Partnership is two kinds

1.Simple Partnership
2.Compound Partnership

Simple Partnership:-
If the capital of the partners are invested for the same period, the partnership is called simple.

Compound Partnership:-
If the capitals of the partnership are invested for different lengths of time, the partnership is called compound.

Types of partners:
There are two kinds of partners
1.Working partner and
2.Sleeping partner

Working partner:-
Working partner is one who manages the business

Sleeping partner:-
Sleeping partner is one who provides capital but does not attend to the business.
Note: Profit directly depends on capital and time
Profit = Capital  Time

Practice following examples

1)A,B & C invested Rs.25,000, Rs.30,000 and Rs.40,000 respectively for one year. At the end of the year they got Rs.19,950 as profit. Find the share of A in this profit?

1)Rs.1050 2)Rs.2100 3)Rs.5250 4)Rs.6300

Ans: Rs.5250

2)A,B and C invested Rs.20,000,Rs.30,000 and Rs.45,000 respectively for one year. At the end of the year they got Rs.28,500 as profit. Find the share of B in profit.

1)Rs.19000 2) Rs.9000 3)Rs.5000 4) Rs.15000

Ans: Rs.9000

3)Krishna started a business with a capital of Rs.25,000. After 3 months Rama joined with a capital of Rs.30,000. Find the share of Rama in the annual profit of Rs.20,900.

1)Rs.11000 2) Rs.4500 3) 9,900 4)Rs.13,200

Ans: Rs.9,900

4)A started a business with a capital of Rs.16,000. After 2 months B joined him with a capital of Rs.20,000. If the share of B in the annual profit is Rs.3750. Find the share of A?

1)Rs.3600 2)Rs.7200 3)Rs.5400 4)Rs.2400

Ans: Rs.3600

5)In a business the investments of A&B are in the ratio of 3:2 and the period of their investments are in the ratio of 4:5. In which ratio should the profit be divided between them?

1)15:8 2)6:5 3)5:6 4)Data inadequate

Ans: 6:5

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