Posted On:March 1, 2019, Posted By: Latest Interview Questions,
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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

**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.