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:

Rs 6300 is divided among A, B and C in the ratio of 1/2 : 1 : 3/5. What is the share (in Rs) of B?

A) 3300 B) 2700
C) 3000 D) 4200
 
Answer & Explanation Answer: C) 3000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams , CAT

3 1865
Q:

X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?

A) 16 : 15 B) 4 : 5
C) 8 : 9 D) 14 : 15
 
Answer & Explanation Answer: A) 16 : 15

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

1 1769
Q:

Umar and Avinash started a partnership with investments of Rs. 10000 and Rs. 15000, respectively. But due to a financial emergency the latter had to withdraw his investment after 8 months. In what ratio should the profit of the first twelve months be shared among the duo?

A) 3:2 B) 2:3
C) 1:2 D) 1:1
 
Answer & Explanation Answer: D) 1:1

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

3 1766
Q:

P starts a business with Rs 14000. After 8 months Q joins P with Rs 8000. After 3 years, what will be the ratio of the profit of P and Q?

A) 12 : 5 B) 9 : 4
C) 14 : 9 D) 15 : 8
 
Answer & Explanation Answer: B) 9 : 4

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

5 1679
Q:

P and Q invested some money in a business in the ratio of 4 : 7 respectively. After 6 months P withdraws his capital. If they receive profits in the ratio of 4 :21, then for how many months did Q invest in the business?

A) 12 B) 15
C) 18 D) 21
 
Answer & Explanation Answer: C) 18

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams , CAT

2 1641
Q:

A and B started a partnership business investing some amount in the ratio of 5 : 6. C joined then after 6 months with an amount equal to 2/3rd of B. What was their profit (in Rs) at the end of the year if C got Rs 21,600 as his share?

A) 46800 B) 56160
C) 70200 D) 1,40,400
 
Answer & Explanation Answer: D) 1,40,400

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

2 1630
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

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

0 1629
Q:

P and Q started a business by investing Rs 50000 and Rs 40000 respectively. After 4 months, P withdraws Rs 20000 while Q invest Rs 70000 more after 6 months of starting the business. At the end of the year P’s share in the profit is Rs 11000. What will be the total profit (in Rs) at the end of year?

 

A) 33500 B) 27600
C) 42800 D) 38800
 
Answer & Explanation Answer: A) 33500

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Partnership
Exam Prep: Bank Exams

1 1608