Question Detail

A started a business with Rs.21,000 and is joined afterwards by B with Rs.36,000. After how many months did B join if the profits at the end of the year are divided equally?

Answer: Option B

Explanation:

Suppose B joined after x months
then,
21000*12=36000*(12-x)
=> 36x = 180
=> x = 5

1. In business, A and C invested amounts in the ratio 2:1, whereas the ratio between amounts invested by A and B was 3:2, If Rs 157300 was their profit, how much amount did B receive.

Rs 48000
Rs 47000
Rs 47400
Rs 48400

Answer: Option D

Explanation:

A:B = 3:2 = 6:4
=> A:C = 2:1 = 6:3

=> A:B:C = 6:4:3

B share = (4/13)*157300
= 48400

2. Sumit and Ravi started a business by investing Rs 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.

17:1
17:2
17:3
17:4

Answer: Option C

Explanation:

Note: If you have clear concept of ratio and proportion chapter then it will really easy for you to solve partnership problems.

P:Q = 85000:15000 = 17:3

Important to note there that if both have invested for different period of times then we had to multiply with number of months to get the desired ratio.

3. P and Q started a business investing Rs 85000 and Rs 15000 resp. In what ratio the profit earned after 2 years be divided between P and Q respectively.

17:5
17:3
17:6
17:7

Answer: Option B

Explanation:

In this type of question as time frame for both investors is equal then just get the ratio of their investments.

P:Q = 85000:15000
= 85:15
= 17:3

4. Check which among following are required to answer this questions :

Three friends started a businesss, let there names are A, B and C. What profit B will get, if,

1. C invested Rs. 8000 for nine months, his profit was 3/2 times that of B's and his investment was four times that of A.

2. A and B invested for one year in the proportion 1 : 2 respectively.

3. The three together got Rs. 1000 as profit at the year end.

Only 1 and 3
Only 1 and 2
All 1, 2 and 3
None of above

Answer: Option C

Explanation:

We will require all the statements to answer this question,

1 and 2 will give :
C = Rs. (8000 x 9) for 1 month = Rs. 72000 for 1 month.
A = Rs. (1/4 * 8000 * 12 ) for 1 month = Rs 24000 for 1 month
B = Rs 48000 for one month

C:A:B = 72000 : 24000 : 48000 = 3 : 1 : 2

From 3, we will get total Profit = 1000

Now from the ratio and total profit we can get Share of C.

C share will be = 1000 * 2/6 = 333 (1/3)

5. A and B entered into a partnership investing Rs. 16000 and Rs. 12000 respectively. After 3 months, A withdrew Rs. 5000 while B invested Rs. 5000 more. After 3 more months C joins the business with a capital of Rs. 21000. The share of B exceeds that of C, out of a total profit of Rs. 26400 after one year by

Rs. 3200
Rs. 3400
Rs. 3600
Rs. 3800

Answer: Option C

Explanation:

A:B: C = 16000*3 + 11000*9:12000*3 + 17000*9:21000*6
= 147:189:126 = 7:9:6
Difference of B and C’s shares =
Rs. [26400 * (9/22) — 26400 * (6/22))
= Rs. 3600