# Partnership online test - Aptitude

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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.

Some Basic Rules on Partnership

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

Trick-1

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 ${C_3×P}/{C_1+C_2+C_3}$

Tricks-2

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  ${C_2×T_2×P}/{C_1T_1+C_2T_2}$

Trick-3

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

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

Tricks-4

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 = $C_1×T_1: C_2×T_2: C_3×T_3$

 Online Test - 1 (Partnership) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 2 (Partnership) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 3 (Partnership) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 4 (Partnership) TAKE TEST Number of questions : 20  |  Time : 30 minutes
 Online Test - 5 (Partnership) TAKE TEST Number of questions : 20  |  Time : 30 minutes

## Partnership solved Questions and Answers - Quantitative Aptitude

Question-1)

Narasimha and Nithin started a business investing amounts of Rs. 185000 and Rs. 225000 respectively. If Nithin share in the profit earned by them is Rs. 9000, what is the total profit earned by them together?

A) Rs. 17400
B) Rs. 16400
C) Rs. 16800
D) Rs. 17800
E) Rs. None of these

Ans: B

Solution: As per question,

The ratio of profits = Ratio of investments

⇒ Narasimha’s share = Nithin’s share

⇒185000 : 225000 = 37 : 45

Assume Narasimha’s share = 37X and  Nithin’s share = 45X

As per the given data,

45X = 9000 ⇒ X = 200

Therefore total profit = 37X+45X = 82X

⇒ 82 × 200 = 16400

Question-2)

Prasad and Muni started a business initially with Rs. 5100 and Rs. 6600 respectively. Investments done by both the persons are for different time periods. If the total profit is Rs. 5460, what is the profit of Prasad?

A) Rs. 1530
B) Rs. 1600
C) Rs. 1400
E) None of these

Ans: D

Solution: Time is not mentioned in the question. Hence we can’t find the profit. So Data is not sufficient to solve the problem.

Question-3)

A starts a business with Rs. 300000 and B joins him after 3 months with Rs. 1200000. Find the ratio of their profits at the end year of the years.

A) 2 : 5
B) 3 : 5
C) 5 : 1
D) 1 : 3
E) None of theses

Ans: D

Solution: Ratio = (Investment1 × Time1) × (Investment2 × Time2)

⇒(300000 × 12) × (1200000 × 9)

⇒36 : 108 = 1:3