Dear Readers, Welcome to Partnership - Aptitude Objective Questions have been designed specially to get you acquainted with the nature of questions you may encounter during your Job interview for the subject of Partnership - Aptitude MCQs. These objective type Partnership - Aptitude questions are very important for campus placement test and job interviews. As per my experience good interviewers hardly plan to ask any particular question during your Job interview and these model questions are asked in the online technical test and interview of many Banks, SSC, Railways, Postal and many Govt Jobs.
1. Partnership:
When two or more than two persons run a business jointly, they are called partners and the deal is known as partnership.
2. Ratio of Divisions of Gains:
A) When investments of all the partners are for the same time, the gain or loss is distributed among the partners in the ratio of their investments.
Suppose A and B invest Rs. x and Rs. y respectively for a year in a business, then at the end of the year:
(A's share of profit) : (B's share of profit) = x : y.
B) When investments are for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital x number of units of time). Now gain or loss is divided in the ratio of these capitals.
Suppose A invests Rs. x for p months and B invests Rs. y for q months then,
(A's share of profit) : (B's share of profit)= xp : yq.
3. Working and Sleeping Partners:
A partner who manages the the business is known as a working partner and the one who simply invests the money is a sleeping partner.
A. Rs.14400
B. Rs.26400
C. Rs.12000
D. Rs.12500
Explanation :
Ratio of the investment = 21000 : 17500
= 210 : 175
= 42 : 35
= 6 : 5
Share of X in the profit = 26400 * (6/11)
= 2400 * 6
= 14400
A. 10500, 13500, 19500
B. 10500, 13500, 18500
C. 10500, 13500, 17500
D. 10500, 13500, 16500
Explanation:
A:B:C = 35000:45000:55000 = 7:9:11
A's share = (7/27) *40500 = Rs 10500
B's share = (9/27) *40500 = Rs 13500
C's share = (11/27)*40500 = Rs 16500
A. 3:7:5
B. 6:10:5
C. 6:10:7
D. 6:7:5
Explanation:
Let initial investment of A is 3x and B is 5x, then C investment is also 5x, but most important to note in this question is the time duration of investment Like, A invested for 12 months, B invested for 12 months and C invested for 6 months.
A:B:C =(3x*12):(5x*12):(5x*6)
= 36:60:30
= 6:10:5
Ratio of the capitals of A, B and C
= 20000 * 5 + 15000 * 7 : 20000 * 5 + 16000 * 7 : 20000 * 5 + 26000 * 7
205000 : 212000 : 282000 = 205 : 212 : 282.
A’s share = Rs. [69900 * 205/699] = Rs. 20500;
B’s share = Rs. [69900 * 212/699] = Rs. 21200;
C’s share = Rs. [69900 * 282/699] = Rs. 28200.
B. 3 : 5 : 5
C. 6 : 10 : 5
D. Data inadequate
Explanation:
Let the initial investments of A and B be 3x and 5x.
A : B : C = (3x x 12) : (5x x 12) : (5x x 6) = 36 : 60 : 30
= 6 : 10 : 5.
A. Rs.14400
B. Rs.26400
C. Rs.12000
D. Rs.12500
Explanation :
Ratio of the investment = 21000 : 17500
= 210 : 175
= 42 : 35
= 6 : 5
Share of X in the profit = 26400 * (6/11)
= 2400 * 6
= 14400
A. 10500, 13500, 19500
B. 10500, 13500, 18500
C. 10500, 13500, 17500
D. 10500, 13500, 16500
Explanation:
A:B:C = 35000:45000:55000 = 7:9:11
A's share = (7/27) *40500 = Rs 10500
B's share = (9/27) *40500 = Rs 13500
C's share = (11/27)*40500 = Rs 16500
A. 3:7:5
B. 6:10:5
C. 6:10:7
D. 6:7:5
Explanation:
Let initial investment of A is 3x and B is 5x, then C investment is also 5x, but most important to note in this question is the time duration of investment Like, A invested for 12 months, B invested for 12 months and C invested for 6 months.
A:B:C =(3x*12):(5x*12):(5x*6)
= 36:60:30
= 6:10:5
Ratio of the capitals of A, B and C
= 20000 * 5 + 15000 * 7 : 20000 * 5 + 16000 * 7 : 20000 * 5 + 26000 * 7
205000 : 212000 : 282000 = 205 : 212 : 282.
A’s share = Rs. [69900 * 205/699] = Rs. 20500;
B’s share = Rs. [69900 * 212/699] = Rs. 21200;
C’s share = Rs. [69900 * 282/699] = Rs. 28200.
A. 3 : 5 : 2
B. 3 : 5 : 5
C. 6 : 10 : 5
D. Data inadequate
Explanation:
Let the initial investments of A and B be 3x and 5x.
A : B : C = (3x x 12) : (5x x 12) : (5x x 6) = 36 : 60 : 30
= 6 : 10 : 5.