Aptitude - Partnership - Discussion

Discussion Forum : Partnership - General Questions (Q.No. 14)
14.
Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?
Rs. 9,423
Rs. 10,250
Rs. 12,500
Rs. 10,500
Answer: Option
Explanation:

Simran : Nanda = (50000 x 36) : (80000 x 30) = 3 : 4.

Simran's share = Rs. 24500 x 3 = Rs. 10,500.
7
Discussion:
29 comments Page 1 of 3.

Pritish Sahu said:   8 years ago
@Kiransai.

Have to understand Nanda joined after six months means, this 6 month will be deducted from the total time period. And from the starting of the company simran was in the business for 3 years. That means simran was in the business for 36 months and nanda joined after 6 month means (36-6). Which is 30 months? I hope this will help you.
(6)

Siva Sundararajan said:   2 decades ago
Hi Navneet Sama,

Take a look at the below lines:

Simran invested Rs. 50,000 for 36 months (3 years).

Nanda invested Rs. 80,000 for 30 months only (bcz he joined 6 months later, so 36 - 6 = 30 months).

Therefore, the ratio of their contribution is

= (Simran's Invested Amount X No. of Months) : (Nanda's Invested Amount x No. of months)

= (50,000 x 36) : (80,000 x 30)

= 18,00,000 : 24,00,000

= 18 : 24

= 3 : 4 (I hope this is what you expected).

Now, Total contribution is (3 + 4) = 7.

This means that
1. Simran's contribution is (3 out of 7) = 3/7.
2. Nanda's contribution is (4 out of 7) = 4/7.

If profit is Rs.7 means, Simran will take Rs. 3 and nanda will take Rs. 4.

If profit is Rs. 24,500, then Simran will take 24,000 x 3/7 = Rs. 10,500.
(3)

Yogini tembe said:   7 years ago
How 80000*30 comes?
(2)

Rohan said:   2 years ago
Thanks everyone for explaining the answer in detail.
(1)

Saumyojit said:   6 years ago
Is Simran investing the given money every month of 36 months then * 36 or Simran is investing that money for 3 years only then for 36 months rs 50, 000?
(1)

Jahnavi said:   6 years ago
Thanks all for your explanation.
(1)

KIarks said:   8 years ago
It's confusing, first, Simran started company, after 6 months, Nanda joined, and after three year, they earned profits. Why is not counting month of Sirman (6+ (12*3) =42 and Nanda (12*3) =36?

Please explain.
(1)

Shreya said:   8 years ago
P, Q, R enter into a partnership & their share is in the ratio 1/2:1/3:1/4, after two months, P withdraws half of the capitals & after 10 months, a profit of Rs 378 is divided among them. What is Q's share?

Please share why the investment has taken 12 months whereas the profit counted after 10 months.
(1)

Chesta said:   8 years ago
A, B and C enter into partnership by making investments in the ratio 3 : 5: 7. After a year, C invests another Rs 337600 while A withdraws Rs 45600. The ratio of investments then changes to 24 : 59 : 167. How much does A invest initially?

Can anyone solve this?
(1)

Rachael Amoah said:   9 years ago
Bhagatsingh it is 36 months because 12 months make a year and the year given was 3 years.

So, 3 * 12 months = 36 months.
(1)


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