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Partnership Question Answers

1 . Simple partnership: When capitals of all the persons are invested for the same time intervals, the gain or loss in the business is divided among the partners in the ratio of their investments.

2 . Compound partnership: When capitals of partners are invested for different time intervals then equivalent capitals are obtained for 1 unit of time by multiplying the capital with the number of units. The gain or loss is now divided among partners in the ratio of these capitals.

Formula for compound partnership is Partnership

Practise Test:


  1. In business A, B and C invested Rs. 380, Rs. 400 and Rs. 420 respectively. What is the share of A if they got Rs. 180 as profit.
    1) Rs. 57   2) Rs. 60   3) Rs. 63   3) Rs. 62

  2. A started a business with a capital of Rs. 10,000 and 4 months later, B joined him with a capital of Rs. 5,000. What is the share of A of a total profit of Rs. 2,000 at the end of the year ?
    1) Rs. 2,000   2) Rs. 1,600   3) Rs. 1,500   4) Rs. 1,000

  3. A and B together invested Rs. 12,000 in a business. At the end of the year, out of a total profit of Rs. 1,800, A's share was Rs. 750. What was the investment of A?
    1) Rs. 5,000   2) Rs. 4,000   3) Rs. 3,500   4) Rs. 5,300

  4. Rs. 750 is distributed among A, B and C such that A's share : B's share = 2:3 and B's share: C's share = 6:5. The share of A is?
    1) Rs. 150   2) Rs. 175   3) Rs. 200   4) Rs. 250

  5. A profit of Rs. 450 is divided between two partners, one of whom has contributed Rs. 1200 for 5 months and the other Rs. 750 for 4 months. How much amount did the second partner receive?
    1) Rs. 300   2) Rs. 425   3) Rs. 150   4) Rs. 175

  6. A, B and C can do a work in 20, 25 and 30 days respectively. They undertook to finish the work together for Rs. 2,220. Then the share of A exceeds that of B by:
    1) Rs. 120   2) Rs. 180   3) Rs. 300   4) Rs. 600

  7. Three partners A, B and C invest Rs. 13,000, Rs, 17,000 and Rs. 5,000 respetively in a business. They have a profit of Rs. 1,750. B's share of profit is:
    1) Rs. 650   2) Rs. 850   3) Rs. 250   4) Rs. 750

  8. A starts a business with Rs. 30,000 and 4 months after B joins. If at the end of the year, the profits are divided by A and B in the proportion of 9:4, B's capital was:
    1) Rs. 20,000   2) Rs. 25,000   3) Rs. 20,700   4) Rs. 18,000

  9. A invests Rs. 3,000 for one year in a business. How much should B invest in order that the profit after 1 year may be divided in the ratio 2:3?
    1) Rs. 2,000   2) Rs. 1,800   3) Rs. 3,600   4) Rs. 4,500

Answers Practise Test:


1. (1)   2. (3)   3. (1)   4. (3)   5. (3)   6. (2)   7. (2)   8.(1)   9. (4)

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