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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:

S, T and U started a business by investing Rs 4200, Rs 6300 and Rs 8400 respectively. S left the business after 3 months, T left 6 months after the business had started and U remained in the business till one year. At the end of one year the total profit is Rs 6000. What is the U’s share (in Rs) in the profit?

A) 4200 B) 3200
C) 4000 D) 3600
 
Answer & Explanation Answer: C) 4000

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1 1902
Q:

A, B and C invest in a business in the ratio 3 : 6 : 5. A and C are working partners. Only B is a sleeping partner hence his share will be 3/4th of what it would have been if he were a working partner. If they make Rs 50,000 profit, half of which is reinvested in the business and the other half is distributed between the partners, then how much does C get (in Rs)?

A) 20000 B) 6000
C) 10000 D) 9000
 
Answer & Explanation Answer: C) 10000

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2 1894
Q:

A starts a cement trading business by investing Rs 5 lakhs. After 2 months, B joins the business by investing Rs 10 lakhs and then 4 months after B joined C too joins them by investing Rs 20 lakhs. 1 year after A started the business they make Rs 3,50,000 in profit. What is B's share of the profit (in Rs)?

A) 75000 B) 1,25,000
C) 1,50,000 D) 1,00,000
 
Answer & Explanation Answer: B) 1,25,000

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1 1883
Q:

U and V started a business by investing amounts Rs 184000 and Rs 224000 respectively. If U’s share in the profit received at the end of year is Rs 20700, then what will be the total profit (in Rs) earned by them together?

A) 43200 B) 45900
C) 52300 D) 56400
 
Answer & Explanation Answer: B) 45900

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