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SSC CGL Partnership Business — practice questions — page 2

Explore 48 free Partnership Business questions in SSC CGL Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Partnership Business questions and exercises with answers

Showing questions 31–48 of 48.

A puts Rs 16000 and B Rs 24000. A first draws Rs 12000 as pay from Rs 30000 profit. B getsRead the answer and worked solution →Equal capital stays 12 months for A and 8 months for B. Of Rs 7500 profit, B getsRead the answer and worked solution →Partners invest 5:8 for equal time and lose Rs 6500. The larger investor bearsRead the answer and worked solution →A invests three times B, and B twice C, for equal time. Of Rs 18000 profit, B getsRead the answer and worked solution →A starts with Rs 8000. After 3 months B joins with Rs 12000. Of Rs 17000 annual profit, A getsRead the answer and worked solution →A and B hold capital 3:2. A manages and first takes 10% of Rs 20000 profit. A's total isRead the answer and worked solution →Which kind of partner is a part-owner entitled to a share of distributable profits?Read the answer and worked solution →A partner who shares profit and loss but does not manage the firm is calledRead the answer and worked solution →In a limited partnership, the liability of limited partners extends only toRead the answer and worked solution →Which Indian Act defines partnership in its section 4?Read the answer and worked solution →What is the minimum number of partners needed for a partnership firm in India?Read the answer and worked solution →Indian courts treat which feature as the real test of a partnership firm?Read the answer and worked solution →A major disadvantage of a partnership firm in India isRead the answer and worked solution →Under Indian law, a partnership firm isRead the answer and worked solution →The Partnership Act 1932 allows a partnership agreement to beRead the answer and worked solution →Reduce the profit ratio 40:60 to its simplest form.Read the answer and worked solution →Which ratio equals 3:2?Read the answer and worked solution →The ratio 4:5 written in the form 1:x isRead the answer and worked solution →

Worked practice questions

A puts Rs 16000 and B Rs 24000. A first draws Rs 12000 as pay from Rs 30000 profit. B gets

  1. Rs 9000
  2. Rs 18000
  3. Rs 12000
  4. Rs 10800
Show answer and solution

Correct answer: D. Rs 10800

The remaining 18000 splits 2:3, so B gets 3/5 of 18000, which is 10800.

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Equal capital stays 12 months for A and 8 months for B. Of Rs 7500 profit, B gets

  1. Rs 3000
  2. Rs 3500
  3. Rs 2500
  4. Rs 4500
Show answer and solution

Correct answer: A. Rs 3000

The time ratio 12:8 is 3:2, so B gets 2/5 of 7500, which is 3000.

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Partners invest 5:8 for equal time and lose Rs 6500. The larger investor bears

  1. Rs 3250
  2. Rs 5000
  3. Rs 2500
  4. Rs 4000
Show answer and solution

Correct answer: D. Rs 4000

The larger investor bears 8/13 of 6500, which is 4000.

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How to practise

  1. Choose a Partnership Business question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
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More Quantitative Aptitude topics

Profit and LossSquare RootsTime, Speed and DistanceTime and WorkRatio and ProportionTriangle CenterPercentageSimple & Compound Interest