Partnerships in Business

IMPORTANT

Partnerships in Business: Overview

This topic covers concepts, such as Partnerships in Business, Partnerships in Time and Work, Definition of Partnership, Types of Partnerships, Simple Partnerships, Share of Profit for Simple Partnership, Compound Partnerships, etc.

Important Questions on Partnerships in Business

MEDIUM
IMPORTANT

Achal started a business investing 45000. After 4 months Kavi joined the business with 30000. If the profit was 13000 at the end of the year, what is the difference between the profit of Achal and Kavi?

MEDIUM
IMPORTANT

Three men A, B and C subscribe 4,700 for a business. A subscribes 700 more than B and B subscribe 300 more than C. How much will each receive out of the profit of 846?

MEDIUM
IMPORTANT

Ravi and Raj invested in the ratio of 4:3 in a business. If 16% of the total profit goes to charity and Ravi's share of profit is 816, what is the amount of total profit?

EASY
IMPORTANT

An amount of money is to be divided among x, y and z in the ratio of 4 : 9 : 16. If z get 4 times more than x. What is y's share in it?

MEDIUM
IMPORTANT

Rahul, Renu and Rajesh started the business with the investment of 9000, 12000 and 6000  respectively. After 9 months Rahul added 6000 and Renu added  _______ to his initial investment. At the end of the year, the profit share of Rajesh is 1600 and the difference between the profit share of Renu and Rahul is ._______.

a) 6000, 800

b) 4000, 500

c) 3000, 600

d) 12000, 1200

MEDIUM
IMPORTANT

A and B started a business with 45000 and 30000 respectively. After 4 months, A withdraw 10000 and after 6 months, B added 5000 and that C joins the business with 50000. At the end of the one year, what is the Cs share if the total amount of profit is 14835?

MEDIUM
IMPORTANT

Three persons Ranbir, Ranveer and Rana entered into the partnership and the ratio of the investment of Ranbir and Ranveer is 3 : 2. Investment of Ranveer is 34 of the investment of Rana. Ranveer gets seven-thirty of the total profit for managing the business and at the end of the year, the total profit received by Ranbir is _____ less than the profit received by Ranveer and the total profit of the business is _____.

a) 4000, 30000

b) 3200, 24000

c) 1000, 7500

d) 8400, 63000

HARD
IMPORTANT

Study the following information given below and answer the following questions-

Mr. Kunal Dwivedi wants to buy a motorbike which is priced at 45,500. The bike is also available at 25,000 down payment  and monthly installment of 1000 per month for 2 years or 18,000 down payment and monthly installment of 1000 per month for 3 years. Mr Kunal has with him only 12,000. He wants to borrow the balance money for the down payment from a private lender whose terms are:

If 6,000 is borrowed for 12 months, the rate of interest is 20%. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of 600 per month for 12 months to repay 6000 Principal+1200Interest @ 20%. If 10,000 upwards is borrowed for one year, the rate of interest is 30% and is calculated in exactly the same manner as above.

If Kunal can spare only a total of 2000 to be paid to the bike dealer and the money lender from his monthly earnings starting from the first month onwards which scheme should he choose (time taken to pay to the lender is equal to the time to pay installments)?

HARD
IMPORTANT

Study the following information given below and answer the following questions-

Mr. Kunal Dwivedi wants to buy a motorbike which is priced at 45,500. The bike is also available at 25,000 down payment  and monthly installment of 1000 per month for 2 years or 18,000 down payment and monthly installment of 1000 per month for 3 years. Mr Kunal has with him only 12,000. He wants to borrow the balance money for the down payment from a private lender whose terms are:

If 6,000 is borrowed for 12 months, the rate of interest is 20%. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of 600 per month for 12 months to repay 6000 Principal+1200Interest @ 20%. If 10,000 upwards is borrowed for one year, the rate of interest is 30% and is calculated in exactly the same manner as above.

What is the approximate percentage difference in the total amount paid to the bike dealer, between the two installment schemes (with respect to the total payment of the scheme with 25,000 down payment?) (Assume that Mr. Kunal will pay the installments out of his own earnings and he keeps his savings with himself and earns no interest on the same) Also assume for the down payment, he saves the balance before purchase.

HARD
IMPORTANT

Study the following information given below and answer the following questions-

Mr. Kunal Dwivedi wants to buy a motorbike which is priced at 45,500. The bike is also available at 25,000 down payment  and monthly installment of 1000 per month for 2 years or 18,000 down payment and monthly installment of 1000 per month for 3 years. Mr Kunal has with him only 12,000. He wants to borrow the balance money for the down payment from a private lender whose terms are:

If 6,000 is borrowed for 12 months, the rate of interest is 20%. The interest will be calculated on the whole amount for the whole year, even though the repayment has to be done in 12 equal monthly installments starting from the first month itself. Thus he will have to repay an amount of 600 per month for 12 months to repay 6000 Principal+1200Interest @ 20%. If 10,000 upwards is borrowed for one year, the rate of interest is 30% and is calculated in exactly the same manner as above.

If Mr. Kunal is ready to pay either of the down payments then which of the installments schemes is the better option of the two? (Assume that Mr. Kunal will pay the installments out of his own earnings and he keeps his savings with himself and earns no interest on the same). Also assume for the down payment, he saves the balance before purchase.

HARD
IMPORTANT

A, B and C are three persons who each invested some amount in three different schemes X, Y and Z. Data tells about the amount invested and the time of investment by them. Study the data carefully and answer the following question.

Amount invested by A in scheme 'X' is 50% of the amount invested by C in the same scheme. B invested 40,000 in scheme 'X' and time for which he invested in scheme 'X' is five months more than time for which he invested in the same scheme. Ratio of amount invested by A and C in scheme 'Z' is same ratio of amount invested by A and C in scheme 'X'. B invested 10,000 less in scheme 'Z' than that of amount invested by C in scheme 'Z'.

Time of investment of B and C is same in scheme 'Y'. Amount invested by B in scheme 'Y' is 4% less than amount invested by A in scheme 'Y'. C invested 50000 more than B in scheme 'Y'. A invested 40% less in scheme 'X' than that of amount invested by him in scheme 'Y'. Ratio of amount invested by C in scheme 'X' to scheme 'Y' is 15 : 22.

Out of total profit earned from scheme 'Y', C got 50%. Ratio of profit share of A and B is 3 : 4 in scheme 'Z', while time of investment of A and B in scheme 'Z' is 4 : 3. C invested for ten months in scheme 'Z'.

A got 25% of total profit both in scheme 'Z' as well as in 'X'. Time of investment of A in scheme 'X' is two months less than that of in scheme 'Z'. A invested for sixteen months in scheme 'Y'.

If B doubles his investment in scheme 'X', then find what percent of decrement is seen in C profit percentage?

HARD
IMPORTANT

A, B and C are three persons who each invested some amount in three different schemes X, Y and Z. Data tells about the amount invested and the time of investment by them. Study the data carefully and answer the following question.

Amount invested by A in scheme 'X' is 50% of the amount invested by C in the same scheme. B invested 40,000 in scheme 'X' and time for which he invested in scheme 'X' is five months more than time for which he invested in the same scheme. Ratio of amount invested by A and C in scheme 'Z' is same ratio of amount invested by A and C in scheme 'X'. B invested 10,000 less in scheme 'Z' than that of amount invested by C in scheme 'Z'.

Time of investment of B and C is same in scheme 'Y'. Amount invested by B in scheme 'Y' is 4% less than amount invested by A in scheme 'Y'. C invested 50000 more than B in scheme 'Y'. A invested 40% less in scheme 'X' than that of amount invested by him in scheme 'Y'. Ratio of amount invested by C in scheme 'X' to scheme 'Y' is 15 : 22.

Out of total profit earned from scheme 'Y', C got 50%. Ratio of profit share of A and B is 3 : 4 in scheme 'Z', while time of investment of A and B in scheme 'Z' is 4 : 3. C invested for ten months in scheme 'Z'.

A got 25% of total profit both in scheme 'Z' as well as in 'X'. Time of investment of A in scheme 'X' is two months less than that of in scheme 'Z'. A invested for sixteen months in scheme 'Y'.

Amount invested by C in scheme 'Z' is what percent more than amount invested by A in scheme 'X'?

HARD
IMPORTANT

A, B and C are three persons who each invested some amount in three different schemes X, Y and Z. Data tells about the amount invested and the time of investment by them. Study the data carefully and answer the following question.

Amount invested by A in scheme 'X' is 50% of the amount invested by C in the same scheme. B invested 40,000 in scheme 'X' and time for which he invested in scheme 'X' is five months more than time for which he invested in the same scheme. Ratio of amount invested by A and C in scheme 'Z' is same ratio of amount invested by A and C in scheme 'X'. B invested 10,000 less in scheme 'Z' than that of amount invested by C in scheme 'Z'.

Time of investment of B and C is same in scheme 'Y'. Amount invested by B in scheme 'Y' is 4% less than amount invested by A in scheme 'Y'. C invested 50000 more than B in scheme 'Y'. A invested 40% less in scheme 'X' than that of amount invested by him in scheme 'Y'. Ratio of amount invested by C in scheme 'X' to scheme 'Y' is 15 : 22.

Out of total profit earned from scheme 'Y', C got 50%. Ratio of profit share of A and B is 3 : 4 in scheme 'Z', while time of investment of A and B in scheme 'Z' is 4 : 3. C invested for ten months in scheme 'Z'.

A got 25% of total profit both in scheme 'Z' as well as in 'X'. Time of investment of A in scheme 'X' is two months less than that of in scheme 'Z'. A invested for sixteen months in scheme 'Y'.

If scheme 'Y' offers S.I. at the rate of 15% p.a., then find interest earned by A?

HARD
IMPORTANT

A, B and C are three persons who each invested some amount in three different schemes X, Y and Z. Data tells about the amount invested and the time of investment by them. Study the data carefully and answer the following question.

Amount invested by A in scheme 'X' is 50% of the amount invested by C in the same scheme. B invested 40,000 in scheme 'X' and time for which he invested in scheme 'X' is five months more than time for which he invested in the same scheme. Ratio of amount invested by A and C in scheme 'Z' is same ratio of amount invested by A and C in scheme 'X'. B invested 10,000 less in scheme 'Z' than that of amount invested by C in scheme 'Z'.

Time of investment of B and C is same in scheme 'Y'. Amount invested by B in scheme 'Y' is 4% less than amount invested by A in scheme 'Y'. C invested 50000 more than B in scheme 'Y'. A invested 40% less in scheme 'X' than that of amount invested by him in scheme 'Y'. Ratio of amount invested by C in scheme 'X' to scheme 'Y' is 15 : 22.

Out of total profit earned from scheme 'Y', C got 50%. Ratio of profit share of A and B is 3 : 4 in scheme 'Z', while time of investment of A and B in scheme 'Z' is 4 : 3. C invested for ten months in scheme 'Z'.

A got 25% of total profit both in scheme 'Z' as well as in 'X'. Time of investment of A in scheme 'X' is two months less than that of in scheme 'Z'. A invested for sixteen months in scheme 'Y'.

If C earned 14490 profits from scheme 'Z' and ratio between profit earned by C from scheme Z and X is 9 : 4, then find total profit earned by A from scheme 'X' and 'Z' together?

HARD
IMPORTANT

A, B and C are three persons who each invested some amount in three different schemes X, Y and Z. Data tells about the amount invested and the time of investment by them. Study the data carefully and answer the following question.

Amount invested by A in scheme 'X' is 50% of the amount invested by C in the same scheme. B invested 40,000 in scheme 'X' and time for which he invested in scheme 'X' is five months more than time for which he invested in the same scheme. Ratio of amount invested by A and C in scheme 'Z' is same ratio of amount invested by A and C in scheme 'X'. B invested 10,000 less in scheme 'Z' than that of amount invested by C in scheme 'Z'.

Time of investment of B and C is same in scheme 'Y'. Amount invested by B in scheme 'Y' is 4% less than amount invested by A in scheme 'Y'. C invested 50000 more than B in scheme 'Y'. A invested 40% less in scheme 'X' than that of amount invested by him in scheme 'Y'. Ratio of amount invested by C in scheme 'X' to scheme 'Y' is 15 : 22.

Out of total profit earned from scheme 'Y', C got 50%. Ratio of profit share of A and B is 3 : 4 in scheme 'Z', while time of investment of A and B in scheme 'Z' is 4 : 3. C invested for ten months in scheme 'Z'.

A got 25% of total profit both in scheme 'Z' as well as in 'X'. Time of investment of A in scheme 'X' is two months less than that of in scheme 'Z'. A invested for sixteen months in scheme 'Y'.

B and C both invested same amount they invested in scheme 'Y' in two different schemes i.e. P1 and P2 offers 20% p.a. at C.I. and 25% p.a. at S.I. respectively. Find the difference between interest earned by both after two years?

HARD
IMPORTANT

Ram, Suresh, Mohan, and Sonu started a business together. If Suresh and Mohan invested 1/4 and 1/5 of the total money invested respectively. The investment of Ram and Sonu are in the ratio 3:8. If the total profit is56600 at the end of one year, then find the percentage share of Sonu?

MEDIUM
IMPORTANT

P, Q, and R complete a work, if the ratio of their wages is 5:4:4. P works for 4 days, Q works for 4 days and R works for 8 days.if they got 3400 then find out the difference between P and Q wages?

EASY
IMPORTANT

Sumit started a business with an investment of 2400, after ______ months Ganesh joined the business with an investment of 1800. At the end of one year of commencement of business, Sumit received Rs. _____ out of the total profit of 26125.

The values given in which of the following options will fill the blanks in the same order in which is it given to make the above statement true:

A. 3,16720

B. 6,19000

C. 9,22000

HARD
IMPORTANT

Naresh invested _____ for 2 years while Mukti invested  500 more than Naresh for 4 years in a business. Total profit received by them is  12650 and the profit share of Mukti is  _____ .

The values given in which of the following options will fill the blanks in the same order in which is it given to make the statement true: 

I. 2000, 10350II. 1500, 9200      III. 3500, 8800      

EASY
IMPORTANT

A and B start a business with2500 and3000 and after 4 months C joined the business with2000. after 9 month B withdraw his money, if the annual profit is 1460.then find the share of B in profit.