9

CHAPTER
PARTNERSHIP
PARTNERSHIP Example 2
A partnership is an association of two or more persons who invest
A, B and C enter into a partnership by investing 1500,
2500 and 3000 rupees, respectively. A as manager gets
their money in order to carry on a certain business.
one-tenth of the total profit and the remaining profit is
A partner who manages the business is called the working partner
divided among the three in the ratio of their investment.
and the one who simply invests the money is called the sleeping
IfA's total share is Rs. 369, find the shares of B and C.
partner
Solution:
Partnership is of two kinds
Iftotal profit is x, then
Simple ) Compound.
Simple partncrship: Ifthe capitals is ofthe partners are invested A's share * 1 0 1 5 + 25+ 30 ofthe balance
for the same period, the partnership is called simple.
Compound partnership: lfthe capitals ofthe partners areinvested 369
for different lengths of time, the parthership is called compound. 140 1525 30
14x+27x= 369 x 140

Ifthe period of investment is the same for each patner, then X= 369x1409x140 1260
the profit or loss is divided in the ratio of their investments.
IfA and B are partners in a business, then 260 =Rs. 405
B'sshare =
Loss of A
InvestmentofA Profitof A 6 9x1260
Investment of B Profit of B Loss of B C's share = = Rs. 486
14
IfA, B and C are partners in a business, then
Investment ofA: Investment of B: Investment of C
= Profit of A: Profit of B: Profit of C, or
Example 3:
A and B invested in the ratio 3: 2 ih a business. If 5% of the
=Loss of A: Loss of B: Loss ofC total profit goes to charity and A's share is Rs. 855, find the
total profit.
Example : Solution
Three partner Rahul, Puneet and Chandan invest Rs. Let the total profit be Rs. 100.
1600, Rs. 1800 and Rs. 2300 respectively in a business. Then, Rs. 5 goes to charity.
How should they divide a profit of Rs. 399 ?
Now, Rs.95 is divided in the ratio3:2

Solution: 95
A s share j = RS.S7
3+
Profit istobe divided in the ratio l6: 18:23
But A's actual share is Rs. 85.
16
Rahul's share of profit T6+18+23 99
100
Actual total profit 855 Rs. 1500

399 Rs.112
57
MONTHLY EQUIVALENTINVESTMENT
Puneet's share of profit x 399= Rs. 126 It is the product of the capital invested and the period for which it
57
is invested.
3 If the period of investment is different, then the profit or loss is
Chandan's share of profit 399=Rs.161
57 divided in the ratio of their Monthly Equivalent Investment.
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Monthly Equivalent Investment A MATHEMATICAL SKILLS

Monthly Equivalent Investment of
of B 15
Bwould have to
pay o f the rent =xS70
Profit of A Loss ofA = Rs. 225

Profit of B Loss of B and Cwould have to pay ieof the rent

I.e., Investment of A x Period of Investment 19
Investment of Bx
of A
Period of Investment of B
=570 Rs 240
19
Prolit of A Loss ofA Example 6
Protit of B Loss of B Shekhar started a business investing Rs. 25,000 in 1999. in
If A, B and C are 2000, he invested an additional amount of Rs.
partners in a business, then I0,000 and
Menthly Equivalent Investment of A : Monthly Rajeev joined him with an amount of Rs. 35,000. In 2002.
Investment of B Monthly Equivalent Shekhar invested anothier additional amount
of Rs. 10,000
=
Equivalent Investment of C
Profit ofA: Profit of B: Profit and Jatin joined them with an amount of
Rs. 35,000. What
of C will be Rajeev's share in the
profit of Rs. 1,50,000 earned at
=
Loss of A: Loss of B: Loss
of C the end 3
of years fron the start of the business in 1999"
Example 4:
(a) Rs. 45.000 (b) Rs. 50,000
A and B start a business. A
invests Rs. 600 more than B for (c) Rs. 70.000
4 months and B for 5 (d) Rs.75,000
months. A's share is Rs. 48 more than Solution
that of B, out of a total profit of Rs. 528. Find the
capital (b) Ratio of Shekhar, Rajecv and Jatin's investments
contributed by each.
Solution: 25000x 36+10000x 24+ 10000x
12:35000x24:35000x 12.
B's profit 528-48R .240 25 36+ 10 24 + 10x 12:35x24:35 12
25x3+ 10*2+10x1:35x2:35x
A's profit 528-240 Rs. 288
75+20+10:70:35
A's capitalx 4 288 6
105 70:35, i.e. 3 :2:1
B's capitalx5 240 5

Rajeev's share in the profit=x150000 =Rs. 50000

A's capital653
B's capital 54 2
B's capital+600 3 Exanple 7:
B's capital 2 A began a business with Rs 4500 and was joined afterwards
B's capital = Rs. 1200 and A'scapital= Rs. 1800 by B with Rs 5400. If the profits at the end of year was
divided in the ratio 2: ! then Bjoined the
Example 5: business after
Three persons A. B, C rent the (a) S month (b) 4 months
grazing of a park for Rs. 570.
A puts in 126 oxen in the park for 3 months, B (c) 6 months (d) 7 months
puts in 162
oxen for S months and C in 216 Solution:
puts oxen months. What for 4
part of the rent should each person pay? (d) Let Bjoined ater x months.
Solution: Then. 4500 * 12:5400 x (12-x) =2:1
Monthly equivalent rent ofA = 126x 3 =378
Monthly equivalent rent ofB = 162 x 5 = 810 4500x12 2
Monthly equivalent rent of C = 216 x 4 864 5400x(12-x)
.. Rent is to be divided in the ratio 378:810:864,ie.
7:15:16 45x12
A would have to pay of the rent 54x(12-x)
7+15+16

Rof the rent =x570 = Rs. 105

38
of12-x
or x=7 months
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Example 8
Example 11
A sum of Rs. 3115 is divided among A, B and C so that if Rs A, B and Centered into partnership, and provided
25, Rs. 28 and Rs. 52 be diminished from their shares capitals of
Rs. 22,000, Rs. 26,000 and Rs. 34,000 respectively.
Some
respectively, the remainders shall be in the ratio 8 15 20 months later Rs. 10,000 exira capital being needed, it was
Find the share of each.
supplied by B. At the end of 12 months the total profit was
Solution
Rs.50,274, and A's share was Rs. 12,474 When did Bsupply
(A'sshare-25): (B's share 28): (C's share- 52)= 8:15:20 the extra capital ?
A's share-25 B's share-28 Solution:
1S A's total capital in partnership is 22000 * 12 264000.

C's share - 52
B's totalis 26000 12= 312000
=k (say) C's total is 34000 12 408000
20
A's share -25 8k Let B invested Rs. 10000 for x months then this amount will
A's share 8k + 25 be 10000x
Similarly, B's share = 15k+ 28 and C's share = 20k 52 Totalamountis264000+312000+ 408000+ 10000x
Sk+25+ 15k+28k+20k+52= 3115 984000+ 10000x
k=70
264000
Agets Rs. 585, Bgets Rs. 1078 and C gets Rs. 1452. Then, X =8
984000+ 10000x 50274
Example 9: So B supply the extra capital after 4 months.
A, B and C enter into a
partnership. A advances Rs.1200 for 4
months, B gives Rs.1400 for 8 months and C Rs.1000 for 10 Etample 12:
months. They gain Rs.585 Two partners invested Rs.1250 and Rs.850 respectively in a
each.
altogether. Find the share of profit
business, they decided to distribute equally 60% ofthe profit,
Solution and the remaining as the interest on their capital. If one
Monthly Equivalent Investment of A= 1200 x 4=4800
receives Rs.320 more than the other, find the total profit
Monthly Equivalent Investment ofB= 1400 x8= 11200 Solution
Monthly Equivalent Investment of C= 1000x 10= 1000 Ifthe total profit is 100x, each gets 30x as equal distribution.
Profit is divided in the ratio 48: 112: 100, i.e., 12:28:25 Balance profit of40x is divided in the ratio of capital
A'sshare of profit is 1265 x585 Rs.108
= 1250:850-25: 17

25 17
One
28 partner gets40xandthe other getsx40x
2
B'sshare ofprofit isx585- Rs.252
25 17
25 This difference40x-40x=320.
42
C's shareof profit isx585 Rs.225
8
Example 10: ie,x40x
42 =320
Three man A, B and C subscribe Rs.4700 for a business. A x 42 Totalprofit= Rs.4200.
subscribes Rs.700 more than B and B Rs.500 more than C.
How much will each receive out of a profit of Rs.423?
Solution:
Example 13
A, B and C start a business by investing Rs.2000, Rs.3000
IfC subscribes Rs.x, then,
and Rs.4000 respectively. But B increases his investment to
B subscribes
Rs.(x + 500) and A subscribes Rs.(x + 1200) Rs4000 after4 months and Cwithdraws Rs. 1000 attheend of
3x+1700=4700; x=Rs.1000
Ratio of profits of C, B and A = 1000: 1500: 2200 9 months. What is A's share out of a total profit of Rs.8475
i.e. 10:15:22 earned in a year?
Solution:
10 A's Monthly Equivalent Investment (2000 x 12)
.C'sshare of profit=x 423 Rs99
B's MonthlyEquivalentInvestment (30004+4000x 8)
15 C's MonthlyEquivalentInvestment =(4000x9+3000x 3)
. B's share of profit x423 = Rs.135
Profitsharingratio =24000:44000:4500024:44:45
24
.A'sshare 8475 =24 x75 Rs.1800.
A'sshare of profit=x423 Rs.198
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Example 14: Solution: share
7 times C'S
5 times B's share
=

A started a business with a certain amount of money. After a 4 times A's share =

few months B became his A's share B's share C's share
partner, contributing three times
what A had contributed. At the end of the 20
year, each was 35 28
entitled to half the total profit. When did B 140)
join as a partner? (dividing by LCM of 4,5 and 7, ie.,
Solution A:B:C 35 28:20
If A's share of capital was Rs. x, B's share was Rs. 3x. A's
35 581 =Rs.245
capital was in the business for 12 months, and let us assume Share otA 35+28+20
that B's capital was in it for n months.

xx12-3x (m) ShareofB= 581 Rs.196

n4
B joined 8 months after A started.
ShareofC 581 Rs.140

Erample 15:
A and B enter into a partnership. A puts in Rs. 2000 but at the Example 17 months. A
A and B continued in a joint business for 36
endof3 months, withdraws Rs. 500 and again at the end of8 invests Rs. 500
contributes Rs. 300 for a certain time and B
months withdraws Rs. 360. Out of a total profit of Rs. 900 at of Rs. 1,020 A
the end of the year, B's share was Rs. 400. Find B's capital.
for the remaining period. Ifout ofatotal profit
gets Rs. 495 for how long did B keep his money
Soluton: Solution
contributes for (36-x)
Ratioofprofits=(A's Rs. 2000 for 3 months)+(A's Rs. 1500 LetAcontributes for x months than B
forSmonths) (A's Rs. 1200for 4months): (B'scapital x for months.
12 months) 3x
Xx300
Ratio of A's part to B's part (36-x) 500 180-5x
- (6000+7500+4800): 12x =18300 500
12x 400 Then part of A in the profit of

1525 5 3x 495
XRs. 1220 Rs.1020-1020x-3x +180-5x
X

So B'scapital= Rs. 1220 4U 495 3060x =495 (180-2x)

180-2x
3060x=89100-990x
Example 16:
4050x-89100
Divide Rs.581 among A, B and C such that four times A's
89100
share is equal to 5 times B's share which is equal to seven 22
4050
times C's share.
So, B contributes for (36-22)= 14 months

EXERCISEA
Atul and Babita enter into a business partnership in which what was Kapil's share in it?
Atul contributes Rs 2000 for 9 months and Babita contributes
Rs 5000 for 7 months. A profit of Rs 1100 will be
(a) Rs2,000 (b) Rs2,600
divided (c) Rs 1900 Rs 2300
between Atul and Babita in the ratio of : y

4 3. In a business, A, B and C invested Rs 380, Rs 400 and

(a) 6:11 (6) 12:15 Rs 420 respetively. Divide a net profit of Rs 180 among the
(c) 7:8 18:35 partners. Find the share of profit ofA, B and C.
2 Nirmal and Kapil started a business investing Rs 9,000 and (a)Rs 50,Rs 62, Rs 68 (b) Rs 55, Rs 60, Rs 65
Rs 2,000 respectively. After 6months, Kapil withdrew half R s $7, Rs 60, Rs 63
(d) Rs 56, Rs 60, Rs4
of his investment. Ifafter a year, the total profit was Rs 4,600,