DEPARTMENT OF CAREER

PLANNING AND DEVELOPMENT

SUBJECT: QUANTITATIVE
APTITUDE

PARTNERSHIP DISCOVER . LEARN . EMPOWER

 PARTNERSHIP
Course Outcome
CO Number Title Level

CO1 Students will be able Remember

to understand the
types of Partner
CO2 Students will be able Understand
to understand the
concept of
partnership
CO3 Students will be able Understand
to understand the
concept of profit
distribution in a
partnership
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INTRODUCTION
A partnership is an arrangement where
parties, known as business partners, agree to
cooperate to advance their mutual interests.
The partners in a partnership may be
individuals, businesses, interest-based
organizations, schools, governments or
combinations.
Features of Partnership:
• Agreement between Partners
• Two or More Persons
• Sharing of Profit
• Business Motive
• Mutual Business
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 Partnership
Introduction:- 
When more than one person agree to invest their money to run a
business or firm then this kind of agreement is called partnership.
The persons involved in the partnership are called partners.

There can be two types of partners in a business:

• Sleeping Partner: This partner has nothing to do with the business management and
he/she provides different resources like land, money, etc.

• Working Partner: This partner manages the business (active partner) and he/she plays
an important role in production, marketing, etc. Working partner gets an incentive for
managing the business and the remaining profit is divided according to the investment.
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 Types of Partnership
There are two types of partnership.
1. Simple Partnership: 
• Unequal investment and equal time period: If 2 partners A and B invest unequal amounts for the same
period of time, the ratio of their profits is given by
(Profit of A)/(Profit of B) = (Investment of A)/(Investment of B)
• Equal Investment and unequal time period: If 2 partners A and B invest equal amounts for different time
periods, the ratio of their profits is given by
(Profit of A)/(Profit of B) = (Investment period of A)/(Investment period of B)

2.Compound Partnership
• Unequal investment and unequal period of time: If two partners invest unequal amounts for different time
periods, the ratio of their profits is given by
(Profit of A)/(Profit of B) = (Investment of A * Investment period of A)/( Investment of B * Investment period
of B)

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 SOLVED EXAMPLES
1. A and B invests 45000 and 63000 respectively in a business. They invest for 1year. Find how much A
will get out of a total profit of 24000?
Explanation:
We know that
[Investment]A * [Time]A = [Profit]A
[Investment]B * [Time]B [Profit]B
(45000* 12)/ (63000 *12) = 5/7 = [Profit]A / [Profit]B
So A will get 5/12 *24000 = Rs.10000

2. P and Q invests in a business. A invest 50,000 for 8 months, and B invests 40,000. If at the end the
profit is distributed in the ratio of 5 : 6. For how much time Q invest?
Explanation:
[Investment]A * [Time]A = [Profit]A
[Investment]B * [Time]B [Profit]B
(50000 * 8) / (40000 * t) = 5/6
5*8/ 4*t = 5/6
t = 12 months 6
 SOLVED EXAMPLES
3. Rs. 1800 is divided among A, B, C so that A receives half as much as B and B 1/3rd as much as C.
Then C's share is?
Explanation:
Let C = x.
Then B = x/3
and A = x/6
A:B:C = 1:2:6
C's share Rs.[(6/9)*1800) = 1200

4.Aman received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ravi earned at
the end of one year. If Aman invested Rs.120000 for 6 months, whereas Ravi invested his amount for
the whole year, what was the amount invested by Ravi?
Explanation:
Suppose Ravi invested Rs. x. Then,
Aman : Ravi = 20000 * 6 : x * 12.
120000/12x : 6000/3000
=> x = 120000/24 = 5000
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 SOLVED EXAMPLES
5. A, B and C started a business each investing Rs.20000. After 6 month A withdraws Rs.5000, B
withdraws Rs.8000, C invest Rs.6000 more At the end of the years, a total profit was Rs.11300. Find
the share of C.
Explanation:
Ratio of capital of A, B and C.
= ( 20,000 × 6 + 15000 × 6 ) : ( 20,000 × 6 + 12000 × 6 ) : ( 20,000 × 6 + 26000 x 6 )
= 210000 : 192000 : 276000
So, Ratio becomes 35:32:46
Distributing the final profit of Rs. 11300 in the given ratio, the share of C becomes 4600.

6.M, N and O started a business by investing Rs. 50000 Rs. 60000 and Rs.70000 respectively. Find the
share of O, out of an annual profit of Rs.37800.
Explanation:
Ratio of shares of M, N and O = Ratio of their investment
M : N : O = 50000 : 60000 : 70000 = 5 : 6 : 7
Share of O = Rs. [37800 x 7 / 18] = 14700.

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 PRACTICE QUESTION
1. S and K started a business investing Rs. 51,000 and Rs. 68,000 respectively. In what ratio
the profit earned after 2 years be divided between S and K respectively?
A. 2 : 3 B. 3 : 4 C. 4 : 5 D. 5 : 6

Ans. B

2. A and B invested in a business and gained a profit which was divided in the ratio of 5 : 7.
If A invested Rs. 80,000, then what was the amount invested by B?
A. 112000 B. 121000 C. 114000 D. CND

Ans. D

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 PRACTICE QUESTION
3. Ranjit began a business with Rs.28600 and was joined by Santosh with Rs.42900 after a
few months. If the profits at the end of the year are divided in the ratio of 8 : 7, then find for
how much period of time did Santosh join Ranjit?
A. 3 months B. 4 months C. 6 months D. 7 months

Ans. D

4. Three partners partnered for 6 months, 9 months and 2 months respectively. Find the ratio
of their investments, if they shared a profit in the ratio 2 : 4 : 5.
A. 6 : 7 : 42 B. 5 : 9 :54 C. 6 : 8 : 45 D. CND

Ans. C

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 PRACTICE QUESTION
5. Three friends Mukesh, Nikhil and Prateek make an equal investment in a business. Nikhil
withdraws after 6 months while Mukesh withdraws 4 months after Nikhil. Only Pratik
continues for a year. Find the ratio of profits of Mukesh, Nikhil and Pratik respectively, if
Mukesh's investment was Rs. 38400?
A. 4:5:6 B. 6:3:5 C. 2:4:5 D. None of these

Ans. B

6. A starts a business with an investment Rs.18000. After 3 months B joins him with an
investment of Rs.27000. C joins them later with an investment of Rs.36,000. The business
prospers and makes a profit of Rs.1,12,000 at the end of the year. If profits of A, B and C are
in ratio of 8:9:10, for how many months was C a part of the business?
A. 6 months B. 6.5 months C. 7.5 months D. 8.5 months

Ans. C 11
 PRACTICE QUESTION
7. Bindiya and Menka started a boutique investing amounts of Rs.26,000 and Rs.52,000
respectively for the same time period. If Bindiya’s share in the profit earned by them is
Rs.3470, then what is the total profit earned?
A. 9840 B. 10410 C. 11250 D. 12180

Ans. B

8. A, B and C get a rental bike for Rs.690. If they use it for 5 hours, 8 hours and 10 hours
respectively then how much rent did C pay?
A. Rs.300 B. Rs.2502 C. Rs.290 D. Rs.320

Ans. A

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 PRACTICE QUESTION
9. Twice the investment of A is equal to thrice the investment of B is equal to four times the
investment of C. If all three invests for the same time, then find the share of A out of a total
profit of Rs.15990
A. Rs.6850 B. Rs.7380 C. Rs.7460 D. None of these

Ans. B

10. A and B started a business in partnership with Rs.30,000 and Rs.40,000 respectively. A
is a working partner and gets 20% of the total profit for looking after the business. How
much is the share or B less than the share of A in the profit of Rs.35,000 at the end of the
year , if both invested for the same time period ?
A. Rs.1500 B. Rs.1800 C. Rs.2000 D. None of these

Ans. C 13
 APPLICATIONS
• Estimating the profit earned in a business.

• The partners can initiate any changes if they think it is required to

meet the desired result or change circumstances.

• Estimating loss incurred in a business and pay the loss accordingly.

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 REFERENCES
Reference Books:
Kiran publication for Math
Arihant for Quant

Reference websites:
https://www.hitbullseye.com/Partnership-Aptitude-Questions.php
https://www.bankexamstoday.com/2013/10/partnership-concept-and-problems.html

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THANK YOU

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Email: dcpd.aqc@cumail.in