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 is a working and B is sleeping partners in a business. A puts in Rs. 5000 and B puts in Rs.6000. A receives % of the profit for managing the business and the rest is divided in proportion to their capital. What does each get out of a profit of Rs. 880?

Answer

Total profit = Rs. 880


A's share for managing the business i.e 


\inline 12\frac{1}{2} %  =  \inline \frac{25\times 880}{200}=Rs.110


Remaining profit of A and B as per their capital = 880 - 110 = Rs. 770


Ratio of amounts = 5000 : 6000 = 5 : 6


Sum of ratios = 5 + 6 = 11


A's share = \inline 770\times \frac{5}{11}= Rs.350


A's total share = 350 + 110 = Rs. 460


B's share = \inline 770\times \frac{6}{11}=Rs.420

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16 8840
Q:

Two partners investede Rs. 1250 and Rs. 850 respectively in a business. They distributed 60% of the profit equally and decide to distribute the remaining 40% as the ratio of their capitals. If one partner received Rs. 30 more than the other, find the total profit?

Answer

Let the total profit be Rs.x


60% of the profit = \inline \frac{60}{100}\times x=Rs.\frac{3x}{5}


from  this part of the profit each gets = Rs.\inline \frac{3x}{10}


40% of the profit = \inline \frac{40}{100}\times x=Rs.\frac{2x}{5}


Now, this amount of Rs.\inline \frac{2x}{5} has been divided in the ratio of capitals 1250 : 850 = 25 :17


\inline \therefore Share on first capital = \inline (\frac{2x}{5}\times \frac{25}{42})=Rs.\frac{5x}{21}


Share on second capital = \inline (\frac{2x}{5}\times \frac{17}{42})=Rs.\frac{17x}{105}


Total money received by 1st investor = \inline [\frac{3x}{10}+\frac{5x}{21}]= Rs.\frac{113x}{210}


Total money received by 2nd investor = \inline [\frac{113x}{210}+\frac{97x}{210}]=Rs.\frac{97x}{210}


\inline \therefore x = 393.75


Hence total profit = Rs. 393.75

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49 8341
Q:

If 4 (A's capital) = 6 (B's capital) = 10 (C's capital), then out of a profit of Rs. 4650, C will receive ____

A) Rs.700 B) Rs.800
C) Rs.900 D) Rs.1000
 
Answer & Explanation Answer: C) Rs.900

Explanation:

Let 4A = 6B = 1OC = k. Then, A = k/4, B = k/6,  and C =k/10 .

 

A : B :C = k/4 : k/6 : k/10 = 15 : 10 : 6.

 

Hence, C's share (4650 *  6/31) = Rs, 900.

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7 7702
Q:

A, B, C rent a pasture. A puts 10 oxen for 7 months, B puts 12 oxen for 5 months and C puts 15 oxen for 3 months for grazing. If the rent of the pasture is Rs. 175, how much must C pay as his share of rent?

A) Rs. 45 B) Rs. 50
C) Rs. 55 D) Rs. 60
 
Answer & Explanation Answer: A) Rs. 45

Explanation:

A:B:C = (10×7):(12×5):(15×3)

         = 70 :60 :45

         = 14 :12 :9

 

C's rent = Rs.(175×9/35)

            =Rs. 45.

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7 7288
Q:

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?

A) 10110 B) 10500
C) 12000 D) 13000
 
Answer & Explanation Answer: B) 10500

Explanation:

Simran : Nanda = (50000 * 36) : (80000 * 30) = 3 : 4.

Simran's share = Rs. ( 24500 * 3/7)  =  Rs. 10500.

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7 7087