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Partnership - Solved Examples
Q 1 - If an amount of Rs. 100000 and 150000 invested by two person A and B respectively. If the earned profit of Rs. 24000 than what should be the share of A and B?
Answer - B
Explanation
Ratio of investment of A and B = 100000 : 150000 = 2:3 Share of A = (24000*2/5 ) = Rs. 9600 Share of B = ( 24000*3/5 ) = Rs. 14400
Q 2 - If an amount of Rs. 20000 and Rs. 25000 invested by two partners in a business. But B left the business hand C joined the business with the capital of Rs. 15000 after the period of 4 year. An amount of Rs. 46000 earned as profit by the firm then what should be the share in profit of C?
Answer - A
Explanation
A: B: C = (2000*12): (25000*12): (15000*8)= 12:5:6 Share of C = (46000* 6/23) = Rs. 12000
Q 3 - Partners of a firms are A, B and C. Conditions of investments are: twice the A investment is equal to thrice the capital of B and the capital of B is four times in the comparison of C capital. What should be the share in profit of B if profit earned by Rs. 297000?
Answer - A
Explanation
If capital of C be Rs. x . then Capital of B = 4x Rs. 2( A's capital) = 3(B's capital) = Rs. (3*4x) = Rs. 12x ∴ A's capital = Rs. 6x ⇒ A's capital + B's capital + C's capital = 11x = 297000 ⇒ x = 27000 ∴ B's share: 4x = Rs 108000
Q 4 - With an amount of Rs. 21000 started business by A. after some time , B joined the business by investing amount of Rs. 36000. If profit of the firm divided equally between them then find out how many month after B join the business?
Answer - B
Explanation
We assume that after the period of x month B joined the business.
Capital of A = (21000*12)= Rs. 252000
Capital of B = {36000* (12-x) }= Rs. (432000-36000x)
252000= 432000- 36000x ⇒ 36000x= 180000 ⇒ x= 5
Hence, B joined after 5 months.
Q 5 - If Rs. 1460 rent for a shadow hired by three person which are A,B and C. A puts in 10 cow for 20 days, B 30 cows for 8 days and C 16 cows for 9 days. How much rent paid by each partner?
Answer - C
Explanation
A, B and C paid rent in the ratio = (10*20): (30*8): (16*9) = 25:30:18 Rent paid by A = Rs.( 1460* 25/73) = Rs. 500 Rent paid by B = Rs. (1460*30/730= Rs. 600 Rent paid By C = Rs. (1460* 18/73) = Rs. 360