Partnership Formula For Bank Exams: Download PDF
May 16 2023
Partnership Formula For Bank Exams: Partnership formula pdf for bank exams is provided here. In this partnership formula for bank exams article, you can practice sums with examples. Candidates who are looking forward for the partnership formula pdf can utilise this article. Partnership formula pdf for bank exams will improve your speed. Partnership is one of the most important topics in the quantitative aptitude section of the bank exams. In most of the bank exams like sbi clerk, sbi po, ibps clerk, ibps po, rrb po, rrb clerk and other insurance exams, partnership formula pdf plays a significant role. So candidates must be familiar with the partnership formula aptitude pdf to maximise their scores in the bank exams. The partnership formulas for aptitude will help you to understand the concept and make your calculations easier while solving the partnership questions in the bank exams and other competitive exams.
In this partnership formulas for bank exams article we have given the detailed explanations about the basic concepts of partnership, types of partnership, the various partnership formulas, partnership formulas with examples by using the partnership formulas. Aspirants shall go through this partnership formula for bank exams article or download the partnership formula pdf to be proficient with the partnership formulas for bank exams.
Partnership Formulas PDF For Bank Exams
Partnership formula pdf for bank exams is attached in this partnership formula for bank exams post. Candidates must devote some time to practice various types of questions by using this partnership formulas which is enclosed in the partnership formulas pdf to get good marks in the bank exams and other competitive exams with speed and accuracy. This partnership formulas pdf contains the important partnership formulas, simple partnership formula, compound partnership formula, partnership formula with examples and more.
Download partnership formula pdf for bank exams
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What is Partnership?
The brief definition of partnership which is asked in bank exams is given in this partnership fomulas article. A partnership is whenever at least two or more individuals join hands with a shared objective to achieve benefits. Each member contributes either time, cash, or licenses to enable the association firm to harvest benefits. By making use of the partnership formulas pdf you will be proficient with the partnership topic which is frequnently asked in various competitive examinations. For your future reference you can download the partnership formulas pdf.
The partner who invests only money is called a Sleeping Partner and a partner who invests money and also manages the business is called the working partner.
Types of Partnership
There are two types of partnership. They are, simple partnership and compound partnership. The detailed explanation of simple and compound partnership is given below in this partnership formula for bank exams article.
- Simple Partnership: In Simple partnerships, all the resources are invested for the same time period by all the investors i.e. the capital (or other resources) stays in the business for the same duration. In this, the profit is distributed in proportion of their contributed resources. Here we have given the simple partnership formula for your bank exams.
Simple Partnership Formula
If P and Q contributed Rs. a and b respectively for one year in business, then their profit or loss at that time will be:
P’s benefit (or misfortune) : Q’s profit(or misfortune) = a : b
- Compound Partnership
In a compound partnership, the money is invested during different periods of time by multiple investors. The benefit-sharing proportion is ascertained by duplicating the capital contributed with the unit of time (generally months). Here we have given the compound partnership formula for your bank exams.
Compound Partnership Formula
P1 : P2 = C1 × T1 : C2 × T2
P1 = Partner 1’s Profit.
C1 = Partner 1’s Capital.
T1 = Time period for which Partner 1 contributed his capital.
P2 = Partner 2’s Profit.
C2 = Partner 2’s Capital.
T2 = Time period for which Partner 2 contributed his capital
Important Partnership Formulas For Bank Exams
Here we have added the important partnership formulas in this partnership formulas post. Candidates should be familiar with these partnership formulas to solve various types of questions easily. You can download the partnership formula pdf for bank exams for your future reference.
- When investments of all the partners are at the same time, the pofit or loss is distributed among the partners in the ratio of their investments.
For example, A and B invest Rs. x and Rs. y respectively for a year in a business, then at the end of the year:
(A’s share of profit) : (B’s share of profit) = x : y.
- When investments for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital x number of units of time). Now profit or loss is divided in the ratio of these capitals.
For example, A invests Rs. x for p months and B invests Rs. y for q months then,
(A’s share of profit) : (B’s share of profit)= xp : yq
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Partnership Formula With Examples
We are come up with some solved partnership formula with examples by using the partnership formulas. Candidates can make use of these partnership formula with examples to solve more questions related to these examples by using the partnership formulas. With the reference of these partnership formulas with examples you can have the ability to solve partnership questions easily by using the partnership formulas.
Practice partnership questions - Free pdf
Example 1: P, Q, R subscribe to Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q subscribes Rs. 5000 more than R. Out of a total profit of Rs. 35,000, what is P’s profit?
Solution: Let C = x.
Then, Q = x + 5000 and P = x + 5000 + 4000 = x + 9000.
So, x + x + 5000 + x + 9000 = 50000
=> 3x = 36000
=> x = 12000
P : Q : R = 21000 : 17000 : 12000 = 21 : 17 : 12.
So P’s share = Rs. (35000 x 21/50) = Rs. 14,700
Example 2: Three partners P, Q, and R started a business. Q’s Capital is four times R’s capital and twice P’s capital is equal to thrice Q’s capital. If the total profit is Rs 16500 at the end of a year, Find out Q’s share in it.
Solution: Suppose R’s capital = x then
Q’s capital = 4x (Since Q’s Capital is four times R’s capital)
P’s capital = 6x ( Since twice P’s capital is equal to thrice Q’s capital)
P : Q : R =6 x : 4x : x
= 6 : 4 : 1
Q’s share = 16500 * (4/11) = 1500*4 = 6000
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Partnership Formula PDF For Bank Exams FAQs
Q. What is the simple partnership formula?
A. The simple partnership formula is,
P’s benefit (or misfortune) : Q’s profit(or misfortune) = a : b
Q. What is the compound partnership formula ?
A. The compound partnership formula is,
P1 : P2 = C1 × T1 : C2 × T2
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