# Partnership

## 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:

#### 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,

## 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: