Tricks to solve partnership related questions in Aptitude Section

  1. Partnership:When two or more than two persons run a business jointly, they are called partners and the deal is known as partnership.
  2. Ratio of Divisions of Gains:
    1. When investments of all the partners are for the same time, the gain or loss is distributed 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.
    2. 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.
  3. Working and Sleeping Partners:A partner who manages the the business is known as a working partner and the one who simply invests the money is a sleeping partner.
    1. A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A’s share is Rs. 855, the total profit is:
    A. Rs. 1425
    B. Rs. 1500
    C. Rs. 1537.50
    D. Rs. 1576

    Answer: Option B

    Explanation:

    Let the total profit be Rs. 100.

    After paying to charity, A’s share = Rs. 95 x 3 = Rs. 57.
    5

    If A’s share is Rs. 57, total profit = Rs. 100.

    If A’s share Rs. 855, total profit = 100 x 855 = 1500.
    57
    . A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.
    A. Rs. 1900
    B. Rs. 2660
    C. Rs. 2800
    D. Rs. 2840

    Answer: Option B

    Explanation:

    For managing, A received = 5% of Rs. 7400 = Rs. 370.

    Balance = Rs. (7400 – 370) = Rs. 7030.

    Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

    = 39000 : 42000 : 30000

    = 13 : 14 : 10

     B’s share = Rs. 7030 x 14 = Rs. 2660.
    37

     

    A began a business with Rs. 85,000. He was joined afterwards by B with Rs. 42,500. For how much period does B join, if the profits at the end of the year are divided in the ratio of 3 : 1?

    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 starts business with Rs. 3500 and after 5 months, B joins with A as his partner. After a year, the profit is divided in the ratio 2 : 3. What is B's contribution in the capital?

    A and B entered into partnership with capitals in the ratio 4 : 5. After 3 months, A withdrew of his capital and B withdrew of his capital. The gain at the end of 10 months was Rs. 760. A's share in this profit is:

    A and B started a partnership business investing some amount in the ratio of 3 : 5. C joined then after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C?

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