Partnership online test - Aptitude

Welcome to freeonlinetest online exam portal, here you will get 2000+ Partnership With formulae. As you know Aptitude is one of the important topics for competitive exams like Banking, SSC CGL, SSC MTS, SSC Group D, Railway Group D, Police Constable Exams, etc.

Partnership is also part of quantitative Aptitude or math. Here you will get expected questions prepared by experts which could help in your exam in the aptitude section.

We are providing some useful formulae and hints for the Partnership category.  Requesting you to go through the below points before taking any online test.

1. If more than one person involved in business then partnership will come into picture. It’s like agreement between more than one person to run business. They will invest money and share profits accordingly.

2 .If the partners in a business invest money for same period or same time then it is called simple partnership.

3. If the partners in a business invest money for different period or different time then it is called compound partnership.

There are two types of partners.

1. Working Partner: A partner who actively involved in the business is called working partner.

2 .Sleeping Partner: A partner who invests money and doesn’t involve in business activity is called sleeping partner.

In partnership either profit or loss is shared depends on investment they kept in business.

Basic formulas On Partnership- Aptitude

If two partners invest capital Rs. C1 and Rs. C2 for the same period and earn profit Rs. P, the share of the partners in the profit wii be

Rs ${C_1×P}/{C_1+C_2}$ ,And  ${C_2×P}/{C_1+C_2}$

Similarly, If there are three partners who invest Rs. C1, Rs. C2 and Rs. C3 for the same period and earn total profit Rs. P, the shares of the partners in the profit will be

Rs ${C_1×P}/{C_1+C_2+C_3}$ , ${C_2×P}/{C_1+C_2+C_3}$ ,And ${C_3×P}/{C_1+C_2+C_3}$

If two partners invest capital Rs. C1 and Rs. C2 for different periods T1 and T2 respectively and earn total profit Rs. P, shares of the partners in the profit will be

Rs ${C_1×T_1×P}/{C_1T_1+C_2T_2}$ ,And  ${C_2×T_2×P}/{C_1T_1+C_2T_2}$

If two partners invest capital C1 and C2 for the periods T1 and T2, respectively, the ratio of their profits will be

$ {\text"Profit of A"}/{\text"Profit of B"}$ =${C_1×T_1}/{C_1×T_2}$

if three partners A, B, and C invest Rs. C1, Rs. C2 and Rs. C3 for different periods T1, T2, and T3 respectively then the ratio of their profits will be

Profit of A: Profit of B: Profit of C = $C_1×T_1: C_2×T_2: C_3×T_3$