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,B and C together start a business. Three times the investment of A equals four times the Investment of B and the Capital of B is twice that of C. The ratio of share of each in the profit.

A) 8:3:6 B) 3:8:6
C) 3:6:8 D) 8:6:3
 
Answer & Explanation Answer: D) 8:6:3

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

1 2046
Q:

A, B and C invest in a business in the ratio 4 : 5 : 7. C is a sleeping partner, so his share of profits will be half of what it would have been if he were a working partner. If they make Rs 36,000 profit of which 25% is reinvested in the business, how much does B get (in Rs)?

A) 7560 B) 10800
C) 8640 D) 9200
 
Answer & Explanation Answer: B) 10800

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

3 2037
Q:

A and B start an enterprise together, with A as active partner. A invests Rs 4000 and Rs 2000 more after 8 months. B invests Rs 5000 and withdraws Rs 2000 after 9 months. Being the active partner, A takes Rs 100 per month as allowance, from the profit. What is the share of B if the profit for the year is Rs 6700?

A) Rs 3350 B) Rs 3250
C) Rs 2700 D) Rs 2800
 
Answer & Explanation Answer: C) Rs 2700

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

0 2024
Q:

Profit of Rs 135200 has to be divided among three partners Aashay, Bhairav and Chetan in the ratio 4:3:6. How much Rs. does Chetan get?

A) 31200 B) 41600
C) 62400 D) 93600
 
Answer & Explanation Answer: C) 62400

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

3 2021
Q:

Rs. 490 is divided among A, B and C such that A's share is half that of B's and thrice that of C's. What is C's share?

A) Rs.49 B) Rs.147
C) Rs.294 D) Rs.245
 
Answer & Explanation Answer: A) Rs.49

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

1 1974
Q:

A, B and C enter into a partnership, investing Rs. 6000. A invests Rs. 1000 and B and C invests in the ratio of 2:3. Find the profit of C, when the annual profit is Rs. 2400

A) Rs.600 B) Rs.1200
C) Rs.1800 D) Rs.1950
 
Answer & Explanation Answer: B) Rs.1200

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

2 1966
Q:

Profit of Rs 1,03,500 has to be divided between three partners A, B and C in the ratio 11:7:5. How much amount (in Rs) does B get?

A) 22,500 B) 49,500
C) 50,500 D) 31,500
 
Answer & Explanation Answer: D) 31,500

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

0 1953
Q:

X and Y started a business investing Rs 12000 and Rs 9000 respectively. After 4 months, X left the business and Z joined the business by investing Rs. 18000. At the end of the year, there was a profit of Rs 12500. What is the share (in Rs) of Z in the profit?

 

A) 6000 B) 4500
C) 7200 D) 7500
 
Answer & Explanation Answer: A) 6000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

3 1909