# 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.

Q:

Rs. 700 is divided among A, B, C so that A receives half as much as B and B half as much as C. Then C's share is

 A) Rs 200 B) Rs 300 C) Rs 400 D) Rs 500

Answer & Explanation Answer: C) Rs 400

Explanation:

Let C = x.
Then B = x/2
and A = x/4

A:B:C = 1:2:4.
C's share Rs.[(4/7)*700) = 400

13 11216
Q:

Divide Rs.118000 among three persons A, B and C such that the ratio of the shares of A and B is 3:4 and that of B:C is 5:6 ?

 A) A = 48000 B = 40000 C = 30000 B) A = 30000 B = 40000 C = 48000 C) A = 30000 B = 48000 C = 40000 D) A = 40000 B = 48000 C = 30000

Answer & Explanation Answer: B) A = 30000 B = 40000 C = 48000

Explanation:

Compound ratio of A:B:C
A:B = 3:4
B:C = 5:6
----------
A:B:C = 15:20:24

We can divide Rs.118000 in this ratio.

Share of A = 15/59 x 118000 = 30000

Share of B = 20/59 x 118000 = 40000

Share of C = 24/59 x 118000 = 48000

4 10423
Q:

Arun and Varun started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, Akhil joined them with Rs. 20,000. What will be Varun's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business ?

 A) Rs. 7500 B) Rs. 4520 C) Rs. 8750 D) Rs. 6350

Answer & Explanation Answer: A) Rs. 7500

Explanation:

Arun : Varun : Akhil = (20000 x 24) : (15000 x 24) : (20000 x 18) = 4:3:3

B's share = 25000 x 3/10 = Rs. 7500.

5 9816
Q:

R enter into a partnership in the ratio 2 : 3 : 5 . After 2 months, P increases his share 20% and Q by 10%. If the total profit at the end of one year is Rs 1,90,500, what amount will 'R' receive at the end of year as share in profit ?

 A) Rs. 90500 B) Rs. 87500 C) Rs. 88900 D) Rs. 90000

Answer & Explanation Answer: D) Rs. 90000

Explanation:

Ratio of investments for 1 year

=> (P : Q : R) = (2x2 + 2.4x10) : (3x2 + 3.3x10) : (5x12)

=> (P : Q : R) = 28 : 39 : 60

Now R share = 190500 x 60/127 = Rs. 90000.

10 9276
Q:

A certain amount is divided among P, Q and R in the ratio of 3 : 7 : 6 respectively. If the difference between share of P and Q is Rs. 2700, what is R's share?

 A) Rs. 4050 B) Rs. 2121 C) Rs. 5040 D) Rs. 3550

Answer & Explanation Answer: A) Rs. 4050

Explanation:

Let the ratio amount be 'p'

7p - 3p = 2700

4p = 2700

p = 675

R's Share = 675 × 6 = Rs. 4050

14 8716
Q:

k, l, m together started a business. k invested Rs.6000 for 5 months l invested Rs.3600 for 6 months and m Rs.7500 for 3 months. If they get a total profit of Rs.7410. Find the share of l ?

 A) Rs. 1640 B) Rs. 2500 C) Rs. 2160 D) Rs. 3000

Answer & Explanation Answer: C) Rs. 2160

Explanation:

=> 60x5 : 36x6 : 75x3

=> 100 : 72 : 75

=> 72/247 x 7410 = Rs. 2160

5 8575
Q:

Arun, Bharat and Chari started a business in a partnership with investment of Rs 12000, Rs 26000 and Rs 32000 respectively. After 4 months Arun leaves. After 6 months Bharat leaves and Arun joins with an amount equal to his earlier investment. After 10 months, Chari leaves and Bharat joins with his prior investment. At the end of the year they earn a profit of Rs 53622. Find the share of chari in the annual profit?

 A) 16547 B) 17212 C) 14875 D) 27848