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Guide Mat Practice Partnership

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Published in: CAT Exam | Management Subjects | MBA
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The practice set contains 30 numbers of multiple choice questions and time allotted is 30 minutes. The solution to the problems is given at the end.

Debarati M / Kolkata

13 years of teaching experience

Qualification: M.Sc (Calcutta University - 1999), ICWA ( - 2003), M.Com (Calcutta University - 1997), MBA/PGDM (MAKAUT - 2012), Ph.D (MUMBAI IIT - 0)

Teaches: Accountancy, Business Mathematics, Commerce Subjects, Economics, B.Com Tuition, Bachelor of Tourism Administration, BBA Tuition, BTTM, Hotel Management, Bank Clerical, Bank PO, Bachelor of Hospital Administration (BHA), BBA Subjects, Management Subjects, MBA Entrance, CAT Exam, CMAT, Hotel Management Entrance, IBSAT, MAT, NMAT

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  1. GUIDE CATIMATICMAT PREPARATION GUIDE PARTNERSHIP 1. A and B entered into business, investing Rs.16000 and Rs.12000 respectively. After 3 month, A withdraw Rs.5000 while B invested Rs.5000 more. After 3 more month c joins in the business with a capital of Rs.21000.The share of B exceeds that of C, out of total profit of Rs.26400 after one year by a) Rs. 1200 b) Rs.2400 c) Rs.3600 d) Rs.4800 2. Mr. A started a business investing Rs.9000.Five month later Mr. B joined him by investing Rs.8000.lf they make profit 6970 at the end of year Mr. B share of profit is: a) Rs.3690 b) Rs.1883.78 c) Rs.2380 d) Rs.3864 3. Mr. A, Mr. B and Mr. C rented a video cassette for one week at the rent of Rs.350.lf they use it for 6 hours, 10 hours and 12 hours respectively, then rent paid by Mr. C is.. a) Rs.75 b) Rs.125 c) Rs.135 d) Rs.150 4. Dilip, Ram and Amar started a shop by investing Rs.27000, Rs. 81000 and Rs.72000 respectively. At the end of the year the profit was distributed. If Ram's share of profit be Rs.36000, the total profit was : a) Rs.108000 b) Rs.116000 c) Rs80000 d) none of these 5. Rs.700 is divided among A, B and C so that A receives half as much as B and B as much as C. Then the C share is: a) Rs.280 b) Rs.300 c) Rs.400 d) Rs.600 6. A and B entered into partnership investing Rs.12000 and Rs.16000 respectively. After 8 month, C joins them with a capital of Rs.15000.The share of C's profit of Rs.45600 after 2 years will be: a) Rs.21200 b) Rs.19200 c) Rs.14400 d) Rs.12000 7. A, B and C invest Rs.2000, Rs.3000 and Rs.4000 in a business. After one year, A removes his money but B and C continued for one more year. If the net profit after 2 years be Rs.3200, then A's share in the profit is: a) Rs.1000 b) Rs.600 c) Rs.800 d) Rs.400 8. A and B enter into partnership. A invest Rs.16000 for 8 month and B remain in the business for 4 months. Out of total profit, B claims /7 of the profit. B contributed: a) Rs.11900 b) Rs.10500 c) Rs.12000 d) Rs.12800 9. A and B enter into partnership. A invest some money at the beginning; B invest double the amount after 6 month and C invest thrice the amount after 8 months. If the annual profit be Rs.18000, C's share is: a) Rs.7500 b) Rs.7200 c) Rs.6000 d) Rs.5750 10. A, B, C subscribe Rs.47000 for a business. A subscribe Rs.7000 more then B and B Rs.5000 more then C. out of total profit of Rs.9400 B receives: a) Rs.4400 b) Rs.3000 c) Rs.2000 d) Rs.1737.90 11. Two partners invest Rs. and Rs.85,000 respectively in a business and agree that 60% of the profit should be divided equally between them and the remaining profit is to be treated as interest on capital. If one partner gets Rs.300 more than other, find the total profit made in the business? a) 3937.50 b) 3397.50 c) 7393.50 d) 9373.50 12. A, B and C enter into a partnership and their capitals are in the proportion of 1/3 :1/4 :1/5 A withdraws half his capital at the end of 4 months. Out of total annual profit of Rs.847, A's share is: a) Rs.252 b) Rs.280 c) Rs.315 d) Rs.412 13. A and B start a business with initial investment in the ratio 12:11 and there annul profits were in the ratio 4:1.lf A invested the money for 11 months, B invested the money for: a) 3 months b) 3 h months c) 4 months d) 6 months 14. A and B started a join firm. A's investment was thrice the investment of B and the period of investment was two times the period of investment of B. If B got Rs.4000 as profit, then their total profit is: a) Rs.24000 b) Rs.16000 c) Rs.28000 d) Rs.20000 15. A,B,C enter into a partnership with Share in the ratio 7/2 :4/3 :6/5 .After 4 month, A increases his share by 50%.lf the total profit at the end of one year be Rs.21600,then B's share in the profit is : a) Rs.2100 b) Rs.2400 c) Rs.3600 d) Rs.4000 16. A.B and C contract a work for Rs.550.Together A and B are to do 7/110f the work. The share of C should be: a) Rs.183 1/3 b) Rs.200 c) Rs.300 d) Rs.400 17. A and B invest in a business in the ratio 3:2.lf 10% of the total profit goes to charity and A's share is Rs.810, total profit is:
  2. a) Rs.1576 b) Rs.1537.50 c) Rs.1500 d) Rs.1425 18. In a partnership. A invests (1/6) of the capital for (1/6) of the time, B invest (1/3) of the capital for (1/3) of the time and C, the rest of the capital for the whole time. Out of total profit of Rs.4600, B's share: a) Rs.800 b) Rs.1000 c) Rs.650 d) Rs.960 19. Four milkmen rented a pasture. A grazed 18 cows for 4 months; B 25 cows for 2 months, C 28 cows for 5 months and D 21 cows for 3 months. If A's share of rent is Rs.360, the total rent of the field is : a) Rs.1500 b) Rs.1600 c) Rs.1625 d) Rs.1650 20. A is a working partner and B a sleeping partner in a business. A puts in Rs.12000 and B Rs.20000.A receives 10% of the profits for managing work, the rest being divided in proportion to their capitals. Out of a total profit of Rs.9600, the money received by A is : a) Rs.3240 b) Rs.4200 c) Rs.3600 d) Rs.4500 21. If 6 (A's capital) = 8 (B's capital) = 10 (C's capital), then the ratio of their capitals is : b) 12 : 15 : 20 c) 20 : 15 : 12 22. A's capital is equal to twice B's capital and B's capital is three times C's capital. The ratio of the capitals is : 23. Manoj got Rs.6000 as his share out of a total profit of Rs.9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs.20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh? a) Rs.30000 b) Rs.40000 c) Rs.10000 d) Rs.5000 24. A, B and C are partners. A receives 5/9 of the profit and B and C share the profit equally. A's income is increased by 22500 when the profit rises from 8% to 13%.Find the capital invested by B and C? a) 10000 b) 20000 c) 25000 d) 9500 25. Four milkmen rented a pasture. A grazed 24 cows for 3 months, B 10 cows for 5 months, C 35 cows for 4 months and D 21 cows for 3 months. If A share of rent Rs.720 find the total rent of the field. a) 3750 b) 3890 c) 3690 d) 3250 26. A invested Rs.600 more than B in a business. B invested for 7 h months and A invested for 2 months more than the time of which B invested. If the total profit of the business was Rs.620 and B got Rs.140 less than A, then find the capital invested by A and B in the business a) 3000, 2400 b) 4000, 3000 c) 4500, 3500 d) 2500, 3700 27. A, B and C enter into a partnership. A contributes 1/3 of the total capital while B contributes as much as A and C together. If the profit for the year is Rs. 72,000, how much will C receives? a) 15000 15) d 22) c 16) b 23) d b) 12000 10) b 17) c 24) a c) 14000 ANSWERS 11) a 18) a 25) d 12) b 19) c 26) a d) 16000 13) a 20) b 27) b 14) c 21) c FILE NO : 58

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