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 Partnership Questions

Popular Latest Rated Important Formulae

FACTS  AND  FORMULAE  FOR  PARTNERSHIP  PROBLEMS

 

 

Partnership: When two or more than two persons run a business jointly, they are called partners and the deal is known as partnership.

 

Ratio of Division of Gains:

(i) When investments of all the partners are for the same time, the gain or loss is distributed a among the partners in the ratio of their investments. Suppose A and B invest Rs. x and Rs. y respectively for a year in a business, then at the end of the year (A’s share of profit) : (B's share of profit) = x : y.

 

(ii) When investments are for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital x number of units of time). Now, gain or loss is divided in the ratio of these capitals. Suppose A invests Rs. x for p months and B invests Rs. y for q months, then (A’s share of profit) : (B's share of profit) = xp : yq.

 

Working and Sleeping Partners: A partner who manages the business is known as a working partner and the one who simply invests the money is a sleeping partner.

Q:

A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?

A) 10000 and 15000 B) 15000 and 10000
C) 5000 and 20000 D) 20000 and 5000
 
Answer & Explanation Answer: A) 10000 and 15000

Explanation:

As both A and B invest the same amounts, the ratio of their profits at the end of the year is equal to the ratio of the time periods for which they have invested.

 

Thus, the required ratio of their profits = A : B = 8 : 12 = 2 : 3.

 

Hence, share of A in the total profit = 2 x 25000/5 = Rs.10000

 

Similarly, share of B in the total profit = 3 x 25000/5 = Rs.15000

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10 10272
Q:

Divide Rs.118000 among three persons A, B and C such that the ratio of the shares of A and B is 3:4 and that of B:C is 5:6 ?

A) A = 48000 B = 40000 C = 30000 B) A = 30000 B = 40000 C = 48000
C) A = 30000 B = 48000 C = 40000 D) A = 40000 B = 48000 C = 30000
 
Answer & Explanation Answer: B) A = 30000 B = 40000 C = 48000

Explanation:

Compound ratio of A:B:C
A:B = 3:4
B:C = 5:6
----------
A:B:C = 15:20:24

We can divide Rs.118000 in this ratio.

Share of A = 15/59 x 118000 = 30000

Share of B = 20/59 x 118000 = 40000

Share of C = 24/59 x 118000 = 48000

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4 9142
Q:

R enter into a partnership in the ratio 2 : 3 : 5 . After 2 months, P increases his share 20% and Q by 10%. If the total profit at the end of one year is Rs 1,90,500, what amount will 'R' receive at the end of year as share in profit ?

A) Rs. 90500 B) Rs. 87500
C) Rs. 88900 D) Rs. 90000
 
Answer & Explanation Answer: D) Rs. 90000

Explanation:

Ratio of investments for 1 year

=> (P : Q : R) = (2x2 + 2.4x10) : (3x2 + 3.3x10) : (5x12)

=> (P : Q : R) = 28 : 39 : 60

Now R share = 190500 x 60/127 = Rs. 90000.

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10 8510
Q:

Arun and Varun started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, Akhil joined them with Rs. 20,000. What will be Varun's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business ?

A) Rs. 7500 B) Rs. 4520
C) Rs. 8750 D) Rs. 6350
 
Answer & Explanation Answer: A) Rs. 7500

Explanation:

Arun : Varun : Akhil = (20000 x 24) : (15000 x 24) : (20000 x 18) = 4:3:3

B's share = 25000 x 3/10 = Rs. 7500.

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5 8357
Q:

A certain amount is divided among P, Q and R in the ratio of 3 : 7 : 6 respectively. If the difference between share of P and Q is Rs. 2700, what is R's share?

A) Rs. 4050 B) Rs. 2121
C) Rs. 5040 D) Rs. 3550
 
Answer & Explanation Answer: A) Rs. 4050

Explanation:

Let the ratio amount be 'p'

7p - 3p = 2700

4p = 2700

p = 675

R's Share = 675 × 6 = Rs. 4050

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14 8238
Q:

Arun, Kamal and Vinay invested Rs.8000, Rs.4000 and Rs. 8000 respectively in a business. Arun left after six months. If after eight months, there was a gain of Rs. 4005, then what will be the share of Kamal?

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Subject: Partnership

59 7929
Q:

Arun, Bharat and Chari started a business in a partnership with investment of Rs 12000, Rs 26000 and Rs 32000 respectively. After 4 months Arun leaves. After 6 months Bharat leaves and Arun joins with an amount equal to his earlier investment. After 10 months, Chari leaves and Bharat joins with his prior investment. At the end of the year they earn a profit of Rs 53622. Find the share of chari in the annual profit?

A) 16547 B) 17212
C) 14875 D) 27848
 
Answer & Explanation Answer: D) 27848

Explanation:
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10 7836
Q:

k, l, m together started a business. k invested Rs.6000 for 5 months l invested Rs.3600 for 6 months and m Rs.7500 for 3 months. If they get a total profit of Rs.7410. Find the share of l ?

A) Rs. 1640 B) Rs. 2500
C) Rs. 2160 D) Rs. 3000
 
Answer & Explanation Answer: C) Rs. 2160

Explanation:

=> 60x5 : 36x6 : 75x3

=> 100 : 72 : 75

=> 72/247 x 7410 = Rs. 2160

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5 7616