Partnership

Important Terms:
Partnership:
When two or more than two persons run a business
jointly, they are called partners and the deal is known
as partnership.
Working Partners:
A partner who manages the business is known as
a working partner.
Sleeping Partners:
A partner one who simply invests the money is a sleeping
partner.
Important Rule:
Ratio of investments = Ratio of Profit
Type 1: Same Investment Period
When investments of all the partners are
for the same time, the gain or loss is
distributed among the partners in the ratio
of their investments.

Example: A and B invest Rs. x and

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.
Mega and Sharu invest their money in a
business with the amount of Rs. 30000 and
Rs. 35000 for 1 year. Find the Ratio of their
profit.
(a) 4:5 (b) 7:3 (c) 6:7 (d) None of these
Mega and Sharu invest their money in a
business with the amount of Rs. 30000 and
Rs. 35000 for 1 year. Find the Ratio of their
profit.
(a) 4:5 (b) 7:3 (c) 6:7 (d) None of these
When time period is same then ratio of
investment is equal to the ratio of their profit.
Then ratio will be 30000:35000 = 30 : 35 = 6 : 7
A, B and C started a business by investing Rs.
250000 Rs. 300000 and Rs.350000 respectively.
Find the share of B, out of an annual profit of
Rs.187200.
(a) Rs. 65400 (b) Rs. 62400 (c) Rs. 63400
(d) Rs. 66200 (e) None of These
A, B and C started a business by investing Rs.
250000 Rs. 300000 and Rs.350000 respectively.
Find the share of B, out of an annual profit of
Rs.187200.
(a) Rs. 65400 (b) Rs. 62400 (c) Rs. 63400
(d) Rs. 66200 (e) None of These
Ratio of shares of A, B and C = Ratio of their investment
A : B : C = 250000 : 300000 : 350000 = 5 : 6 : 7
Share of B = Rs. [187200 x 6 / 18] = 62400.
Type 2: Different Investment Period
When investments are for different time
periods, then equivalent capitals are
calculated for a unit of time by taking
(capital x number of units of time). Now
gain or loss is divided in the ratio of these
capitals.
Example: A invests Rs. x for p months and B
invests Rs. y for q months then,
(A's share of profit) : (B's share of
profit)= xp : yq
A, B and C invested capitals in the ratio 3:5:9; the
timing of their investments being in the ratio 2:3:1.
In what ratio would their profits be distributed?
(a) 2:5:3 (b) 3:2:5 (c) 7:5:3 (d) None of these
A, B and C invested capitals in the ratio 3:5:9; the
timing of their investments being in the ratio 2:3:1.
In what ratio would their profits be distributed?
(a) 2:5:3 (b) 3:2:5 (c) 7:5:3 (d) None of these

Ratio of profit = Ratio of investment x Ratio of time period

Ratio of profit = (3:5:9) x ( 2:3:1) = (3 x 2):(5 x 3):(9 x 1) = 2 : 5 : 3

Rohit started a partnership business with Mohit with
investing amount of Rs. 50000 and 45000 respectively.
After 8 months Deepak joined them with the amount of
30000. At the end of year, they get the profit of Rs.
4200. How much money Deepak get as his profit?
(a) Rs. 300 (b) Rs. 400 (c) Rs. 500 (d) None of these
Rohit started a partnership business with Mohit with
investing amount of Rs. 50000 and 45000 respectively.
After 8 months Deepak joined them with the amount of
30000. At the end of year, they get the profit of Rs.
4200. How much money Deepak get as his profit?
(a) Rs. 300 (b) Rs. 400 (c) Rs. 500 (d) None of these
Ratio of their profit = Rohit : Mohit : Deepak
= 50000×12: 45000×12: 30000× 4
= 10:9:2
Deepak’s profit’s share= 4200 × 2/21= Rs. 400
Aman started a business investing Rs. 70,000. Rakhi joined
him after six months with an amount of Rs. 1,05,000 and
Sagar joined them with Rs. 1.4 lakhs after another six
months. The amount of profit earned should be
distributed in what ratio among Aman, Rakhi and Sagar
respectively, 3 years after Aman started the business?
(a) 7 : 6 : 10 (b) 12 : 15 : 16 (c) 42 : 45 : 56
(d) Cannot be determined
Aman started a business investing Rs. 70,000. Rakhi joined
him after six months with an amount of Rs. 1,05,000 and
Sagar joined them with Rs. 1.4 lakhs after another six
months. The amount of profit earned should be
distributed in what ratio among Aman, Rakhi and Sagar
respectively, 3 years after Aman started the business?
(a) 7 : 6 : 10 (b) 12 : 15 : 16 (c) 42 : 45 : 56
(d) Cannot be determined

Aman:Rakhi:Sagar = (70,000x36):(1,05,000x30):(1,40,000x24)
= 12 : 15 : 16.
Mini started a business with investment amount of Rs.
54000 and after some months Mice joined her with
investment money of Rs.72000. Mice invested his
money for how many months if at the end of year
profit is equally divided between them.
(a) 4 (b) 7 (c) 9 (d) None of these
Mini started a business with investment amount of Rs.
54000 and after some months Mice joined her with
investment money of Rs.72000. Mice invested his
money for how many months if at the end of year
profit is equally divided between them.
(a) 4 (b) 7 (c) 9 (d) None of these
Let Mice joins after x months.
Then Mice’s investments was for (12-x) months
Since the profits was divided equally.
54000×12=72000(12-x)=>X=3
Mice’s joined after 3 months or we can also say that he invested his money
for 9 months.
Type 3: Different time period and amount
When investments are for different time
periods, then equivalent capitals are
calculated for a unit of time by taking (capital
x number of units of time). Now gain or loss is
divided in the ratio of these capitals.
Example: A invests Rs. x for p months & Rs. C
for r months and B invests Rs. y for q months
& Rs. D for s months then,
(A's share of profit) : (B's share of profit)= (xp
+ Cr) : (yq + Ds)
A, B and C started a business each investing Rs.10000.
After 4 month A withdraws Rs.3000, B withdraws
Rs.4000, C invest Rs.3000 more At the end of the years,
a total profit was Rs.32800. Find the share of C.
(a) Rs. 10000 (b) Rs. 14400 (c) Rs. 17600 (d)
Rs. 19200
A, B and C started a business each investing Rs.10000.
After 4 month A withdraws Rs.3000, B withdraws
Rs.4000, C invest Rs.3000 more At the end of the years,
a total profit was Rs.32800. Find the share of C.
(a) Rs. 10000 (b) Rs. 14400 (c) Rs. 17600 (d)
Rs. 19200
Ratio of capital of A, B and C
=> (10,000×4+7000×8):(10,000×4+6000×8):(10,000×4+13000x8)
=> 96000 : 88000 : 144000
So, Ratio becomes 12 : 11:18
Distributing the final profit of Rs. 32800 in the given ratio,
the share of C becomes 14400.
Type 4: The contributions made by Ravi and
Suresh are in the ratio of 3:2. If 5% of total profit
is donated and Ravi gets 8550 as his share of
profit, what is the total profit?
(a) 14000 (b) 14500 (c) 15000 (d)15500
Type 4: The contributions made by Ravi and
Suresh are in the ratio of 3:2. If 5% of total profit
is donated and Ravi gets 8550 as his share of
profit, what is the total profit?
(a) 14000 (b) 14500 (c) 15000 (d)15500
Let the total profit = x
The ratio of contribution by Ravi and Suresh = 3:2
Ravi's share = (Ravi's ratio/ sum of all ratios)* total profit= (3/5) * x = 8550
Total profit= x= (8550*5)/3 = 14250
ATQ, the Ravi gets 8550 after 5 % donated
Now, 95% = 14250 => 1% = 14250/ 95
And, 100% = (14250/95) * 100 = 15000
Type 4: A, B and C jointly thought of engaging themselves in a
business venture. It was agreed that A would invest Rs. 6500 for
6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3
months. A wants to be the working member for which, he was
to receive 5% of the profits. The profit earned was Rs. 7400.
Calculate the share of B in the profit.
(a) Rs. 1900 (b) Rs. 2660 (c) Rs. 2800 (d) Rs. 2840
Type 4: A, B and C jointly thought of engaging themselves in a
business venture. It was agreed that A would invest Rs. 6500 for
6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3
months. A wants to be the working member for which, he was
to receive 5% of the profits. The profit earned was Rs. 7400.
Calculate the share of B in the profit.
(a) Rs. 1900 (b) Rs. 2660 (c) Rs. 2800 (d) Rs. 2840
For managing, A received = 5% of Rs. 7400 = Rs. 370.
Balance = Rs. (7400 - 370) = Rs. 7030.
Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)
= 39000 : 42000 : 30000 = 13 : 14 : 10
B's share = Rs. 7030 x 14/37 = Rs. 2660.
1) A, B, C hired a car for Rs. 520 and used it for 7, 8
and 11 hours respectively. Hire charges paid by B
were :
(a) 150 (b) 160 (c) 170 (d) 180
1) A, B, C hired a car for Rs. 520 and used it for 7, 8
and 11 hours respectively. Hire charges paid by B
were :
(a) 150 (b) 160 (c) 170 (d) 180
A : B : C = 7 : 8 : 11.
Hire charges paid by B = Rs. (520 * 8/26) = Rs. 160.
2) Rs.1200 divided among P, Q and R. P gets half of the
total amount received by Q and R. Q gets one-third of
the total amount received by P and R. Find the amount
received by R ?
(a) Rs. 1100 (b) Rs. 500 (c) Rs. 1200 (d) Rs. 700
2) Rs.1200 divided among P, Q and R. P gets half of the
total amount received by Q and R. Q gets one-third of
the total amount received by P and R. Find the amount
received by R ?
(a) Rs. 1100 (b) Rs. 500 (c) Rs. 1200 (d) Rs. 700
P + Q + R = 1200
P = (Q + R)/2 => 2P = Q + R,Q = (P + R)/3 => 3Q = P + R
3P = 1200 => P = 400, 4Q = 1200 => Q=300
400 + 300 + R = 1200 => 1200 – 700 = R => R=500
3) Anand and Deepak started a business investing
Rs. 22,500 and Rs. 35,000 respectively. Out of a
total profit of Rs. 13,800, Deepak's share is :
(a) 8400 (b) 8200 (c) 8100 (d) 8000
3) Anand and Deepak started a business investing
Rs. 22,500 and Rs. 35,000 respectively. Out of a
total profit of Rs. 13,800, Deepak's share is :
(a) 8400 (b) 8200 (c) 8100 (d) 8000
Ratio of their shares = 22500 : 35000 = 9 : 14.
Deepak's share = Rs. (13800 * 14/23) = Rs. 8400.
4) A, B and C enter into a partnership. They invest Rs. 40,000,
Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the
first year, B withdraws Rs. 40,000, while at the end of the
second year, C withdraws Rs. 80,000. In what ratio will the
profit be shared at the end of 3 years ?
(a) 2 : 3 : 5 (b) 3 : 4 : 7 (c) 5 : 6 : 4 (d) 1 : 3 : 5
4) A, B and C enter into a partnership. They invest Rs.
40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the
end of the first year, B withdraws Rs. 40,000, while at the
end of the second year, C withdraws Rs. 80,000. In what
ratio will the profit be shared at the end of 3 years ?
(a) 2 : 3 : 5 (b) 3 : 4 : 7 (c) 5 : 6 : 4 (d) 1 : 3 : 5
A : B : C = (40000 x 36) : (80000 x 12 + 40000 x 24) :
(120000 x 24 + 40000 x 12)
= 144 : 192 : 336 = 3 : 4 : 7.
5) Simran started a software business by investing Rs.
50,000. After six months, Nanda joined her with a capital
of Rs. 80,000. After 3 years, they earned a profit of Rs.
24,500. What was Simran's share in the profit ?
(a) 10110 (b) 10500 (c) 12000 (d) 13000
5) Simran started a software business by investing Rs.
50,000. After six months, Nanda joined her with a capital
of Rs. 80,000. After 3 years, they earned a profit of Rs.
24,500. What was Simran's share in the profit ?
(a) 10110 (b) 10500 (c) 12000 (d) 13000
Simran : Nanda = (50000 * 36) : (80000 * 30) = 3 : 4.
Simran's share = Rs. ( 24500 * 3/7) = Rs. 10500.
6) A, B, C rent a pasture. A puts 10 oxen for 7 months,
B puts 12 oxen for 5 months and C puts 15 oxen for 3
months for grazing. If the rent of the pasture is Rs.
175, how much must C pay as his share of rent?
(a) Rs. 45 (b) Rs. 50 (c) Rs. 55 (d) Rs. 60
6) A, B, C rent a pasture. A puts 10 oxen for 7 months,
B puts 12 oxen for 5 months and C puts 15 oxen for 3
months for grazing. If the rent of the pasture is Rs.
175, how much must C pay as his share of rent?
(a) Rs. 45 (b) Rs. 50 (c) Rs. 55 (d) Rs. 60
A : B : C = (10 x 7) : (12 x 5) : (15 x 3) = 70 : 60 : 45
= 14 : 12 : 9.
C's rent = Rs. 175 x 9/35 = Rs. 45.
7) X and Y invested in a business. They earned some
profit which they divided in the ratio of 2 : 3. If X
invested Rs. 40,000, the amount invested by Y is :
(a) 20000 (b) 40000 (c) 60000 (d) 80000
7) X and Y invested in a business. They earned some
profit which they divided in the ratio of 2 : 3. If X
invested Rs. 40,000, the amount invested by Y is :
(a) 20000 (b) 40000 (c) 60000 (d) 80000

Suppose Y invested Rs. y.

Then,
40000/y = 2/3 or y = 60000 .
8) A and B began business with Rs.3000 and Rs.4000
after 8 months, A withdraws Rs.1000 and B advances
Rs.1000 more. At the end of the year, their profits
amounted to Rs.630 find the share of A ?
(a) Rs. 240 (b) Rs. 75 (c) Rs. 125 (d) Rs. 354
8) A and B began business with Rs.3000 and Rs.4000
after 8 months, A withdraws Rs.1000 and B advances
Rs.1000 more. At the end of the year, their profits
amounted to Rs.630 find the share of A ?
(a) Rs. 240 (b) Rs. 75 (c) Rs. 125 (d) Rs. 354

The ratio of A & B investments

=> (3x8 + 2x4):(4x8 + 5x4) => 8:13
=> 8/21 x 630 = 240.
9) A and B are partners in a business. A contributes 1/4
of the capital for 15 months and B received 2/3 of the
profit. For how long B's money was used ?
(a) 3 months(b) 6 months
(c) 10 months (d) 12 months
9) A and B are partners in a business. A contributes 1/4
of the capital for 15 months and B received 2/3 of the
profit. For how long B's money was used ?
(a) 3 months(b) 6 months
(c) 10 months (d) 12 months

Let we assume total capital as Rs. 4, A and B’s

contribution will be Rs. 1 and Rs. 3.
Ratio of Profit = 1:2
1 x 15/3 x y = ½
=>y=10 months
10) If 4 (A's capital) = 6 (B's capital) = 10 (C's capital),
then out of a profit of Rs. 4650, C will receive ____
(a) Rs.700 (b) Rs.800 (c) Rs.900 (d) Rs.1000
10) If 4 (A's capital) = 6 (B's capital) = 10 (C's capital),
then out of a profit of Rs. 4650, C will receive ____
(a) Rs.700 (b) Rs.800 (c) Rs.900 (d) Rs.1000

Let 4A = 6B = 1OC = k.
Then, A = k/4, B = k/6, and C =k/10 .
A : B :C = k/4 : k/6 : k/10 = 15 : 10 : 6.
Hence, C's share (4650 * 6/31) = Rs, 900.
11) A began a business with Rs. 85,000. He was joined
afterwards by B with Rs. 42,500. For how much period
does B join, if the profits at the end of the year are divided
in the ratio of 3 : 1?
(a) 4 months (b) 5 months (c) 6 months (d) 8 months
11) A began a business with Rs. 85,000. He was joined
afterwards by B with Rs. 42,500. For how much period
does B join, if the profits at the end of the year are divided
in the ratio of 3 : 1?
(a) 4 months (b) 5 months (c) 6 months (d) 8 months

Suppose B joined for y months.

Then, (85000 x 12)/(42500 x y) = 3/1
x = (85000 x 12)/(42500 x 3) = 8.
So, B joined for 8 months.
12) A and B started a business in partnership investing Rs. 20,000
and Rs. 15,000 respectively. After six months, C joined them with
Rs. 20,000. What will be B's share in total profit of Rs. 25,000
earned at the end of 2 years from the starting of the business?
(a) Rs. 7500 (b) Rs. 9000 (c) Rs. 9500 (d) Rs.
10,000
12) A and B started a business in partnership investing Rs. 20,000
and Rs. 15,000 respectively. After six months, C joined them with
Rs. 20,000. What will be B's share in total profit of Rs. 25,000
earned at the end of 2 years from the starting of the business?
(a) Rs. 7500 (b) Rs. 9000 (c) Rs. 9500 (d) Rs.
10,000

A : B : C = (20,000 x 24) : (15,000 x 24) : (20,000 x 18)

=4:3:3
B's share = Rs. 25000 x 3/10 = Rs. 7,500.
13) A and B started a partnership business investing some
amount in the ratio of 3 : 5. C joined then after six months
with an amount equal to that of B. In what proportion should
the profit at the end of one year be distributed among A, B
and C?
(a) 3 : 5 : 2 (b) 3 : 5 : 5 (c) 6 : 10 : 5 (d) Data inadequate
13) A and B started a partnership business investing some
amount in the ratio of 3 : 5. C joined then after six months
with an amount equal to that of B. In what proportion should
the profit at the end of one year be distributed among A, B
and C?
(a) 3 : 5 : 2 (b) 3 : 5 : 5 (c) 6 : 10 : 5 (d) Data inadequate
Let the initial investments of A and B be 3 and 5.
A : B : C = (3 x 12) : (5 x 12) : (5 x 6)
= 36 : 60 : 30 = 6 : 10 : 5.
14) A starts business with Rs. 3500 and after 5 months, B
joins with A as his partner. After a year, the profit is
divided in the ratio 2 : 3. What is B's contribution in the
capital?
(a) Rs. 7500 (b) Rs. 8000 (c) Rs. 8500 (d) Rs. 9000
14) A starts business with Rs. 3500 and after 5 months, B
joins with A as his partner. After a year, the profit is divided
in the ratio 2 : 3. What is B's contribution in the capital?
(a) Rs. 7500 (b) Rs. 8000 (c) Rs. 8500 (d) Rs. 9000

Let B's capital be Rs. x.

Then, 3500 x 12/7x = 2/3
14x = 126000
x = 9000.
15) Reena and Shaloo are partners in a business, Reena
invests Rs. 35,000 for 8 months and Shaloo invests Rs.
42,000 for 10 months, out of a profit of Rs. 31,570,
Reena's share is :
(a) 12628 (b) 18245 (c) 11235 (d) 10253
15) Reena and Shaloo are partners in a business, Reena
invests Rs. 35,000 for 8 months and Shaloo invests Rs.
42,000 for 10 months, out of a profit of Rs. 31,570,
Reena's share is :
(a) 12628 (b) 18245 (c) 11235 (d) 10253

Ratio of their shares = (35000 x 8) : (42000 x 10)

= 2 : 3.
Reena's share Rs. 31570 * (2 / 5) = Rs. 12628.
16) 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?
(a) 5 : 7 : 8 (b) 20 : 49 : 64
(c) 38 : 28 : 21 (d) None of these
16) 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?
(a) 5 : 7 : 8 (b) 20 : 49 : 64
(c) 38 : 28 : 21 (d) None of these
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.
From options,
14 x 20 : 8 x 49 : 7 x 64 = 5:7:8
17) A, B, C subscribe Rs. 50,000 for a business. A
subscribes Rs. 4000 more than B and B Rs. 5000 more
than C. Out of a total profit of Rs. 35,000, A receives:
(a) Rs.8400 (b) Rs.11,900 (C) Rs.13,600 (d) Rs.14,700
17) A, B, C subscribe Rs. 50,000 for a business. A
subscribes Rs. 4000 more than B and B Rs. 5000 more
than C. Out of a total profit of Rs. 35,000, A receives:
(a) Rs.8400 (b) Rs.11,900 (C) Rs.13,600 (d) Rs.14,700

Let C = x, B = x + 5000 and A = x + 5000 + 4000 = x + 9000.

So, x + x + 5000 + x + 9000 = 50000
=> 3x = 36000 => x = 12000
A : B : C = 21000 : 17000 : 12000 = 21 : 17 : 12.
A's share = Rs. 35000 x 21/50 = Rs. 14,700.
18) Anu started a business with the amount of Rs.
27000 and after some months Kusum with the
investing amount of Rs. 36000. At the end of year, the
ratio of their profit is 3:2. After how many months
Kusum joined?
(a) 4 (b) 6 (c) 7 (d) None of these
18) Anu started a business with the amount of Rs.
27000 and after some months Kusum with the
investing amount of Rs. 36000. At the end of year, the
ratio of their profit is 3:2. After how many months
Kusum joined?
(a) 4 (b) 6 (c) 7 (d) None of these
Suppose Kusum joined for x months.
Then, (27000 × 12)/ (36000 × x) = 3/2.
By solving for x, we get the value of x = 6.
Hence, Kusum joined for 6 months.
19) A and B invest in a business in the ratio 3 : 2. If
5% of the total profit goes to charity and A's share
is Rs. 855, the total profit is:
(a) Rs. 1425 (b)Rs. 1500
(c) Rs. 1537.50 (d) Rs. 1576
19) A and B invest in a business in the ratio 3 : 2. If
5% of the total profit goes to charity and A's share
is Rs. 855, the total profit is:
(a) Rs. 1425 (b)Rs. 1500
(c) Rs. 1537.50 (d) Rs. 1576
Let the total profit be Rs. 100.
After paying to charity, A's share = Rs. 95 x (3/5) = Rs. 57.
If A's share is Rs. 57, total profit = Rs. 100.
If A's share Rs. 855, total profit = 100 x 855/57 = 1500.
20) In a business, A and C invested amounts in the
ratio 2:1, whereas the ratio between amounts
invested by A and B was 3:2. If Rs. 1,57,300 was
their profit, how much amount did B receive ?
(a) 48400 (b) 54200 (c) 64000 (d) 74000
20) In a business, A and C invested amounts in the
ratio 2:1, whereas the ratio between amounts
invested by A and B was 3:2. If Rs. 1,57,300 was
their profit, how much amount did B receive ?
(a) 48400 (b) 54200 (c) 64000 (d) 74000
A : B = 3 : 2 => B : A = 2 : 3 = 4 : 6 & A : C = 2 : 1 = 6 : 3.
So, B : A : C = 4 : 6 : 3 or A : B : C = 6 : 4 : 3.
B's share = Rs. (157300 x 4/13 ) = Rs. 48400.