Aptitude test : partnership shortcuts and tricks

Partnership is an association of two or more persons who put their money together in order to carry on a certain business.

It is of two kind:
  1. Simple 
  2. Compound
Simple partnership: if the capitals of the partnership are invested for the same period , the partnership is called simple otherwise its calls compound.


Tricks  &  Formula


    A’s capital*A’s time in partnership                         A’s Profit
   …………………………………....................       =               ……………
    B’s capital*B’s time in partnership                       B’s Profit
Example:

 Manoj and raj enter into a speculation. Manoj puts in rs. 50 and raj puts in rs. 45 at the end of 4 months manoj withdraws half of his capitals. Piyush then enter with capital of rs. 70 . at the end of 12 month in what ratio will the profit be divided.

= 50*4+25*8 : 45*6+45*6:70*8
= 400:405:560
=80:81:112