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Math practice test MCQ: sara and ali earned a profit of \$500, 000 from a business and their ratio of investment was 5 : 8 respectively. profit of each should be with options \$200,000 and \$300,000, \$150,000 and \$350,000, \$450,000 and \$50,000 and \$192,308 and \$307,692 with online question bank from math projects and math notes to prepare for final exams. Free math revision notes to learn business partnership quiz with MCQs to find questions answers based online learning tests.

MCQ: Sara and Ali earned a profit of \$500, 000 from a business and their ratio of investment was 5 : 8 respectively. profit of each should be

1. \$200,000 and \$300,000
2. \$150,000 and \$350,000
3. \$450,000 and \$50,000
4. \$192,308 and \$307,692

D

MCQ: An association of 2 or more persons to carry on a business for purpose of earning profit is known as

1. partnership
2. legal entity
3. insurance
4. none of above

D

MCQ: If capital of partners are invested for same length of time, partnership is said to be

1. joint venture
2. simple partnership
3. Complex partnership
4. none of above

B

MCQ: John and Peter purchased Computer with an investment of \$16, 000 and \$20, 000 respectively. They earned a profit of \$5000. share of each should be

1. \$2,222 and \$2,778
2. \$2,000 and \$3,000
3. \$1,800 and \$3,200
4. \$2,500 and \$2,500

A

MCQ: If capital of partners are invested for different length of times, whether equal or unequal, partnership is said to be

1. joint venture
2. simple partnership
3. Complex partnership
4. none of above

C