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 received an amount of Rs 8400 and distributed among themselves in the ratio of 6 : 8 : 7 respectively. If they save in the ratio of 3 : 2 : 4 respectively and B saves Rs 400, then what is the ratio of the expenditures of A, B and C respectively?

A) 6 : 8 : 7 B) 8 : 6 : 7
C) 9 : 14 : 10 D) 12 : 7 : 9
 
Answer & Explanation Answer: C) 9 : 14 : 10

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Q:

A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound interest at the rate of 20% per annum, 15% per annum and 10% per annum respectively, then what will be the ratio of their amounts after 1 year?

A) 3 : 15 : 25 B) 6 : 6 : 5
C) 36 : 46 : 55 D) 12 : 23 : 11
 
Answer & Explanation Answer: C) 36 : 46 : 55

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Q:

Three partners A, B and C share profit such that three times the share of A is equal to two times the share of B and equal to 12 times the share of C. What is the ratio of the profits of A, B and C respectively?

A) 3 : 2 : 12 B) 12 : 2 : 3
C) 4 : 6 : 1 D) 1 : 6 : 4
 
Answer & Explanation Answer: C) 4 : 6 : 1

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Q:

A man who recently died left a sum of Rs. 3,90,000 to be divided among his wife, five sons and four daughters. He directed that each son should receive 3 times as much as each daughter receives and that each daughter receives and that each daughter should receive twice as much as their mother receives. What was the wife’s share?

A) Rs. 14,000 B) Rs. 12,000
C) Rs. 10,000 D) Rs. 9,000
 
Answer & Explanation Answer: C) Rs. 10,000

Explanation:
Let his wife get a share of Rs x
Each of the 4 daughters get = Rs 2x
Each of the 5 sons get = Rs 6x
So x + 4*2x + 5*6x = 390000
So 39x = 390000
X=10000 = wife’s share
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Q:

A started a business with the capital of Rs 1800. After 4 months B joined with Rs 3600. 6 months after the business started C joined with Rs 1200.If the total profit earned at the end of the year is Rs 1760, then what is the share (in Rs) of A?

A) 540 B) 660
C) 840 D) 720
 
Answer & Explanation Answer: B) 660

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Q:

A sum of Rs 3170 is divided among X, Y and Z such that if Rs 13, Rs 12 and Rs 18 will be diminished from the shares of X, Y and Z respectively, then their shares will be in the ratio 20 : 18 : 21. What is the initial share (in Rs) of Z?

A) 1131 B) 1530
C) 910 D) 1350
 
Answer & Explanation Answer: A) 1131

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Q:

Rs 6300 is divided among A, B and C in the ratio of 1/2 : 1 : 3/5. What is the share (in Rs) of B?

A) 3300 B) 2700
C) 3000 D) 4200
 
Answer & Explanation Answer: C) 3000

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Q:

X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?

A) 16 : 15 B) 4 : 5
C) 8 : 9 D) 14 : 15
 
Answer & Explanation Answer: A) 16 : 15

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