# 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) 12628 | B) 18245 |

C) 11235 | D) 10253 |

Explanation:

Ratio of their shares = (35000 * 8) : (42000 * 10) = 2 : 3.

Reena's share Rs. 31570 * (2 / 5) = Rs. 12628.

A) 144 | B) 169 |

C) 225 | D) 339 |

Explanation:

Ratio of initial investments = 1/2 : 1/3 : 1/4 = 6 : 4 : 3.

Let their initial investments be 6x, 2x and 3x respectively.

A : B : C = (6x * 2 + 3x * 10) : (4x * 12) : (3x * 12) = 42 : 48 : 36 = 7 : 8 : 6.

B's share = Rs. (378*8/21) = Rs. 144.

A) 14700 | B) 15000 |

C) 12000 | D) 13500 |

Explanation:

Let C = x. Then, B = x + 5000 and A = x + 5000 + 4000 = x + 9000.

So, x + x + 5000 + x + 9000 = 50000 <=> 3x = 36000 <=>

x = 12000.

A : B : C = 21000 : 17000 : 12000 = 21 : 17 : 12.

A's share = Rs. (35000 * 21/50 ) = Rs. 14,700.

A) 8400 | B) 8200 |

C) 8100 | D) 8000 |

Explanation:

Ratio of their shares = 22500 : 35000 = 9 : 14.

Deepak's share = Rs. (13800 * 14/23) = Rs. 8400.

A) 11 : 13 : 15 | B) 11 : 13 : 17 |

C) 12 : 17 : 18 | D) 12 : 15 :16 |

Explanation:

Aman : Rakhi : Sagar = (70000 x 36) : (105000 x 30) : (140000 x 24) = 12 : 15 : 16.

A) Rs. 7500 | B) Rs. 8000 |

C) Rs. 8500 | D) Rs. 9000 |

Explanation:

Let B's capital be Rs. *x*.

Then,$\left[\frac{3500\times 12}{7x}=\frac{2}{3}\right]$

=> 14*x* = 126000

*=> x* = 9000.

A) Rs. 39000 | B) Rs. 49000 |

C) Rs. 59000 | D) Rs. 69000 |

Explanation:

Interest received by A from B = 10% of half of Rs.50000 = 10% of Rs. 25000 = Rs.2500.

Amount received by A per annum for being a working partner = 1500 x 12 = Rs.18000

Let 'P' be the part of the remaining profit that A receives as his share.

So,total income of A = (Rs.2500 + Rs.18000 + Rs. P )

Total income of B = only his share from the remaining profit = 'P', as A and B share the remaining profit equally.

We know that income of A = Twice the income of B

So, (2500 + 18000 + P ) = 2(P)

P = 20500

Thus, the total profit = 2P + Rs.18000

= 2(20500) + 18000 = Rs.59000.