Partnership - Concept and Problems

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.

There are many problems in partnerships regarding profit shares, investment period etc. I will try to solve one question from each part.

Question - Raj invested Rs 76000 in a business. After few months Monty joined him and invests Rs 57000. At the end of year both of them share the profits at the ratio of 2:1. After how many months Monty joined Raj ?

Solution - We can simply compute per month investment of both partnership

Raj invested Rs 76,000 for 12 months and Monty invested Rs 57,000 for x months.

Now 76000 × 12 / 57000 × x = 2 :1

⇒ 76 × 12 / 2 = 57x

⇒ x = 8

So Monty invested his money for 8 months and he joined after 4 months.


Question - A and B started a business by investing money in ratio of 5:6. C joined them after few months by sharing an amount equal to B's share. At the end of year 20% profit was earned which was equal equal to Rs 98,000. How much money was invested by C ?
Solution - 
= First of all we will calculate the weighted ratios

⇒ A = 5 × 12 = 60 
⇒ B = 6 × 12 = 72
⇒ C = 6 × 6 = 36

Total investment at the end of year = 98000 × 100/20 = Rs 4,90,000 

⇒ Investment by C = 490000 × 36 / 168 × 2 = Rs 210000


Question -A, B and C shared profits in ratio of 5:7:8. They partnered for 14 months, 8 months and 7 months respectively. What was he ratio of their investments ?

Solution - Simply multiply profit sharing ratio with investment ratio to get investment amount ratio.

Let X is the total investment

⇒14 x = 5
⇒ 8 x = 7
⇒ 7x = 8

⇒ Final investment ratio = 20 : 49 : 64

Question - Sita and Geeta started a business by investing Rs. 120000 and Rs.135000 respectively. Find the share of each out of an annual profit of Rs. 35700.
Solution :-
partnership 1
  • When investors are there for the different duration of  time in the business , then the investments are calculated for  a unit of time by having ( investment x number of units of time) . Now gain or loss is divided in the ratio of these investments.
Question - Ravi started a business by investing Rs.36000. After 3 months Shayam joined him by investing Rs.36000. Find the share of each in the annual profit of Rs. 37100.
Solution - 
partnership 12

Now let us do some questions:

Question - Sony , Mony and Tony start a business each investing Rs.20000. After 5 months Sony withdrew Rs.5000, Mony withdrew Rs.4000 and Tony added Rs.6000 more. At the end of the year, a total profit Of Rs. 69900 was recorded. Find the share of each?
Solution - 
partnership 14

Question - Sheela started a business with Rs. 21000 and is joined afterwords by Reema with Rs 36000. After how many months did Reema join if the profits at the end of the year are divided equally?
Answer -
partnership 1 6
Question - X and Y invested in a business. They earned some profit which they divided in the ratio of 2:3. If X invested Rs. 40000. Find the amount invested by Y?
Solution - 
partnership 17
Question - A , B , C contract a work for Rs .1100.A and B together are to do 7/11 of the work . What is C’s share ?
Solution -
partnership 18
Question - Mohinder and Surinder entered into a partnership investing Rs. 12000 and Rs. 9000 respectively . After 3 months , Sudhir joined them with an investment of Rs.15000. What is the share of Sudhir in a half yearly profit of Rs. 9500?
Solution - 
partnership 15



Question - In a partnership , A invests 1/6 of the capital for 1/6 of the time , B invests 1/3 of the capital for 1/3 of the time and C , the rest of the capital for the whole time. What is the share of B in the profit f Rs. 4600.
Solution -
partnership 19

Question - Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?
Solution - Let the first partner invests Rs x for 14 months, second partner invests Rs.y for 8 months, Rs z for 7 months.

partnership 13

partnership question




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14 comments:

  1. hello sir, i want some tricky questions on different concepts, like permutations & combinations, partnership etc. so pls provide me by sending it on my mail id. i'll be very thankful to you

    ReplyDelete
    Replies
    1. Try to increase your speed. Remember you need to solve at least 1 question in a minute.

      Delete
  2. Thank you for the guidance Sir.
    In the 2nd prob, I did not get how, C=6*6 when the no.of months C invested for is not mentioned in the question. Also could you please elaborate the last step in the same prob? Same with the last prob. I did not understand how you arrive at the final investment ratio with the 3 implications.

    ReplyDelete
    Replies
    1. Second Problem : I think that's not few months its 6 months...

      Third Problem :

      Let their investments be Rs. x for 14 months, Rs. y for 8 months and Rs. z for 7 months respectively..

      Then 14x:8y:7z = 5:7:8

      14x/8y = 5/7 ---> y= (49/20)x

      and 14x/7z = 5/8 ---> z= (16/5)x.

      we can find x:y:z
      x:y:z = x : (49/20)x : (16/5)x
      x:y:z= 20:49:64

      Delete
    2. Thanks Chidipilli, noticing that you are answering many queries. Thanks a lot for helping me.

      Delete
    3. Now I get it. Thank you soo much MOHANAVAMSI CHIDIPILLI.

      Delete
    4. Oh! But I still did not get the last step of the 1st prob. Please help.

      Delete
  3. Replies
    1. Money invested per month is calculated.
      Monty's invested money for 8 months, thus he joined after 4 months.

      Delete
  4. I was asking bout the second problem. :(

    ReplyDelete
  5. In the 2nd problem , how you put 6X6 even there are nothig clear about the c that he invested for how many months ???

    ReplyDelete
  6. hey :) really nice blog i loved it and thanks for allowing me to answer :)

    ReplyDelete
    Replies
    1. hi.....I have some doubts,,can u please guve ur Id......Iam feom andhra...I hope u also from andhra

      Delete
  7. Hi In the second problem can you please explain why you multiplied with 2 again? I mean 490000*36/168 is enough why again it is multiplied by 2?

    ReplyDelete

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