Question Detail

Nirmal and Kapil started a business investing Rs. 9000 and Rs. 12000 respectively. After 6 months, Kapil withdrew half of his investment. If after a year, the total profit was Rs. 4600, what was Kapil’s share initially ?

Rs 2300
Rs 2400
Rs 2500
None of above

Answer: Option A

Explanation:

Nirmal:Kapil = 9000*12:(12000*6+6000*6) = 1:1

Kapils share = Rs. [4600 *(1/2)) = Rs. 2300

1. Three partners A,B and C shared the profit in a software business in the ratio 5:7:8. They had partnered for 14 months, 8 months and 7 months respectively. Find the ratio of their investments?

19:49:64
20:49:64
20:49:65
20:50:64

Answer: Option B

Explanation:

Let their investments be Rs. x for 14 months, Rs. y for 8 months and Rs. z for 7 months respectively

Then, 14x : 8y : 7z = 5 : 7 : 8

Now, 14x/8x = 5/7
=> y = (49/20)x

14x/7z = 5/8

=> z = (16/5)x

=>x:y:z = x:(49/20)x:(16/5)x
= 20:49:64

2. 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

3. 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.

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 starts business with Rs. 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2:3. What is B's contribution in the capital

Rs 9000
Rs 7000
Rs 5000
Rs 4000

Answer: Option A

Explanation:

Let B contribution is x.
\begin{aligned}
\frac{3500*12}{7x} = \frac{2}{3} \\
=> 14x = 126000
=> x = Rs 9000
\end{aligned}