# Partnership Questions

**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.

A) Rs. 5422 | B) Rs. 5489 |

C) Rs. 4511 | D) Rs. 6145 |

Explanation:

Now as per question, Karan invested for 12 months and Satish invested for 7 months.

So, Karan:Satish = (29000 x 12):(18000 x 7)

= 348:126

= 58:21

Satish Ratio in profit will be= $16970\times \frac{21}{79}$ = Rs. 4511

A) 11/3 | B) 2/13 |

C) 3/11 | D) 13/4 |

Explanation:

Let Veena paid x,

so Akshitha paid 2x/3 , and Lasya paid 2x,

So total bill paid is given by

x+(2x/3) +2x = 1, we get

i.e. x = 3/11

A) 3500 | B) 3600 |

C) 3700 | D) 3800 |

Explanation:

A : B : C = (16000 * 3 + 11000 * 9) : (12000 * 3 + 17000 * 9) : (21000 * 6)

= 147 : 189 : 126

= 7 : 9 ; 6.

Difference of B and C's shares = Rs. ( 26400 * 9/22 - 26400 * 6/22 ) = Rs. 3600.

A) 4530 | B) 4440 |

C) 4360 | D) 4280 |

Explanation:

Ratio of shares of A,B,C = (24 x 4) : (10 x 6) : (56 x 5)

= 96 : 60 : 280.

Let total rent be Rs. x. Then, A's share = $Rs.\frac{96x}{436}$

$\therefore \frac{96x}{436}=960\iff x=\frac{960\times 436}{96}=4360$

Hence total rent of the field is Rs. 4360.

A) 7 months | B) 8 months |

C) 3 months | D) 4 months |

Explanation:

we can assume that Amar join into business after x months. So Amar money was invest into (12 – x ) months.

$\frac{76000\times 12}{57000\times (12-x)}=\frac{2}{1}$

--> 912000 = 114000 ( 12 – x ) = 114 ( 12 – x ) = 912

--> x = 4

After 4 months amar join the business.

A) Rs 200 | B) Rs 300 |

C) Rs 400 | D) Rs 500 |

Explanation:

Let C = x.

Then B = x/2

and A = x/4

A:B:C = 1:2:4.

C's share Rs.[(4/7)*700) = 400

A) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 840 | B) Ram - Rs. 900, Raj - Rs. 800, Rakesh - Rs. 840 |

C) Ram - Rs. 840, Raj - Rs. 920, Rakesh - Rs. 840 | D) Ram - Rs. 800, Raj - Rs. 900, Rakesh - Rs. 940 |

Explanation:

Initial investment of Ram = Rs.2500.

After 2 months he withdraw Rs.1250 from his capital.

Therefore, we have, Ram invested Rs.2500 for 2 months and Rs.(2500-1250=) 1250 for 4 months.

Raj invested Rs. 2250 for 3 months and Rs.(2250-750=) 1500 for 3 months.

And, Rakesh invested Rs.3500 for 3 months;

Their investing ratio:

Ram:Raj:Rakesh = (2500x2 + 1250x4):(2250x3 + 1500x3):(3500x3)

= (10,000):(11,250):(10,500) = 1000:1125:1050 = 40:45:42

Total profit for 6 months = Rs.2540

Therefore, Ram's share = Rs.(2540 x 40/(40+45+42)) = Rs.(2540 x 40/127) = Rs.800

Raj's share = Rs.(2540 x 45/127) = Rs.900

Rakesh's share = Rs.(2540 x 42/127) = Rs.840