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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:

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

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3 1415
Q:

Rithika had Rs 8000. She invested some of it in savings scheme P and the rest of the money in savings scheme Q. She invested for 3 years in savings scheme P and for 2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa while savings scheme Q compounded annually at the rate of 30% pa. The interest received from savings scheme P is 930 more than the interest received from savings scheme Q. If Rs 1500 is debited from the invested amount of savings scheme P then find the difference between the amount invested by Rithika in savings scheme P & savings scheme Q.

A) Rs 200 B) Rs 300
C) Rs 400 D) Rs 500
 
Answer & Explanation Answer: D) Rs 500

Explanation:
Amount invested in savings scheme P= Rs X

Amount invested in savings scheme Q= Rs (8000-X)

Compounding 30 % for 2 years , rate

30+30+ (30*30)/100= 69 %

60 % of X-69 % of (8000-X)=930

X= 5000

In savings savings scheme Q = 8000-5000=3000

5000 - 1500 = 3500

Difference =3500-3000=Rs 500

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0 1410
Q:

Mohit and Anshu invested some money in a business in the ratio 8 : 15 respectively. After 9 months Mohit withdraws his capital. If they receive profits in the ratio 4 : 5, then for how many months did Anshu invest in the business?

A) 4 B) 5
C) 8 D) 6
 
Answer & Explanation Answer: D) 6

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3 1394
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

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2 1355
Q:

Sunil and Gopal are partners in a business. Sunil invests Rs.20,000 for 9 months and Gopal invests Rs. 30,000 for 12 months. Find the share of Sunil from the total profit of Rs. 60,000.

A) Rs.15000 B) Rs.18000
C) Rs.25000 D) Rs.20000
 
Answer & Explanation Answer: D) Rs.20000

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2 1350
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 1321
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 1304
Q:

The central Government granted a certain sum towards flood relief to 3 states A, B and C in the ratio 2 : 3 : 4. If C gets Rs. 400 Crores more than A, what is the share of B?

A) Rs. 400 crore B) Rs. 200 crore
C) Rs. 600 crore D) Rs. 300 crore
 
Answer & Explanation Answer: C) Rs. 600 crore

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5 1303