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20 + Partnership Problems and Answers | Quantitative Aptitude

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Partnership questions are an important part of quantitative aptitude tests in banking exams and the CAT Exam. Almost all bank exams will include Partnership Problems, so it is best to understand the concept now so you can solve them later. Partnership Problems are asked in exams like

Start your preparation by solving these questions. In this blog, we will go over the fundamentals of partnership problems, as well as the types of questions asked in previous year exams and how to approach them. This will help you clear your basics and answer these partnership questions.

What is Partnership? What are Partnership Problems?

A partnership is formed when two or more people pool their resources to start and profit from a business. There are two kinds of partnerships: simple and compound. 

  • In a simple partnership, partners invest the same amount of money for the same period. 
  • In a compound partnership, partners invest different amounts of money for different periods, affecting their profits.

Partnership problems are asked based on the information provided above about what is partnership.

Partnership Problems Formula:

Profit is directly proportional to Time and Investments.

  • Profit ∝ Time  Profit ∝ Investments
  • Profit ∝ (Time × Investments)

Must Read: Classification Reasoning Questions | Verbal Reasoning

20 + Partnership Questions and Answers 

  1. A and B formed a partnership with investments of Rs. 40,000 (12 months) and Rs. 60,000 (8 months) respectively. In what ratio will they share the profits?

a. 2:3

b. 3:2

c. 4:5

d. 5:4
Answer: a. 2:3

  1. A, B, and C formed a limited partnership. A contributed Rs. 200,000, B contributed Rs. 150,000, and C contributed Rs. 100,000. What is the liability of each partner?

a. A – Limited, B – Limited, C – Unlimited

b. A – Limited, B – Limited, C – Unlimited

c. A – Limited, B – Unlimited, C – Limited

d. A – Unlimited, B – Unlimited, C – Limited
Answer: b. A – Limited, B – Limited, C – Unlimited

  1. A and B are general partners. A’s liability is unlimited, while B’s is limited to his capital contribution. How much is B’s maximum liability for partnership debts?

a. His capital contribution

b. Double his capital contribution

c. Half of his capital contribution

d. Unlimited
Answer: a. His capital contribution

  1. A, B, and C are partners in a business. A’s capital is Rs. 50,000, B’s capital is Rs. 75,000, and C’s capital is Rs. 100,000. If the total profit for the year is Rs. 60,000, what is B’s share of the profit?

a. Rs. 10,000

b. Rs. 15,000

c. Rs. 20,000

d. Rs. 25,000
Answer: b. Rs. 15,000

  1. A and B are partners. A invested Rs. 60,000, and B invested Rs. 80,000. If they earned a profit of Rs. 30,000, what is the ratio of A’s profit to B’s profit?

a. 1:2

b. 2:3

c. 3:4

d. 4:5
Answer: c. 3:4

  1. A and B started a business with investments of Rs. 25,000 and Rs. 30,000, respectively. If the total profit is Rs. 15,000, what is the ratio of A’s profit to B’s profit?

a. 5:6

b. 2:3

c. 3:4

d. 1:1
Answer: b. 2:3

  1. A and B are partners. A invested Rs. 40,000 for 9 months, and B invested Rs. 60,000 for 6 months. If they earned a profit of Rs. 24,000, what is B’s share of the profit?

a. Rs. 12,000

b. Rs. 16,000

c. Rs. 18,000

d. Rs. 20,000
Answer: a. Rs. 12,000

  1. A, B, and C are partners. A invests Rs. 50,000 for 4 months, B invests Rs. 75,000 for 6 months, and C invests Rs. 100,000 for 8 months. If they earn a profit of Rs. 60,000, what is C’s share of the profit?

a. Rs. 15,000

b. Rs. 20,000

c. Rs. 25,000

d. Rs. 30,000
Answer: c. Rs. 25,000

  1. A, B, and C are partners. A invests Rs. 20,000, B invests Rs. 30,000, and C invests Rs. 50,000. If they share the profit in the ratio of their investments, what is C’s share of the profit when the total profit is Rs. 24,000?

a. Rs. 6,000

b. Rs. 8,000

c. Rs. 10,000

d. Rs. 12,000
Answer: c. Rs. 10,000

  1. A and B formed a partnership. A invested Rs. 25,000 for 8 months, and B invested Rs. 40,000 for 6 months. If they earned a profit of Rs. 18,000, what is the ratio of A’s profit to B’s profit?

a. 3:4

b. 4:3

c. 2:3

d. 3:2
Answer: a. 3:4

  1. A, B, and C started a business. A invested Rs. 30,000, B invested Rs. 50,000, and C invested Rs. 70,000. If the total profit is Rs. 45,000, what is B’s share of the profit?

a. Rs. 15,000

b. Rs. 18,000

c. Rs. 20,000

d. Rs. 25,000
Answer: b. Rs. 18,000

  1. A and B are partners. A invested Rs. 45,000, and B invested Rs. 60,000. If they earned a profit of Rs. 36,000, what is the ratio of A’s profit to B’s profit?

a. 3:4

b. 4:3

c. 2:3

d. 3:2
Answer: a. 3:4

  1. A, B, and C formed a partnership. A invested Rs. 20,000 for 6 months, B invested Rs. 30,000 for 8 months, and C invested Rs. 40,000 for 5 months. If they earned a profit of Rs. 24,000, what is C’s share of the profit?

a. Rs. 5,000

b. Rs. 7,000

c. Rs. 8,000

d. Rs. 10,000
Answer: c. Rs. 8,000

  1. A and B are partners in a business. A invested Rs. 36,000 for 10 months, and B invested Rs. 54,000 for 7 months. If they earned a profit of Rs. 30,000, what is B’s share of the profit?

a. Rs. 12,000

b. Rs. 15,000

c. Rs. 18,000

d. Rs. 20,000
Answer: b. Rs. 15,000

  1. A, B, and C started a business. A invested Rs. 25,000, B invested Rs. 40,000, and C invested Rs. 60,000. If the total profit is Rs. 36,000, what is C’s share of the profit?

a. Rs. 12,000

b. Rs. 15,000

c. Rs. 18,000

d. Rs. 24,000
Answer: d. Rs. 24,000

  1. A and B formed a partnership. A invested Rs. 30,000 for 9 months, and B invested Rs. 45,000 for 6 months. If they earned a profit of Rs. 27,000, what is the ratio of A’s profit to B’s profit?

a. 2:3

b. 3:2

c. 4:5

d. 5:4
Answer: a. 2:3

  1. A, B, and C formed a limited partnership. A contributed Rs. 100,000, B contributed Rs. 150,000, and C contributed Rs. 200,000. If the total profit for the year is Rs. 120,000, what is C’s share of the profit?

a. Rs. 40,000

b. Rs. 50,000

c. Rs. 60,000

d. Rs. 70,000
Answer: c. Rs. 60,000

  1. A and B are general partners. A’s liability is unlimited, while B’s is limited to his capital contribution. If the total assets of the partnership are Rs. 200,000 and the total liabilities are Rs. 120,000, what is B’s share of the assets?

a. Rs. 40,000

b. Rs. 50,000

c. Rs. 60,000

d. Rs. 80,000
Answer: b. Rs. 50,000

  1. A and B are partners in a business. A invested Rs. 20,000, and B invested Rs. 30,000. If they earned a profit of Rs. 15,000, what is the profit-sharing ratio?

a. 1:2

b. 2:3

c. 3:4

d. 4:5
Answer: b. 2:3

  1. A, B, and C formed a partnership. A invested Rs. 40,000, B invested Rs. 60,000, and C invested Rs. 80,000. If the total profit is Rs. 48,000, what is A’s share of the profit?

a. Rs. 12,000

b. Rs. 16,000

c. Rs. 18,000

d. Rs. 24,000
Answer: c. Rs. 18,000

  1. A and B started a business with investments of Rs. 30,000 and Rs. 45,000, respectively. If the total profit is Rs. 27,000, what is the ratio of A’s investment to B’s investment?

a. 2:3

b. 3:4

c. 4:5

d. 5:6
Answer: a. 2:3

Tips to Solve Partnership Questions 

Following are some tips to solve partnership questions-

  • Familiarize yourself with terms like profit-sharing ratio, loss-sharing ratio, and capital contribution.
  • Practice calculating ratios based on investments or profit-sharing agreements.
  • Learn how to use the weighted average method to determine individual contributions to the overall profit or loss.

Also Read: Questions of Syllogism Reasoning | Verbal Reasoning

FAQs

How can I determine the liability of partners in a limited partnership?

In a limited partnership, the liability of each partner is typically limited to their capital contribution.

What is the profit-sharing ratio based on?

Profit-sharing ratios can be based on investments, time, or mutually agreed-upon terms among the partners.

How does the weighted average method work in partnership questions?

The weighted average method considers both the amount invested and the duration of investment to calculate an individual’s share of profit or loss.

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