Aptitude Partnership Test Paper 1
1) Sohan started a business with a capital of Rs. 80000. After 6 months Mohan joined as a partner by investing Rs. 65000. After one year they earned total profit Rs. 20000. What is share of Sohan in the profit?
- Rs. 5222.2
- Rs. 14222.2
- Rs. 6222.2
- Rs. 6777.7
The Correct answer is (B)
Explanation:
Sohan’s capital be C1 = 80000
Mohan’s capital be C2 = 65000
Sohan’s time be T1 = 12 months
Mohan’s time be T2 = 6 months
Profit earned = 20000
Apply formula:
Therefore, Sohan’s share =
Solution: 2
Ratio of their profits =
Therefore, Profit of Sohan: Profit of Mohan = 32:13
Then, Sohan’s share =* 20000= 14222.2
2) A, B and C are partners. They have invested Rs.35000, Rs. 25000 and 10,000 respectively for the same period. If the total profit is Rs. 18000, find the share of A.
- Rs. 9000
- Rs. 9500
- Rs. 8000
- Rs. 8500
The Correct answer is (A)
Explanation:
A’s capital be C1= 35000
B’s capital be C2= 25000
C’s capital be C3= 10000
Profit = 18000
T1=T2=T3
Apply formula:
Solution 2:
Ratio of their profits;
Profit of A: Profit of B: Profit of C = C1*T1: C2*T2:C3*T3
Time is same for A, B and C.
So, Profit of A: Profit of B: Profit of C = C1: C2: C3
= 35000:25000:10000
= 7:5:2
A’s share = (A’s ratio/ sum of all three ratios)* total profit
3) A’s and B’s shares in a business are in the ratio of 5:3. If A has invested Rs. 70000 for 12 months, for what period B has invested Rs. 60000?
- 7 months
- 7.4 months
- 8 months
- 8.4 months
The Correct answer is (D)
Explanation:
A’s capital be C1 = 70000
B’s capital be C2 = 60000
A’s time be T1= 12 months
Let B’s time be T2 = X months
A’s share: B’s share = 5:3
Apply formula:
300000 X = 2520000
4) Suresh started a business by investing a certain amount of money. Rakesh joined him after four months by investing Rs. 50000. If after one year Suresh and Rakesh share the profit in the ratio of 10:8, how much capital did Suresh invest?
- Rs. 42000
- Rs. 44000
- Rs. 47000
- Rs. 41666.7
The Correct answer is (D)
Explanation:
Let Suresh’s capital be C1 = X
Rakesh’s capital be C2 = 50000
Suresh’s Time be T1 = 12 months
Rakesh’s Time be T2 = 8 months
Suresh’s profit: Rakesh’s profit = 10:8
Apply formula:
X = 41666.7
5) A and B enter into a partnership by investing Rs.14000 and Rs. 16000 respectively. After 8 months, C joins them with a capital of Rs.12000. Find the share of C in a total profit of Rs. 57000 after 2 years.
- Rs.12000
- Rs.12500
- Rs.13000
- Rs.13500
The Correct answer is (A)
Explanation:
A’s capital be C1 = 14000
B’s capital be C2 = 16000
C’s capital be C3 = 12000
A’s time be T1 = 24 months
B’s time be T2 = 24 months
C’s time be T3 = 16 months
Profit: 57000
Apply formula: Profit of A: Profit of B: Profit of C = C1*T1: C2*T2:C3*T3
= 14000*24: 16000*24:12000*16
= 336000:384000:192000
= 7: 8: 4
C’s share = * 57000 = 12000 (Option A)
Solution 2:
Apply formula :
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