Examples of Partnership 2
In this class, We discuss Examples of Partnership 2.
The reader should have the basics of partnership examples. Click Here.
Example 1:
A, B, and C started a business, each investing Rs 20000.
After five months, A withdrew 5000, B withdrew 6000, and C invested Rs 6000 more.
They got a total profit of Rs 69900 at the end of the year. Find the share of each.
Solution:
Ratio of each = 20000*5 + 15000*7: 20000*5 + 14000*7: 20000*5 + 26000*7
= 205: 212: 282
A’s share = 69900 * (205/699) = 20500
B’s share = 69900 * (212/699) = 21200
C’s share = 69900 * (282/699) = 28200
Example 2:
A, B, and C enter into a partnership.
A invests three times as much as B. B invests 2/3rd of what C invests.
At the end of year profit earned is 6600. What is the share of B?
Solution:
Let C’s capital be x.
B’s capital is 2x/3.
A’s capital = 3 * (2x/3) = 2x
Ratio of capitals = 2x: 2x/3: x
= 6: 2: 3
B’s share = (2/11) * 6600 = 1200