Partnerships in Business

IMPORTANT

Partnerships in Business: Overview

This topic covers concepts, such as Partnerships in Time and Work, Working Partners, Partnerships in Business, Types of Partnerships, Definition of Partnership, Simple Partnerships, Compound Partnerships & Sleeping Partners etc.

Important Questions on Partnerships in Business

EASY
IMPORTANT

A sum of money is to be distributed among A, B, C, D in the proportion of 5 :2 : 4 : 3. What is B's share, if C gets 1000 more than D ?

EASY
IMPORTANT

A, B and C invested ₹ 500 , ₹  630 And ₹  700. If A gets ₹  75 As profit, what will C get ?

EASY
IMPORTANT

A and B enter into partnership. A supplies whole of the capital amounting to Rs. 45,000 with the condition that the profits are to be equally divided and that B pays A interest on half of the capital at 10% per annum but receives Rs. 120 per month for carrying on the concern. Find total yearly profit, when B's income is one half of A's income.

MEDIUM
IMPORTANT

Profit earned by an organisation is distributed among officers and clerks in the ratio of 5:3 respectively. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000/-, what was the total amount of profit earned?

EASY
IMPORTANT

When a partnership is not registered, a partnership firm is _____.

MEDIUM
IMPORTANT

Two friends P and Q started a business investing amount in the ratio of  5 : 6. R joined them after 6 months investing an amount equal to that of Q's amount. At the end of year 20% profit was earned which was equal to 98000. What was the amount invested by R?

HARD
IMPORTANT

X,Y,Z started a partnership business by investing Rs. 5,000 each. After 6 months 'Y' withdrew from the business and 'Z' added Rs. 5,000 to his investment. At the end of the year the total profit earned is Rs. 18,000. Find the share of 'Z' in the profit.

HARD
IMPORTANT

A starts business with a capital of ₹ 1,400. Five months later B joins and further two months later C joins them. What amount of capital is put in by B and C, if at the end of the year their shares of profit are as 4:3:2 ?

EASY
IMPORTANT

In the absence of agreement between the partners, on the death of a partner, his legal representatives are entitled to _____.

EASY
IMPORTANT

Three partners A, B and C shared the profit in a business in the ratio 5:7:8. They had partnered for 14 months, 8 months and 7 months respectively. Find the ratio of their investments.

MEDIUM
IMPORTANT

600 are divided among A, B and C so that40  more than 2th5 of A's share, 20 more than 2th7 of B's share and 10 more than 9th17 of C's share are all equal. A's share is______.

MEDIUM
IMPORTANT

A started a business investing 250000 in year 2008. In year 2009 he invested an additional amount of 100000 and B joined him with an amount of 350000. In year 2010, A invested another additional amount of 100000 and C joined them with an amount of 350000. What will be B's share in the profit of 1500000 earned at the end of three years from the start of the business in 2008?

EASY
IMPORTANT

On which of the following grounds, court may dissolve a firm at the suit of a partner?

EASY
IMPORTANT

“A', 'B' and 'C' enter into a partnership with a capital in which A' contribution is 10000. If out of a profit of 1000. 'A' gets 500 and 'B' gels 300,then the contribution of C to the capital is?

MEDIUM
IMPORTANT

Four Milkmen rented a pasture. A grazed  15 cows for 4 months, B grazed 12 cows for 2 months, C grazed 18 cows for 6 month and D grazed 16 cows for 5 months. If A's share of rent is 1,020. What is C's share of rent?

EASY
IMPORTANT

Sohan and Rohan started a business and invested Rs. 160000 and Rs. 240000 respectively. After 3 months Rohan left and after 6 months Kapil joined by investing Rs. 200000 . At the end of the year, they realized a profit of Rs. 120000 . What was Sohan's share ?

EASY
IMPORTANT

P and Q invest in a business in the ratio 5: 3. If 10% of the total profit goes to charity and P's share is 270 , the total profit is :

EASY
IMPORTANT

If 68000 is divided in the ratio of 12:14:516, find the difference of the smallest and largest part.

EASY
IMPORTANT

A,B and C started a business by investing Rs.250000,Rs.300000 and Rs.350000 respectively. Find the share of B, out of an annual profit of Rs.187200.

EASY
IMPORTANT

A and B invest Rs. 3000 and Rs. 4000, respectively. in a business. A receives Rs. 10 per month Out of the profit as a remuneration for running the business and the rest of the profit is divided in proportion to the investments. If in a year A totally receives Rs. 390, what does B receive?