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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:

Three milkmen rented a pasture. A grazed 24 cows for 4 months; B 10 cows for 6 months; C 56 cows for 5 months. If A's share of rent is Rs. 960, find the total rent of the field?

A) 4530 B) 4440
C) 4360 D) 4280
 
Answer & Explanation Answer: C) 4360

Explanation:

Ratio of shares of A,B,C = (24 x 4) : (10 x 6) : (56 x 5)

                                    = 96 : 60 : 280.

 

Let total rent be Rs. x. Then, A's share = Rs.96x436

 ∴96x436=960 ⇔x=960×43696=4360

 

Hence total rent of the field is Rs. 4360.

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11 13274
Q:

Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit ?

A) 12,421 B) 9,423
C) 11,600 D) 10,500
 
Answer & Explanation Answer: D) 10,500

Explanation:

The ratio of their investments:
50000x36 : 80000x30 = 3 : 4
Simran's share of profit = (24500x3/7) = Rs.10,500.

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5 13198
Q:

The ratio of investments of two partners A and B is 7:5 and the ratio of their profits is 7:10. If A invested the money for 5 months, find for how much time did B invest the money ?

A) 11 months B) 9 months
C) 7 months D) 10 months
 
Answer & Explanation Answer: D) 10 months

Explanation:

7x5: 5xk = 7:10
k = 10 months

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7 13113
Q:

Madhu started a business and he invested in 76000, After some month, Amar came to join with him and invest 57000.The end of the year the total profit was divided among them into ratio form 2 : 1.Find after how many months Amar join.

A) 7 months B) 8 months
C) 3 months D) 4 months
 
Answer & Explanation Answer: D) 4 months

Explanation:

we can assume that Amar join into business after x months. So Amar money was invest into  (12 – x ) months.

 

76000×1257000×(12-x)=21

 

--> 912000 = 114000 ( 12 – x ) = 114 ( 12 – x ) = 912

--> x = 4


After 4 months amar join the business.

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7 13054
Q:

A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2490 ?

A) Rs. 820 B) Rs. 830
C) Rs. 840 D) Rs. 850
 
Answer & Explanation Answer: B) Rs. 830

Explanation:

Let the total amount in the partnership be 'x'.
Then A's share = x/3
B's share = x/4
C's share = x/5
D's share = x - (x/3 + x/4 +x/5) = 13x/60

A : B : C : D = x/3 : x/4 : x/5 : 13x/60 = 20 : 15 : 12 : 13

A's share in the profit of Rs. 2490 = 20 (2490/60) = Rs. 830.

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7 12024
Q:

A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?

A) 10000 and 15000 B) 15000 and 10000
C) 5000 and 20000 D) 20000 and 5000
 
Answer & Explanation Answer: A) 10000 and 15000

Explanation:

As both A and B invest the same amounts, the ratio of their profits at the end of the year is equal to the ratio of the time periods for which they have invested.

 

Thus, the required ratio of their profits = A : B = 8 : 12 = 2 : 3.

 

Hence, share of A in the total profit = 2 x 25000/5 = Rs.10000

 

Similarly, share of B in the total profit = 3 x 25000/5 = Rs.15000

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10 11963
Q:

Rajeev start a business with Rs. 10000, Deepu joins him after 2 month with 20% more investment than Rajeev, after 2 month Shakti joins him with 40% less than Deepu. If the profit earned by them at the end of the year is equal to the twice of the difference between investment of Rajeev and ten times the investment of Shakti. Find the profit of Rajeev ?

A) 50000 B) 48000
C) 38000 D) 40000
 
Answer & Explanation Answer: C) 38000

Explanation:

Here from the given information,

The ratio of investments of Rajeev, Deepu & Shakti is

R : D : S = (10000 × 12) : (12000 × 10) : (7200 × 8)

= 25 : 25 : 12

Now the Profit = 2 × (72000-10000) = 124000

Share of Rajeev = 124000 x 25/62 = 48000

Profit of Rajeev = 48000 - 10000 = 38000

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21 11435
Q:

A, B and C started a business where their initial capital was in the ratio of 2:3:4. At the end of 6 months, A invested an amount such that his total capital became equal to C's initial capital investment. If the annual profit of B is Rs. 3000 then what is the total profit  ? 

A) Rs. 8,640 B) Rs. 9,850
C) Rs. 10,000 D) Rs. 11,220
 
Answer & Explanation Answer: C) Rs. 10,000

Explanation:

Ratio of investments of A, B & C = 2×6+4×6 : 3×12 : 4×12

= 36 : 36 : 48

= 6 : 6 : 8

But given that the annual profit of B is Rs. 3000

=> 6 ratio = 3000

Then for the total annual profit of partners is

20 ratio = 3000 x 20/6 = 10,000.

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18 11280