take the Partnership MCQ online test for free.

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