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Partnership Solved Questions For IBPS, SBI and Other Bank Exams - Page 1

You will find 15 problems in 4 pages..

Partnership Problems Solved Questions (Page 1 of 4)

Dear Reader,

Below you will find important formulas of partnership problems. Following that you will find solved questions. These questions will help you in preparation for all bank exams including IBPS, SBI, RRB and other banks.

Partnership: When two or more than two persons run a business jointly, they are called partners and the deal is known as partnership.

Working & Sleeping Partners:
A partner who manages the business is known as a working partner and the one who simply invests the money is a sleeping partner.

Important formulas:

1. If the investment made by the partners is for same time, then the profit or loss is shared among the partners in the ratio of their investments.
E.g. If A & B invest Rs.x & 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

2. If the investment is made for different time periods, then the gain or loss is calculated in the ratio of the equivalent capitals (i.e. equivalent capital = capital x time of investment).
E.g. If A invests Rs.x for p months & B invests Rs.y for q months, then
(A’s share of profit) : (B’s share of profit) = xp : yq

Question 1

Meena and Sonu enter into a business with capital Rs.15,000 and Rs.12,000 and they made a total profit of Rs.9,000. Find the percentage of Sonu's share.
a)Rs.4500 b)Rs.5000 c)Rs.4000 d)Rs.5500

Answer : c)Rs.4000

Solution:

Meena and Sonu invested Rs.15,000 and Rs.12,000 respectively.
The ratio of their investment is = 15,000 : 12,000 = 5 : 4
Total profit is Rs.9000
Sonu's share = Rs.[4/9 x 9000] = Rs.4000
Hence the answer is Rs.4000


Question 2

Subha and her friend invested in the ratio 5 : 3 in a business. If 4% of the profit is given to charity and Subha's share is Rs.1,200 then what will be the total profit ?
a)Rs.1,000 b)Rs.2000 c)Rs.1,500 d)Rs.1,800

Answer : b)Rs.2000

Solution:

Let the total profit be Rs.100.
4% of profit is for charity,
Subha's share = Rs.[(100-4) x (5/8)] = [96 x(5/8)] = Rs.60

If Subha's share is Rs.60 then the total profit = Rs.100.

If Subha's share is Rs.1,200 then total profit = Rs.[(100/60) x 1200] = Rs.2,000.

Hence the answer is Rs.2,000


Question 3

A, B, C starts a business with investment of Rs.1,00,000. C invest Rs.8,000 more than B and B invest Rs.10,000 more than A. If the total profit is Rs.70,000 then
C receives :
a)Rs.30,000 b)Rs.25,000 c)Rs.25,400 d)Rs.29,400

Answer : d)Rs.29,400

Solution:
Let A's investment be X
Then, B's = X + 10,000 and C's = X + 10,000 + 8,000
Now the total investment = X + X + 10,000 + X + 10,000 + 8,000 = 3X + 28,000
From the given data, 3X + 28000 = 1,00,000
3X = 72,000
then X = 24,000.
A : B : C = 24000 : 34000 : 42,000 = 12 : 17 : 21
Then c's share = (21/50) x 70,000 = Rs.29,400


Partnership Problems Solved Questions (Page 1 of 4)

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