{"id":103030,"date":"2024-07-21T22:00:30","date_gmt":"2024-07-21T16:30:30","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=103030"},"modified":"2024-07-21T22:00:32","modified_gmt":"2024-07-21T16:30:32","slug":"partnership-for-ibps-rrb-exam","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/partnership-for-ibps-rrb-exam\/","title":{"rendered":"Partnership For IBPS RRB 2024 Exam, Check Important Questions"},"content":{"rendered":"\n

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Home<\/a><\/span> \u00bb Banking & Insurance<\/a><\/span> \u00bb Partnership For IBPS RRB 2024 Exam<\/span><\/span><\/div>\n\n\n

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Partnership For IBPS RRB 2024 Exam: <\/strong>The concept of partnership is an important topic in the Quantitative Aptitude section of IBPS RRB (Institute of Banking Personnel Selection Regional Rural Banks) exam. This article helps you to score good marks in cracking IBPS RRB 2024 exam so we are providing a comprehensive startup on partnership concepts, types, formulas and problem-solving strategies for partnership concept so that all the candidates can understand this concept well and score good marks.<\/p>\n\n\n\n

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Take 1 Free Mock Test & Measure Your Performance in Numbers<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

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What is Partnership?<\/h2>\n\n\n\n

A partnership is a business arrangement where two or more persons invest in a business and share profits and losses in an agreed ratio. The key elements in partnership problems are capital investment, period of investment and profit-sharing ratio.<\/p>\n\n\n\n

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IBPS Clerk 2024 Notification- Click to Check<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

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Important Practical Question For Partnership <\/h2>\n\n\n\n

Question 1:<\/strong> X, Y, and Z together started a business by investing combined capital of Rs. 184000. The initial capitals of Y and Z were Rs. 16000 and Rs. 40000, respectively less than the initial capital of X. If Y withdrew Rs. 10000 at the end of 3rd<\/sup> month and his share of 1st<\/sup> year\u2019s profit of Rs. \u2018a\u2019 was Rs. 2260. What was the 1st<\/sup> year\u2019s profit?<\/p>\n\n\n\n

A) Rs. 8200<\/p>\n\n\n\n

B) Rs. 7060<\/p>\n\n\n\n

C) Rs. 8040<\/p>\n\n\n\n

D) Rs. 7410<\/p>\n\n\n\n

E) None of the above<\/p>\n\n\n\n

Question 2:<\/strong> A, B, and C stared a business with initial investments of Rs. \u2018x\u2019, Rs. \u2018x + 200\u2019, and Rs. \u2018x + 600\u2019, respectively. After one year A, B, and C made additional investments of Rs. 200, Rs. 300, and Rs. 300, respectively. Find the value of \u2018x\u2019 if the profit share of A out of the total profit of Rs. 5,728 after two years is Rs. 1,432.<\/p>\n\n\n\n

A) Rs. 500<\/p>\n\n\n\n

B) Rs. 700<\/p>\n\n\n\n

C) Rs. 900<\/p>\n\n\n\n

D) Rs. 1,300<\/p>\n\n\n\n

E) None of these<\/p>\n\n\n\n

Question 3:<\/strong> Rahul and Vikash invest capital in a business in the ratio 3:2 respectively. If x% of the total profit goes to an orphanage and Rahul’s share is Rs. 12672 out of the total profit of Rs. 24000, then find the value of \u2018x\u2019.<\/p>\n\n\n\n

A) 10%<\/p>\n\n\n\n

B) 12%<\/p>\n\n\n\n

C) 8%<\/p>\n\n\n\n

D) 15%<\/p>\n\n\n\n

E) None of these<\/p>\n\n\n\n

Question 4:<\/strong> Mahesh and Venketesh together started a business with the initial investment in the ratio of 5:x, respectively. Dhanush joined them after 3 months of the start of the work with initial investment equal to the average initial investment of Mahesh and Venketesh combined. If at the end of year, Venketesh received Rs. 3200 as profit out of total profit of Rs. 9900, find the value of \u2018x\u2019.<\/p>\n\n\n\n

A) 3<\/p>\n\n\n\n

B) 4<\/p>\n\n\n\n

C) 5<\/p>\n\n\n\n

D) 6<\/p>\n\n\n\n

E) 8<\/p>\n\n\n\n

Question 5:<\/strong> Prabhas and Samantha started a production house together with an initial investment of Rs. (18000 + x) and Rs. (19000 + 3x) respectively. After a year, if Samantha received a profit of Rs.32000 out of a total profit of Rs. 56000, then find the value of \u2018x\u2019.<\/p>\n\n\n\n

A) Rs. 3500<\/p>\n\n\n\n

B) Rs. 2400<\/p>\n\n\n\n

C) Rs. 4200<\/p>\n\n\n\n

D) Rs. 3600<\/p>\n\n\n\n

E) None of these<\/p>\n\n\n\n

Question 6:<\/strong> Sita and Urmila started a business together with investments of Rs. 3600 and Rs. 2400, respectively. After (x – 1) months, Radhika joined them with an investment of Rs. 3200. If after completion of 1 year of business, Urmila received Rs. 800 as profit out of total profit of Rs. 2800, find the value of x.<\/p>\n\n\n\n

A) 2<\/p>\n\n\n\n

B) 3<\/p>\n\n\n\n

C) 4<\/p>\n\n\n\n

D) 5<\/p>\n\n\n\n

E) 6<\/p>\n\n\n\n

Question 7:<\/strong> A and B started a business together with an investment of Rs. 2400 and Rs. 3000, respectively. After 3 months, C joined them with an investment 25% less than the initial investment of A. If after a year, they received a total profit of Rs. 9000, then what is the share of B?<\/p>\n\n\n\n

A) Rs. 2000<\/p>\n\n\n\n

B) Rs. 2400<\/p>\n\n\n\n

C) Rs. 3200<\/p>\n\n\n\n

D) Rs. 4000<\/p>\n\n\n\n

E) Rs. 4800<\/p>\n\n\n\n

Question 8:<\/strong> Prashant and Dixit together started a carpentry shop with initial investment in the ratio of 31:x respectively. After 3 months, Nitin joined them such that the ratio of initial investment of Dixit to Nitin is 2x:75. If after a year, Prashant received Rs. 4960 out of total profit of Rs. 16980, find the value of \u2018x\u2019.<\/p>\n\n\n\n

A) 31<\/p>\n\n\n\n

B) 37<\/p>\n\n\n\n

C) 41<\/p>\n\n\n\n

D) 47<\/p>\n\n\n\n

E) 53<\/p>\n\n\n\n

Question 9:<\/strong> A, B and C started a business with initial investments of Rs. 4,000, Rs. 4,500 and Rs. 5,500 respectively. After one year, A, B and C made additional investments of Rs. (x \u2013 500), Rs. (x + 1000) and Rs. (x + 1500) respectively. Find the profit share of B out of the total profit of Rs. 7,560 after two years.<\/p>\n\n\n\n

A) Rs. 2,520<\/p>\n\n\n\n

B) Rs. 1,890<\/p>\n\n\n\n

C) Rs. 1,540<\/p>\n\n\n\n

D) Rs. 1,260<\/p>\n\n\n\n

E) Can\u2019t be determined<\/p>\n\n\n\n

Question 10:<\/strong> Ajay, Vijay and Manoj started a business with initial investments of Rs. 11,000, Rs. 13,000 and Rs. 15,000 respectively. After one year, Ajay, Vijay and Manoj made additional investments of Rs. (x + 1500), Rs. (x + 1000) and Rs. (2x \u2013 500) respectively. Find the value of \u2018x\u2019, if the profit share of Vijay after two years out of the total profit of Rs. 14,175 is Rs. 4,725.<\/p>\n\n\n\n

A) Rs. 1,000<\/p>\n\n\n\n

B) Rs. 800<\/p>\n\n\n\n

C) Rs. 1,200<\/p>\n\n\n\n

D) Rs. 1,600<\/p>\n\n\n\n

E) Rs. 1,500<\/p>\n\n\n\n

Solution 1: B)<\/strong><\/p>\n\n\n\n

Let X\u2019s initial capital be Rs. \u2018x\u2019. Then the initial capitals of Y and Z would be Rs. \u2018x \u2013 16000\u2019 and Rs. \u2018x \u2013 40000\u2019 respectively. So,<\/p>\n\n\n\n

(x) + (x \u2013 16000) + (x \u2013 40000) = 184000<\/p>\n\n\n\n

3x \u2013 56000 = 184000<\/p>\n\n\n\n

x = Rs. 80000<\/p>\n\n\n\n

So, initial capital of X, Y and Z are Rs. 80000, Rs. 64000 and Rs. 40000, respectively.<\/p>\n\n\n\n

Profit sharing ratio between X, Y and Z at the end of the year<\/p>\n\n\n\n

= [80000 \u00d7 12] : [64000 \u00d7 3 + 54000 \u00d7 9] : [40000 \u00d7 12]<\/p>\n\n\n\n

= 960000 : 678000 : 480000<\/p>\n\n\n\n

= 160 : 113 : 80<\/p>\n\n\n\n

According to the question,<\/p>\n\n\n\n

(113\/353) \u00d7 a = 2260<\/p>\n\n\n\n

So, a = Rs. 7060<\/p>\n\n\n\n

Hence, option b.<\/p>\n\n\n\n

Solution 2: E)<\/strong><\/p>\n\n\n\n

Ratio of their investments = x + x+ 200 : x + 200 + x + 200 + 300 : x + 600 + x + 600 + 300<\/p>\n\n\n\n

= 2x + 200 : 2x + 700 : 2x + 1500<\/p>\n\n\n\n

So according to question: (2x + 200)\/(6x + 2400) = 1432\/5728<\/p>\n\n\n\n

(x + 100)\/(3x + 1200) = 1\/4<\/p>\n\n\n\n

4x + 400 = 3x + 1200<\/p>\n\n\n\n

x = 800<\/p>\n\n\n\n

So, the value of \u2018x\u2019 = Rs. 800<\/p>\n\n\n\n

Hence, option e.<\/p>\n\n\n\n

Solution 3: B)<\/strong><\/p>\n\n\n\n

Given, total profit earned = Rs. 24000<\/p>\n\n\n\n

Profit earned by Rahul = Rs. 12672<\/p>\n\n\n\n

According to question,<\/p>\n\n\n\n

(100 \u2013 x)% of 24000 \u00d7 (3\/5) = 12672<\/p>\n\n\n\n

(100 \u2013 x)% of 24000 = 21120<\/p>\n\n\n\n

(100 \u2013 x)% = 21120\/24000<\/p>\n\n\n\n

100 \u2013 x = 88<\/p>\n\n\n\n

x = 12%<\/p>\n\n\n\n

Hence, option b. <\/p>\n\n\n\n

Solution 4: B)<\/strong><\/p>\n\n\n\n

Ratio of Investment of Mahesh: Venketesh: Dhanush = 5: x: (5 + x)\/2 = 10: 2x: (5 + x)<\/p>\n\n\n\n

Ratio of profit share of Mahesh: Venketesh: Dhanush = (10 \u00d7 12): (2x \u00d7 12): {(5 + x) \u00d7 9}<\/p>\n\n\n\n

= 40: 8x: 3(5 + x)<\/p>\n\n\n\n

According to question,<\/p>\n\n\n\n

8x\/[40 + 8x + 3(5 + x)] = 3200\/9900<\/p>\n\n\n\n

8x\/[55 + 11x] = 32\/99<\/p>\n\n\n\n

792x = 1760 + 352x<\/p>\n\n\n\n

440x = 1760<\/p>\n\n\n\n

x = 4<\/p>\n\n\n\n

So, the value of \u2018x\u2019 is 4.<\/p>\n\n\n\n

Hence, option b.<\/p>\n\n\n\n

Solution 5: E)<\/strong><\/p>\n\n\n\n

Ratio of profit share of Prabhas: Samantha = (18000 + x): (19000 + 3x)<\/p>\n\n\n\n

According to question,<\/p>\n\n\n\n

(19000 + 3x) \/ (19000 + 3x) + (18000 + x) = 32000\/56000<\/p>\n\n\n\n

(19000 + 3x) \/ (37000 + 4x) = 4 \/ 7<\/p>\n\n\n\n

133000 + 21x = 148000 + 16x<\/p>\n\n\n\n

5x = 15000, x = 3000<\/p>\n\n\n\n

So, the value of \u2018x\u2019 is Rs. 3000<\/p>\n\n\n\n

Hence, option e.<\/p>\n\n\n\n

Solution 6: C)<\/strong><\/p>\n\n\n\n

Ratio of profit share:<\/p>\n\n\n\n

Sita: Urmila: Radhika = (3600 \u00d7 12): (2400 \u00d7 12): {3200 \u00d7 (12 \u2013 x + 1)} = 27: 18: 2(13 \u2013 x)<\/p>\n\n\n\n

According to question,<\/p>\n\n\n\n

18\/ [27 + 18 + 2(13 \u2013 x)] = 800\/2800<\/p>\n\n\n\n

18 \u00d7 7 = 90 + 52 \u2013 4x<\/p>\n\n\n\n

4x = 142 \u2013 126<\/p>\n\n\n\n

4x = 16<\/p>\n\n\n\n

x = 16\/4 = 4<\/p>\n\n\n\n

Hence, option c.<\/p>\n\n\n\n

Solution 7: D)<\/strong><\/p>\n\n\n\n

Investment of C = (100 \u2013 25)% of 2400 = 0.75 \u00d7 2400 = Rs. 1800<\/p>\n\n\n\n

Ratio of Profit Share:<\/p>\n\n\n\n

A: B: C = (2400 \u00d7 12): (3000 \u00d7 12): (1800 \u00d7 9) = 28800: 36000: 16200 = 16: 20: 9<\/p>\n\n\n\n

Therefore, profit share of B = [20\/ (16 + 20 + 9)] \u00d7 9000 = Rs. 4000<\/p>\n\n\n\n

Hence, option d.<\/p>\n\n\n\n

Solution 8: D)<\/strong><\/p>\n\n\n\n

Ratio of initial investments of Prashant: Dixit: Nitin = 62: 2x: 75<\/p>\n\n\n\n

Ratio of profit share of Prashant: Dixit: Nitin = (62 \u00d7 12): (2x \u00d7 12): (75 \u00d7 9) = 248: 8x: 225<\/p>\n\n\n\n

According to question,<\/p>\n\n\n\n

248\/ (248 + 8x + 225) = 4960\/16980<\/p>\n\n\n\n

473 + 8x = 849<\/p>\n\n\n\n

8x = 376, x = 47<\/p>\n\n\n\n

So, the value of \u2018x\u2019 is 47.<\/p>\n\n\n\n

Hence, option d.<\/p>\n\n\n\n

Solution 9: A)<\/strong><\/p>\n\n\n\n

Ratio of the investment of A: B: C = (4000 + 4000 + x \u2013 500) : (4500 + 4500 + x + 1000) : (5500 + 5500 + x + 1500)<\/p>\n\n\n\n

= (7500 + x) : (10000 + x) : (12500 + x)<\/p>\n\n\n\n

Profit share of B = {(10000 + x)\/(30000 + 3x)) \u00d7 7560 = Rs. 2,520<\/p>\n\n\n\n

Hence, option a.<\/p>\n\n\n\n

Solution 10: A)<\/strong><\/p>\n\n\n\n

Ratio of their investments = (11000 + 11000 + x + 1500) :(13000 + 13000 + x + 1000) : (15000 + 15000 + 2x \u2013 500)<\/p>\n\n\n\n

= (23500 + x) :(27000 + x) : (29500 + 2x)<\/p>\n\n\n\n

According to question,<\/p>\n\n\n\n

(27000 + x)\/(23500 + x + 27000 + x + 29500 + 2x) = 4725\/14175<\/p>\n\n\n\n

(27000 + x)\/(80000 + 4x) = 1\/3<\/p>\n\n\n\n

81000 + 3x = 80000 + 4x<\/p>\n\n\n\n

x = 1000<\/p>\n\n\n\n

So, the value of x is Rs. 1,000.<\/p>\n\n\n\n

Hence option a.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\n
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<\/p>\n\n\n\n

Check Related Blogs For IBPS RRB PO 2024<\/h2>\n\n\n\n
Check Related IBPS RRB PO Blogs<\/strong><\/td><\/tr>
IBPS RRB PO Syllabus 2024<\/a><\/td>IBPS RRB PO Cut Off 2024<\/a><\/td><\/tr>
IBPS RRB PO Exam Pattern 2024<\/a><\/td>IBPS RRB PO Previous Year Question Paper 2024<\/a><\/td><\/tr>
IBPS RRB PO Salary 2024<\/a><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Check Related Blogs For IBPS RRB Clerk 2024<\/h2>\n\n\n\n
Check Related Blogs For IBPS RRB Clerk 2024<\/strong><\/td><\/tr>
IBPS RRB Clerk Syllabus 2024<\/a><\/td>IBPS RRB Clerk Cut Off 2024<\/a><\/td><\/tr>
IBPS RRB Clerk Exam Pattern 2024<\/a><\/td>IBPS RRB Clerk Previous Year Question Paper 2024<\/a><\/td><\/tr>
IBPS RRB Clerk Salary 2024<\/a><\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

Partnership For IBPS RRB 2024 Exam FAQ<\/h2>\n\n\n\n
What is a Partnership in business?<\/strong><\/strong>

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.<\/p> <\/div>

How are profits shared in a Partnership?<\/strong><\/strong>

Profits in a partnership are typically shared according to the agreed-upon ratio among the partners, which could be based on their capital contributions, effort, or other factors.<\/p> <\/div>

<\/strong>

<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"

This blog provides the full concept of Partnership For IBPS RRB 2024 Exam, Candidates can check practical ques in the article below.<\/p>\n","protected":false},"author":13,"featured_media":103033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-103030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-insurance"],"yoast_head":"\nPartnership For IBPS RRB 2024 Exam, Check Important Questions<\/title>\n<meta name=\"description\" content=\"This blog provides the full concept of Partnership For IBPS RRB 2024 Exam, Candidates can check practical ques in the article below.\" \/>\n<meta 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