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Tips & Tricks: Partnership | Tips & Tricks for Government Exams - Bank Exams PDF Download

Introduction

Persons Two or more than two persons when start and run the new business jointly of their own choice, the persons start they are called Partners and the deal is done between the partners is known as Partnership.
Tips & Tricks: Partnership | Tips & Tricks for Government Exams - Bank Exams

Theory

  • Partnership is an important chapter in Quantitative section of IBPS and other banking examination.
  • When two or more people joins hands with a common goal to attain profits. Every partner invests either time, money or his patents to help partnership firm to reap profits.

 Important Terms

  • The amount investment of all the partners are for the same time period, the gain or loss amount is distribute among the partners in the ratio of their investments amounts.
  • When investments are for different time periods, then equivalent capital are calculate a unit of time by taking (Capital x number of unit of time). 

Solved Examples

Question for Tips & Tricks: Partnership
Try yourself:Three friends A, B, C invested in a business in the ratio of 4:5:6. After 6 months C withdraw half of his capital. If the sum invested by A is 36000, then the profit earned by C out of the total profit of 60000.
View Solution

Question for Tips & Tricks: Partnership
Try yourself:Two persons A and B invested in a business with 115000 and 75000 rupees respectively. They agree that 40% of the profit should be divided equally among them and rest is divided between them according to their investment. If A got 500 rupee more than B, then the total profit is.
View Solution

Question for Tips & Tricks: Partnership
Try yourself:Three persons enter into a partnership by investing in the ratio of 4:5:8. After one year A invest more 4300 and B withdraws 3200. Now, the ratio of investment changes to 5:4:7. Approximately how much A invested initially.
View Solution

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