PARTNERSHIP

PARTNERSHIP

Two or more persons put their money on business and share their profit on the business based on their investment money and time period .

Capital-The investment

(A's capital * A's time in partnership)/(B's capital * B's time in partnership)=(A's Profit)/(B's Profit)

Arun invested an amount of Rs.25000 and started a business, Jadeja joined him after one year with an amount of Rs.30000,After two years from starting the business they earned the profit of Rs.46000.

What will be jadeja's share in the Profit?

We cut out last 3 digit

A=25*2=50

J=30*1=30

A:J=5:1

Profit=46

5+1=6

46/6=7.66

A's profit=5*7.66

J's profit=1*7.66

A and B started business with Rs.3000 and Rs.4000 Respectively.after 8 months A withdraws Rs.1000 and B advances Rs.1000 more.At end of the year,their profit amount to Rs.630.Then the share of A is?

A=30

B=40

A=30*8 + 20*4=240+80=320(8 month+4 month)

B=40*8+50*4=320+200=520(8 month+4 month)

A:B=32:52=8:13

8+13=21

630/21=30

A's profit=8*30=240

B's profit=13*30=390

Total=630