Partnership is an association of two or more persons, where these person known as partners invests their money in expectation of profits.
In IBPS, SBI, CAT and almost all other competitive exams, you will see questions related to this chapter. No book is providing a systematic way to solve questions from these chapters. So today I decided to share my technique with you.
Here is the equation
Profit ratio = Investment value * Number of months for which money invested.
There is a mistake in question 1, answer is 4 months. After 4 months B invested his money and he invested his money for 8 months.
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