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Question Detail
Kamal started a business investing Rs 9000. After five months, Sameer joined with a capital of Rs 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit ?
- Rs 2380
- Rs 2300
- Rs 2280
- Rs 2260
Answer: Option A
Explanation:
Now as per question, Kamal invested for 12 months and Sameer invested for 7 months.
So
Kamal:Sameer = (9000*12):(8000*7)
= 108:56
= 27:14
Sameer Ratio in profit will be
\begin{aligned}
= \left(6970*\frac{14}{41}\right) \\
= Rs& 2380
\end{aligned}
1. A,B and C enter into a partnership investing Rs 35000, Rs 45000 and 55000. Find the their respective shares in annual profit of 40,500
- 10500, 13500, 19500
- 10500, 13500, 18500
- 10500, 13500, 17500
- 10500, 13500, 16500
Answer: Option D
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
[In options we can see that only salary of C is different in all options. So we cn just calculate the C share to solve question quickly :) ]
2. 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}
3. 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
4. Anand and Deepak started a business investing Rs.22,500 and Rs.35,000 respectively. Out of a total profit of
Rs. 13,800. Deepak's share is
- Rs 9600
- Rs 8500
- Rs 8450
- Rs 8400
Answer: Option D
Explanation:
Ratio of their shares = 22500 : 35000
=9 : 14
Deepak's share = Rs.(13800×14/23)
= Rs. 8400
5. 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.
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