# 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. 1170 | B) Rs. 450 |

C) Rs. 540 | D) Rs. 500 |

A) Rs.49 | B) Rs.147 |

C) Rs.294 | D) Rs.245 |

A) 20000 | B) 6000 |

C) 10000 | D) 9000 |

A) 227000 | B) 250000 |

C) 375000 | D) 325000 |

A) Rs. 2,32,680 | B) Rs. 2,03,175 |

C) Rs. 2,20,780 | D) Rs. 1,85,780 |

A) Rs.600 | B) Rs.1200 |

C) Rs.1800 | D) Rs.1950 |