Practice MCQ Questions and answers on Partnership Mcqs

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Partnership Mcqs

1.

A and B began business with Rs.3000 and Rs.4000 after 8 months, A withdraws Rs.1000 and B advances Rs.1000 more. At the end of the year, their profits amounted to Rs.630 find the share of A.

A. Rs.240

B. Rs.350

C. Rs.340

D. Rs.390

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2.

A and B enter into partnership with capital as 7:9. At the end of 8 months, A withdraws. If they receive the profits in the ratio of 8:9 find how long B’s capital was used?

A. 6 months

B. 8 months

C. 10 months

D. 7 months

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3.

A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?

A. Rs.18000

B. Rs.15000

C. Rs.17000

D. Rs.14000

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4.

A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2460?

A. Rs.480

B. Rs.615

C. Rs.820

D. Rs.740

Answer & Solution Discuss in Board

5.

A, B and C invested Rs.6300, Rs.4200 and Rs.10500 respectively, in a partnership business. Find the share of A in profit of Rs.12100 after a year?

A. Rs.3630

B. Rs.2840

C. Rs.3200

D. Rs.5600

Answer & Solution Discuss in Board

5

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