Aptitude
Tips and Tricks on Partnership
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Partnership: It refers to a business association between two or more than two persons who run a business together and share the total profit at an agreed proportion.
The persons who enter into a partnership are called partners.
Working partner: A partner who is actively involved in the business and manages the business is known as an active partner.
Question 1. A, B and C started a business by investing Rs. 120000, Rs. 135000 and Rs. 150000 respectively. Find the share of each, out of an annual profit of Rs. 56700.
Options
A. Rs. 20000
B. Rs. 22000
C. Rs. 21000
D. Rs. 18000
Solution :
Ratio of shares of A, B and C = Ratio of their investments
= 120000 : 135000 : 150000 = 8 : 9 : 10.
∴ A’s share = Rs. $(56700 \times \frac{8}{27})$ = Rs.16800;
B's share = Rs. $(56700 \times \frac{9}{27})$ = Rs. 18900;
C's share = Rs. $(56700 \times \frac{10}{27})$ = Rs. 21000
Correct option: C
Question 1. Alfred started a business investing Rs. 45000. After 3 months, Peter joined him with a capital of Rs. 60000.After another 6 months, Ronald joined them with a capital of Rs. 90000. At the end of the year, they made a profit of Rs. 16500. Find the share of each.
Options
A. Rs. 3300
B. Rs. 3000
C. Rs. 3200
D. Rs. 3350
Solution :
Clearly, Alfred invested his capital for 12 months, Peter for 9 months and Ronald for 3 months.
So, ratio of their capitals = (45000 × 12) : (60000 × 9) : (90000 × 3)
= 540000 : 540000 : 270000 = 2 : 2 : 1.
∴ Alfred’s share =
Rs. $(16500 \times \frac{2}{5}) = Rs. 6600$;
Perter's share = Rs. $(16500 \times \frac{2}{5}) = 6600$;
Ronald's share = $(16500 \times \frac{1}{5}) = Rs. 3300$
Correct option: A