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PARTNERSHIP LEVEL- 1
Q1–10 of 85
1

A is working, and B a sleeping partner in a business. A puts in ₹ 12000 and B ₹ 20000. A received 10% of the profit for managing, the rest being divided in proportion to their capitals. Out of a total profit of ₹ 9600, the money received by A will be

Correct Answer: C. ₹ 4200
Explanation: No explanation available.
2

A started a business with ₹ 50000. After three months, B joins with an investment of ₹ 60000 and A withdraws ₹ 10000 out of his capital. Three months later, B brought in ₹ 20000 more. At the end of the year, what should be the ratio in which A and B share the profit?

Correct Answer: C. 17 : 22
Explanation: No explanation available.
3

A and B enter into a partnership by investing ₹ 3600 and ₹ 4200 respectively. At the end of the partnership, they received a total profit of ₹ 1500. If A invested for 2 months less than B and the difference between profit received by them is ₹ 300, then find the period of investment of B.

Correct Answer: D. 7 months
Explanation: No explanation available.
4

Two friends Pinki and Rinki entered into a partnership by investing an amount of ₹ 6000 and ₹ 9000 respectively and ratio of their period of investment is 2 : 3. Find the profit share of Pinki if profit share of Rinki is ₹ 45, 000.

Correct Answer: B. ₹ 20, 000
Explanation: No explanation available.
5

If A invested ₹ 12000 at some rate of interest of S.I. and B joined him after 3 months investing 16000 at same rate of interest, if A leaves before 2 month of completion, then what will be the share of B’s profit after 1 year if total profit is ₹ 22000?

Correct Answer: C. 12000
Explanation: No explanation available.
6

A, B and C start a small business by investing a total sum of ₹ 21, 600. A invested ₹ 1200 more than B. C invested ₹ 1200 less than B’s investment. If the total annual profit received was ₹ 9900, what was B’s share in profit?

Correct Answer: D. ₹ 3300
Explanation: No explanation available.
7

David and Julie entered into a partnership and invested 780,000 and 60,000 respectively. After 7 months, David withdraws 710, 000. Julie invested an additional capital of 75000 after 9 months. At the end of the year, total profit was 81060. Find the profit share of David.

Correct Answer: A. ₹ 69720
Explanation: No explanation available.
8

Ajay started a business with an investment of ₹ 50, 000. Rohit joined him after 3 months, and he also invested ₹ 50, 000. If the total profit at the end of the year was ₹ 7000, what was Ajay’s share in the profit?

Correct Answer: A. ₹ 4000
Explanation: No explanation available.
9

A, B and C started a business by investing ₹ 30, 000, ₹ 25, 000 and ₹ 20, 000 initially. After 3 months, B further invested ₹ 5000. What will be the ratio of profits after 1 year?

Correct Answer: B. 24 : 23 : 16
Explanation: No explanation available.
10

Nitin and Mohit started a business by investing ₹ 50, 000 each initially. After 4 months, Nitin had to withdraw ₹ 10, 000. If the total profit at the end of the year was Rs 20,000, what is the share of Nitin?

Correct Answer: C. ₹ 9286
Explanation: No explanation available.
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