Partnership

When two or more individuals put their money or enter into a conventional arrangement, they are referred to as Partners, and their connection is referred to as a Partnership.

Concepts

Formulas

Practice Questions

Real-Life Applications of Partnership

Real-life examples where the concepts of Partnership is involved are:

Application 1:

Imagine you and your friend started a business. You invested 10 lakh, while your friend invested 5 lakh. The business made a profit of Rs. 12 lakhs. What would be the split of the profits?

Application 2:

Ajay and Suresh contributed Rs. 8,000 and Rs. 1,000 in a company, respectively. After seven months, one investor, Manoj, followed them with a Rs. 6,000 investment. What returns would Ajay, Suresh, and Manoj receive if the total profit at the completion of three years is Rs. 19,660?

Application 3:

Ram, George, and Atishay made an investment in a company and contributed Rs. 5000, Rs. 3000, and Rs. 7,200, respectively, with the contract that each would obtain 5% on their respective investments. And that the remainder of the company's profit, if any, would be divided among them in the proportion of the sum originally advanced. The company's total profit was Rs. 20,000; what was Ram's portion of the overall profit?

Partnership Aptitude Resources

The resources mentioned below can help you with your Partnership aptitude preparation.

1. Concepts

Learn important concepts related to Partnership. Once you begin comprehending what has to be assessed, you develop a better understanding of the nature of the questions.

2. Formulas

Learn important formulas linked to the Partnership problems that can help you answer the questions quickly and develop a greater understanding of the concepts.

3. Practice Problems

Practice sample problems related to the Partnership topic. A candidate is more likely to comprehend the concept and improve their speed and precision the more questions they practice.

FAQsFAQs

How important is the Partnership topic in placement examinations?

Partnership topic carry low weightage in the Quantitative Aptitude examinations.

Is Partnership difficult to learn?

No, Partnership topic is not difficult to understand. Students must practice Partnership on a daily basis and memorise formulas to address the problems accurately. Students must also learn different shortcuts & tricks to improve their solving speed.

What is the fastest and most effective way to learn the Partnership topic?

Students must understand the foundations and formulas of Partnership. They should be informed of the shortcuts and tricks for various types of questions on the topic. They must practice on a daily basis before taking a weekly mock exam.