TEST TIME:PROFIT AND LOSS

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Topic Name

PARTNERSHIP
Concept

Formula:

Ratio of Investment * Time = Ratio of Profit

Ex:

(A’s Investment * A’s Time) : (B’s Investment * B’s Time) = A’s profit : B’s profit
Question: 01

P and Q jointly buy a hotel, P invests 6 times the investment of Q, On receiving profit of Rs.84000. What
will be Q’s share in it?

A. Rs.10000
B. Rs.12000
C. Rs.14000
D. Rs.16000

Answer: B
Explanation:

P=6Q ---> P/Q = 6/1 ---> P:Q = 6:1

P’s share=6/7 * 84000

P’s share=Rs.72000

Q’s share=1/7 * 84000

Q’s share=Rs.12000
Question: 02

Rohit starts a travel agency by investing Rs.40,000. After 4 months Raj joins the agency. Raj invests
Rs.50,000. What will be profit share of Raj if they earn a total of Rs.1,87,000 as profit in the entire year.

A. 90,000
B. 85,000
C. 80,000
D. 95,000

Answer:B
Explanation:

Rohit : Raj

40,000 * 12 : 50,000 * 8

Profit of Rohit:Profit of Raj= 48,000 : 4,00,000

48 : 40 => 6:5

Raj=5/11 * 17000 = 85,000

M Invests Rs.4000 in coaching classes. After 3 months N comes along with Rs.8000. P comes in with
Rs.20,000. The classes earn a profit of Rs.1,12,000 at the end of the year. If profits of M, N and P are in
the ratio of 6:9:5 respectively. For how many months was P invested?

A. 3 months
B. 6 months
C. 5 months
D. 2 months

Answer:D
Explanation:

M : N : P

4000*12 : 8000*9 : 20,000* T

48000=6k

k=8000

20,000T =5k

T=2
Question: 04

Ratio of profits of P,Q,R are 5:8:9. What is their investment ratio, if their investment time period is 2:5:8
respectively.

A. 100:64:45
B. 150:50:60
C. 120:25:55
D. 100:25:60

Answer:A
Explanation:

Investment = Profit / Time

P : Q : R

Profit 5 : 8 : 9

Time 2 : 5 : 8

5/2 : 8/5 : 9/8 → LCM=40

Investment =100:64:45
Question: 05

Ajay and vijay’s investment is in ratio 5:2. Ajay gets Rs.3420 as profit after donating 10% of total profit to
orphanage. What is vijay’s share?

A. Rs.1500
B. Rs.1598
C. Rs.1368
D. Rs.1422

Answer:C
Explanation:

A : V

Profit 5 : 2

A=5/7*Total profit

A=3420=5/7*Total profit

A=684*7=Total profit

V=2/7*684*7 = Rs.1368
Question: 06

P,Q and R start a hotel. Q and R invest equally but P invests one-fifth of the total profit amount. On
getting profit of rs.225000, how much would be difference between profit of Pand R?

A. Rs.10,000
B. Rs.45000
C. Rs.8050
D. Rs.7000

Answer:B
Explanation:

P=1/5 (2250000)

P=45000 Rs

Invest of Q = Investment of R

225000 - 45000

= 1,80,000 Rs

= 1,80,000 / 2 = Rs.90,000
Question: 07

P and Q start a cafe with a capital of Rs.20,000 and Rs.40,000 respectively. After a year, out of the profit
of Rs.15,000, P gets his share of profit plus some money as his salary. In total if P gets Rs.7000, what is
the salary amount he received?

A. Rs.1500
B. Rs.3000
C. Rs.2500
D. Rs.2000

Answer:D
Explanation: 07

P: Q

20,000 : 40,000

P : Q = 1:2

P=⅓*15000=5000 Rs

7000 = prof + sal

7000 = 5000 + sal

sal= Rs.2000
Question: 08

Rs.15000 were invested by Ram and Shyam together to start a small business. They got a profit of
Rs.2000 at the end of the year. Shyam took his profit share of Rs.600. How much did Ram Invest?

A. Rs.20,000
B. Rs.10,000
C. Rs.10,500
D. Rs.25,000

Answer:C
Explanation: 08

Ram : shyam

R * 12 : S * 12

R : S =1400 : 600

R : S = 14 : 6

R = 14/14+6 * Total Investment = 14/20*15000

= 10500 Rs
Question: 09

Arun started a business investing Rs.45,000 after 8 months vani joined him with a capital of Rs.52,000 at
the end of two year, the total profit was Rs.56165. What is the share of the profit of vani?

A. 21450
B. 24440
C. 27635
D. 317650

Answer:B
Explanation:

Arun : Vani

45000*24 : 52000*16

3 : 2

45*3 : 52*2 = 135:104

235*104=24440
Question: 10

A,B,C started a business by investing Rs.1,20,000, Rs.1,35,000 and Rs.1,50,000. Find the share of
each, out of annual profit Rs.56,700

A. 16800:18900:21000
B. 17520:19000:22000
C. 17400:21000:18000
D. 18000:15500:24000

Answer: A
Explanation:

A : B : C

12000*1 : 135000*1 : 150000*1

120 : 135 : 150

8 : 9 : 10

56700/27=2100 (8:9:10)*2100= 16800:18900:21000

Anil, mukesh and ritesh started a business by investing Rs.1,25,000, Rs.1,50,000 and Rs.1,75,000
respectively, out of an annual profit 93600 what will be 50% of mukesh share in the profit?

A. 36400
B. 31200
C. 32500
D. 15600

Answer:D
Explanation: 11

Anil : Mukesh : Ritesh

1,25,000*12 : 1,50,000*12 : 1,75,000*12

125:150:175

5:6:7

6/18*93600

Mukesh total share =31200(100%)

50% of Mukesh share is =31200/2=15600

A,B and C enters in to partnership with investments of Rs.75,000, Rs.60,000 and Rs.40,000
respectively. After 3 years of operation, the partnership earned a net profit of Rs.26250.
What was the share of C is the profit?
A. 6000
B. 5000
C. 8000
D. None

Answer:A
Explanation:

A : B : C

75000*36 : 60000*36 : 40000*36

75 : 60 : 40

15 : 12 : 8

8/35*26,250=6000
Question: 13

Arun started a business investing Rs.32,000 after 5 months, Bala joined him with a capital of
Rs.22,000 at the end of the year. The total profit was Rs.16,409. What is the difference
between shares of Arun and Bala?
A. Rs.5284
B. RS.11712
C. Rs.10182
D. Rs.7015

Answer:D
Explanation:

Arun : Bala

32000*12 : 22000*7

32*6 : 11*7

192 : 77 (192-77)=115

115/269*16409=7015
Question: 14

Adhi and Bala started a business investing Rs.42,000 and Rs.57,000 Respectively, But bala
left the business after 8 months. Find the difference between the shares of profits of Adhi
and Bala, if the total profit at the end of the year was Rs.26,000?
A. Rs.1200
B. Rs.1400
C. Rs.1600
D. Rs.1300

Answer:D
Explanation:

Adhi : Bala

42000*12 : 57000*8

21 : 19 (21-9=2)

=2/40*26000

=1300
Question: 15

Nikita and Nishita enters to a partnership by investing Rs.50,000 and Rs.40,000 respectively.
They agreed to share the profit in the ratio of their capitals. Find out the share of Nikita when
profit of the business is Rs.22,500 after year.
A. 1500
B. 9500
C. 10500
D. 12500

Answer:D
Explanation:

Nikita Nishita
50,000 * 12 : 40,000 * 12

5 : 4

=5/9 * 22,500

=12,500
THANK YOU