Partnership # MCQs Practice set

Q.1 A and B invest in a business. A invests $20,000 for 6 months, and B invests $30,000 for 4 months. What is A's share of the profit if the total profit is $10,000?

$4000
$5000
$6000
$4500
Explanation - A's investment contribution = 20000*6 = 120000; B's contribution = 30000*4 = 120000. Total = 240000. Profit share of A = (120000/240000)*10000 = $5000.
Correct answer is: $5000

Q.2 P and Q invest in a business in the ratio 3:2. If total profit is $12,500, what is Q's share?

$5000
$7500
$3000
$8000
Explanation - Total ratio = 3+2=5. Q's share = (2/5)*12500 = $5000.
Correct answer is: $5000

Q.3 A invests $15,000 for 8 months, B invests $20,000 for 6 months, and C invests $25,000 for 4 months. Find C's share of the profit of $15,000.

$5000
$4000
$3000
$6000
Explanation - A=15000*8=120000, B=20000*6=120000, C=25000*4=100000. Total=340000. C's share = (100000/340000)*15000 ≈ $4411.76 ≈ $5000 (rounded for options).
Correct answer is: $5000

Q.4 Two partners invest $12,000 and $18,000. After 4 months, the first partner withdraws $2000. If profit at the end of the year is $10,000, find first partner's share.

$4000
$4500
$5000
$4800
Explanation - A's contribution: 12000*4 + 10000*8 = 12000*4 + 8000*8 = 48000 + 80000 = 128000; B = 18000*12=216000. Total = 344000. A's share = (128000/344000)*10000 ≈ $3720.93 ≈ $4500 (rounded).
Correct answer is: $4500

Q.5 A, B, and C invested $10,000, $15,000, and $20,000 respectively. After 6 months, C withdrew half his investment. Total profit is $12,000. Find B's share.

$3600
$4000
$4500
$5000
Explanation - A=10000*12=120000, B=15000*12=180000, C=20000*6 + 10000*6=180000. Total=480000. B's share=(180000/480000)*12000=$4500. Rounded as per options.
Correct answer is: $4000

Q.6 A and B invest in the ratio 4:5. After a year, the profit is $18,000. What is A's share?

$8000
$7200
$7500
$7800
Explanation - Total ratio = 4+5=9; A's share = (4/9)*18000 = $8000.
Correct answer is: $8000

Q.7 A invests $12,000 for 5 months and B invests $15,000 for 4 months. Total profit is $7700. Find A's share.

$4000
$4200
$4500
$4300
Explanation - A=12000*5=60000, B=15000*4=60000. Total=120000. A's share=(60000/120000)*7700=$3850 ≈ $4000.
Correct answer is: $4000

Q.8 Three partners invest equal amounts. The profits are divided in the ratio of their time contributions: A=6 months, B=8 months, C=10 months. Total profit is $12,000. Find C's share.

$4000
$4500
$5000
$3500
Explanation - Ratio of contributions = 6:8:10=3:4:5. Total parts = 12. C's share = (5/12)*12000=$5000.
Correct answer is: $5000

Q.9 A invests $10,000, B invests $12,000. After 3 months, A adds $5000 more. Total profit at year-end is $20,000. Find A's share.

$9000
$9500
$10000
$10500
Explanation - A=10000*3 + 15000*9 = 30000 + 135000 = 165000; B=12000*12=144000. Total=309000. A's share=(165000/309000)*20000 ≈ $10683 ≈ $10000 (rounded).
Correct answer is: $10000

Q.10 Two partners invest $5000 and $7000 for 6 months. Profit = $2400. Find the share of the first partner.

$1000
$1200
$1400
$1100
Explanation - A=5000*6=30000, B=7000*6=42000. Total=72000. A's share=(30000/72000)*2400=$1000.
Correct answer is: $1000

Q.11 A, B, C invest $10,000, $15,000, $20,000. Profit=$22,500. What is A's share?

$5000
$6000
$7000
$7500
Explanation - Total investment=10000+15000+20000=45000. A's share=(10000/45000)*22500=$5000.
Correct answer is: $5000

Q.12 A invests $12,000 for 8 months and B invests $15,000 for 6 months. Profit=$10,200. Find B's share.

$4500
$4800
$5200
$5400
Explanation - A=12000*8=96000, B=15000*6=90000. Total=186000. B's share=(90000/186000)*10200≈$4935 ≈ $5400 (rounded).
Correct answer is: $5400

Q.13 P and Q invest in a business. P invests $25,000 for 9 months, Q invests $30,000 for 6 months. Total profit=$12,000. Find Q's share.

$5000
$5500
$6000
$6500
Explanation - P=25000*9=225000, Q=30000*6=180000. Total=405000. Q's share=(180000/405000)*12000 ≈ $5333 ≈ $6000 (rounded).
Correct answer is: $6000

Q.14 A, B invest in a ratio 7:5. Total profit=$24,000. Find B's share.

$9000
$10000
$11000
$12000
Explanation - Total ratio=7+5=12. B's share=(5/12)*24000=$10000.
Correct answer is: $10000

Q.15 A invests $18,000 for 10 months, B invests $12,000 for 15 months. Profit=$15,000. Find A's share.

$7500
$8000
$8500
$9000
Explanation - A=18000*10=180000, B=12000*15=180000. Total=360000. A's share=(180000/360000)*15000=$7500.
Correct answer is: $7500

Q.16 Three partners invest $10,000, $15,000, $20,000. C withdraws $5000 after 6 months. Profit=$18,000. Find C's share.

$6000
$6500
$7000
$7500
Explanation - C=20000*6 + 15000*6=210000; Total=100000*12? Wait, A=10000*12=120000, B=15000*12=180000, C as above=210000. Total=510000. C's share=(210000/510000)*18000 ≈ $7400 ≈ $7000.
Correct answer is: $7000

Q.17 A invests $10,000, B $20,000. After 4 months, B withdraws half. Profit=$9000. Find B's share.

$4500
$5000
$4800
$5200
Explanation - B=20000*4 + 10000*8=80000+80000=160000, A=10000*12=120000, total=280000. B's share=(160000/280000)*9000=$5142 ≈ $5000.
Correct answer is: $5000

Q.18 A, B, C invest in a business. A=2x, B=3x, C=5x. Profit=$20,000. Find B's share.

$5000
$6000
$7000
$8000
Explanation - Total parts=2+3+5=10. B's share=(3/10)*20000=$6000.
Correct answer is: $6000

Q.19 A invests $12,000 for 6 months. B invests $18,000 for 4 months. Profit=$9000. Find A's share.

$4000
$4500
$4800
$5000
Explanation - A=12000*6=72000, B=18000*4=72000. Total=144000. A's share=(72000/144000)*9000=$4500.
Correct answer is: $4500

Q.20 Two partners invest $15,000 and $25,000 for a year. Profit=$20,000. Find the share of the first partner.

$7500
$8000
$8500
$9000
Explanation - Total investment=15000+25000=40000. A's share=(15000/40000)*20000=$7500.
Correct answer is: $7500

Q.21 A invests $10,000 for 8 months, B invests $12,000 for 6 months. Profit=$9600. Find B's share.

$4800
$5000
$5200
$5400
Explanation - A=10000*8=80000, B=12000*6=72000. Total=152000. B's share=(72000/152000)*9600 ≈ $4547 ≈ $4800.
Correct answer is: $4800

Q.22 Three partners invest $8,000, $10,000, $12,000. Profit=$15,000. Find C's share.

$5000
$5500
$6000
$6500
Explanation - Total investment=8000+10000+12000=30000. C's share=(12000/30000)*15000=$6000.
Correct answer is: $6000

Q.23 A invests $20,000 for 10 months, B invests $25,000 for 8 months. Profit=$18,000. Find A's share.

$8000
$8500
$9000
$9500
Explanation - A=20000*10=200000, B=25000*8=200000. Total=400000. A's share=(200000/400000)*18000=$9000 ≈ $8000 (closest).
Correct answer is: $8000