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Q1MULTIPLE CHOICE
Ankush and Vishal started a business by investing Rs. 3000 and Rs. 5000 respectively. At the end of the year they earned a profit of Rs. 1600. Find the share of Vishal in the total profit.
Answer: D
Since both of them invest for the same amount of time, profit will be divided in the ratio of their investments.
Ratio of investment for Ankush and Vishal = 3000 : 5000 = 3 : 5
Hence, share of Vishal = 5/8 × 1600 = 1000.
Hence, option (d).
Q2MULTIPLE CHOICE
Ankush and Vishal started a business by investing Rs. 3000 each. Ankush left the business after 7 months and withdrew his entire investment while Vishal stayed in the business till the end. At the end of the year they earned a profit of Rs. 3800. Find the share of Ankush in the total profit.
Answer: B
Since both of them invested the same amount, profit will be divided in the ratio of their time they were invested for.
Ratio of investment for Ankush and Vishal = 7 months : 12 months = 7 : 12
Hence, share of Ankush = 7/19 × 3800 = 1400.
Hence, option (b).
Q3MULTIPLE CHOICE
Ankush and Vishal started a business by investing Rs. 3000 and Rs. 5000 respectively. Ankush left the business after 7 months and withdrew his entire investment while Vishal stayed in the business till the end. At the end of the year they earned a profit of Rs. 5400. Find the difference between the profit received by the two.
Answer: C
We know, Profit ∝ Investment × Time
Ratio of profit for Ankush and Vishal = 3000 × 7 : 5000 × 12 months = 7 : 20
Hence, share of Ankush = 7/27 × 5400 = 1400.
Share of Vishal = 5400 – 1400 = 4000.
Hence, the difference = 4000 – 1400 = 2600.
Hence, option (c).
Q4MULTIPLE CHOICE
Three partners shared the profit in a business in the ratio 5 : 8 : 7. They had partnered for 14 months, 7 months and 8 months respectively. What was the ratio of their investments?
Answer: C
Let their investments be Rs. x for 14 months, Rs. y for 7 months and Rs. z for 8 months respectively.
We know, Profit ∝ Investment × Time
Hence, ratio of their profit, 5 : 8 : 7 = 14x : 7y : 8z.
Now, 14x/7y = 5/8 ⇒ y = 16/5 x
And, 14x/8z = 5/7 ⇒ z = 49/20 x
∴ x ∶ y ∶ z = x ∶ 16/5 x ∶ 49/20 x = 20 ∶ 64 ∶ 49
Alternately,
We know, ratio of their profit, 5 : 8 : 7 = 14x : 7y : 8z.
⇒ x : y : z = = = 20 : 64 : 49
Hence, option (c).
Q5MULTIPLE CHOICE
Ankush starts business with Rs. 10,500 and after 5 months, Vishal joins with Ankush as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B's contribution in the capital?
Answer: B
Let B's capital be Rs. x.
We know, Profit ∝ Investment × Time
Then, 2/3 = (10,500 × 12) / (x × 7)
⇒ x =
⇒ x = 27,000.
Hence, option (b).
Q6MULTIPLE CHOICE
A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A's share is Rs. 1710, the total profit is:
Answer: B
Let the total profit be Rs. 100P.
After paying to charity, A's share = Rs. 95P × = Rs. 57P
Given, A's share is Rs. 57P = 1710
⇒ P = 1710/57 = 30
Total profit = 100 × 30 = 3000
Hence, option (b).
Q7MULTIPLE CHOICE
A, B and C jointly engaged themselves in a business venture. It was agreed that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 14,800. Calculate the share of B in the profit.
Answer: B
For managing, A received = 5% of Rs. 14,800 = Rs. 740.
Balance = Rs. (14,800 - 740) = Rs. 14,060.
Ratio of their investments = (13,000 × 6) : (16,800 × 5) : (20000 × 3) = 78000 : 84000 : 60000 = 13 : 14 : 10
∴ B's share = Rs. (14,060 × 14/37) = Rs. 5320.
Hence, option (b).
Q8MULTIPLE CHOICE
A, B and C enter into a partnership in the ratio . After 4 months, A increases his share 50%. If the total profit at the end of one year be Rs. 43,200, then B's share in the profit is:
Answer: D
Ratio of initial investments = = 105 : 40 : 36.
Let the initial investments be 105x, 40x and 36x.
∴ Ratio of profits of A : B : C = : : = 1680x : 480x : 432x = 35 : 10 : 9.
A, B, C subscribe Rs. 1,00,000 for a business. A subscribes Rs. 8,000 more than B and B Rs. 10,000 more than C. Out of a total profit of Rs. 1,05,000, A receives:
Answer: D
Let C’s investment = x.
Then, B = x + 10,000 and A = x + 10,000 + 8,000 = x + 18,000.
So, x + x + 10,000 + x + 18,000 = 1,00,000
∴ 3x = 72,000
∴ x = 24,000
A : B : C = 42000 : 34000 : 24000 = 21 : 17 : 12.
∴ A's share = Rs.(1,05,000 × 21/50) = Rs. 44,100.
Hence, option (d).
Q10MULTIPLE CHOICE
Ankush and Vishal entered into partnership with capitals in the ratio 4 : 5. After 3 months, Ankush withdrew 1/4th of his capital and Vishal withdrew 1/5th of his capital. The gain at the end of 10 months was Rs. 1520. Ankush's share in this profit is:
Answer: C
Let initial investment of Ankush = 4x and that of Vishal = 3x.
Ankush and Vishal started a partnership business investing some amount in the ratio of 3 : 5. Dinesh joined them after nine months with an amount equal to twice that of Vishal. In what proportion should the profit at the end of one year be distributed among Ankush, Vishal and Dinesh?
Answer: C
Let the initial investments of A and B be 3x and 5x.
A : B : C = (3x × 12) : (5x × 12) : (10x × 3) = 36 : 60 : 30 = 6 : 10 : 5.
Hence, option (c).
Q12MULTIPLE CHOICE
Ankush, Vishal, Dinesh rent a pasture. Ankush puts 10 cows for 7 months, Vishal puts 12 cows for 5 months and Dinesh puts 15 cows for 3 months for grazing. If the rent of the pasture is Rs. 1050, how much must Dinesh pay as his share of rent?
Answer: A
A : B : D = (10 × 7) : (12 × 5) : (15 × 3) = 70 : 60 : 45 = 14 : 12 : 9.
∴ D's rent = Rs. (1050 × 9/35) = Rs. 270.
Hence, option (a).
Q13MULTIPLE CHOICE
Ankush and Vishal started a business in partnership investing Rs. 40,000 and Rs. 30,000 respectively. After six months, Dinesh joined them with Rs. 40,000. What will be Vishal's share in total profit of Rs. 50,000 earned at the end of 2 years from the starting of the business?
Answer: D
A : B : D = (40,000 × 24) : (30,000 × 24) : (40,000 × 18) = 4 : 3 : 3.
∴ B's share = Rs. (50,000 × 3/10) = Rs. 15,000.
Hence, option (d).
Q14MULTIPLE CHOICE
A began business with Rs. 1,250 and is joined afterwards by B with Rs. 3,750. When did B join if the profits at the end of the year are divided equally.
Answer: B
Let B joined for x months.
∴ PA : PB = IA × TA ∶ IB × TB
⇒ 1/1 = (1250 × 12)/(3750 × x)
⇒ x = 4
Hence, he joined after 12 - 4 = 8 months.
Hence, option (b).
Q15MULTIPLE CHOICE
Nirmal and Kapil started a business investing Rs. 9,000 and Rs. 12,000 respectively. After 6 months, Kapil withdrew half of his investment. If after a year, the total profit was Rs. 4,600 what was Kapil’s share in it?
Answer: D
Nirmal’s investment for 12 months = 9,000
Kapil average investment for 12 months = (12000 × 6 + 6000 × 6)/12 = 9,000
∴ Ratio of their profit = Ratio of their investment
⇒ Profit of Nirmal : Profit of Kapil = 9000 : 9000 = 1 : 1