Partnership

Question: Aman started a business investing Rs. 70,000. Rakhi joined him after six months with an amount of Rs.. 1,05,000 and Sagar joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Aman, Rakhi and Sagar respectively, 3 years after Aman started the business?

[A].

7 : 6 : 10

[B].

12 : 15 : 16

[C].

42 : 45 : 56

[D].

Cannot be determined

Answer: Option B

Explanation:

Aman : Rakhi : Sagar = (70,000 x 36) : (1,05,000 x 30) : (1,40,000 x 24) = 12 : 15 : 16.

Question: A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

[A].

Rs. 7500

[B].

Rs. 9000

[C].

Rs. 9500

[D].

Rs. 10,000

Answer: Option A

Explanation:

A : B : C = (20,000 x 24) : (15,000 x 24) : (20,000 x 18) = 4 : 3 : 3.

B’s share = Rs.		25000 x	3		= Rs. 7,500.
			10

Question: Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran’s share in the profit?

[A].

Rs. 9,423

[B].

Rs. 10,250

[C].

Rs. 12,500

[D].

Rs. 10,500

Answer: Option D

Explanation:

Simran : Nanda = (50000 x 36) : (80000 x 30) = 3 : 4.

Simran’s share = Rs.		24500 x	3		= Rs. 10,500.
			7