## Partnership:

When two or more than two persons run a business jointly with a common goal to attain profits, they are called

**partners**and the deal is known as**partnership**.#### 1) When Time Period is same but amount of investment of each partner is different

Suppose two persons 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

#### Example:

#### 2) When both time period & amount of investment of each partner are different

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

#### Example:

## Questions Asked from this Chapter:

### Question Type 1: Based on Simple Partnership

**Example:**

Rs 864 is divided among A, B and C such that 8 times A's share is equal to 12 times B's share and also equal to 6 times C's share. How much did B get?

a) Rs 399

b) Rs 192

c) Rs 288

d) Rs 72

**Solution:**

### Question Type 2: Based on Compound Partnership

**Example:**

A, B and C started a business by investing Rs 40500, Rs 45000 and Rs 60000 respectively. After 6 months C withdrew Rs 15000 while A invested Rs 4500 more. In annual profit of Rs 56100, the share of C will exceed that of A by:

a) Rs 900

b) Rs 1100

c) Rs 3000

d) Rs 3900

**Solution:**

### Question Type 3: Based on Ratio

**Example:**

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

a) Rs 8000

b) Rs 8500

c) Rs 9000

d) Rs 7500

**Solution:**

### Question Type 4: Based on Percent

**Example:**

A Number is divided into two parts such a way that 80% of 1st part is 3 more than 60% of 2nd part and 80% of the second part is 6 more than 90% of the first part. Then the number is:

a) 125

b) 130

c) 135

d) 145

**Solution:**