Partnership-4

Quantitative Aptitude ( CCS) Partnership

Partnership-4

DI on Partnership

A chunk of Questions is asked from Data Interpretation in the Quantitative Aptitude Section of banking exams. In this study note we will discuss DI (Data Interpretation) based on partnership which are frequently asked in various competitive exams.

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners have limited liability.

Tips for Partnership Problems

When two or more people invest their money in a business, persons are called Partners, their relationship is Partnership and money is Capital.

If they invest money for the same time, it is called simple partnership.
If they invest money for different time, it is called compound partnership.

Profit is directly proportional to Time and Investments.

Profit ∝ Time Profit ∝ Investments
Profit ∝ (Time × Investments)

The data interpretation questions consist of more information part. The only key to solving these types of questions is to pick up the key points on which you can work so that you can find the answers to those questions.

Directions : Study the following table carefully answer the questions that follow :

The following table shows the investments and profits of the three partners A,B & C in a partnership firm for the period 2011-15 . Except for the year 2015,the amounts invested by each are for the same period. Some data are missing which need to be calculated using given information.

Question 1. If the total profit in 2013 is Rs 7500 , what is the profit earned by B ?

A)2250 B)2500 C)2750 D)3000 E)None of these

Solution:

Ratio of investment in 2013 , A;B:C=22:18:20=11:9:10
B’s share in profit = (7500 X 9)/(11+9+10)= 2250

Question 2. The investment made by C in the year 2011 is

A)24000 B)25000 C)26000 D)30000 E)None of these

Solution:

C’s investment = (16000X3900)/2400=26000

Question 3. In 2015, the total investment of A & B together is Rs 28000. If A & B invested their amounts for 12 months and 8 months respectively, then C’s investment was for how many months ?

A)2 B)4 C)6 D)8 E)None of these

Solution:

12A/8B=6300/5600
A/B=3/4
A=(28000*3)/(3+4)=12000
Let C’s investment be for X months
Then ratio of A & C’s profit
(12000 *12)/(32000 * X) =6300/8400
X=6

Question 4. What is the ratio of profit earned by A in 2012 to that in 2013 ?

A)192 :55 B)192 :45 C)96 :25 D)16 :5 E)None of these

Solution:

A’s profit in 2012=4400 *(24/11)=9600
A’s profit in 2013= 7500 * (11/30)=2750
Ratio =9600/2750= 192/55=192 : 55

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