When a business is run by two or more persons, it is known as partnership and the people

who are running the business are called partners. We have the following four cases in
partnership

Case 1 :
If all the partners invest equal amount for same time period then the profit is divided equally
among them.
Case 2 :
BUSINESS MATHEMATICS If all the partners invest equal amount for different time period, then the profit is divided
among them in the ratio of time period.
Learning Worksheets Case 3 :
If all the partners invest different amount for same time period, then the profit is divided
among them in the ratio of amount invested.
Case 4 :
If all the partners invest different amount for different time period, then the profit is divided
among them in the ratio of the product of investment and time period for each partner.
Partnership Problems with Solutions - Practice Questions

Problem 1 :

A invested 125% as much money as B, C invested 80% as much money as B. The total
of all the three is 61,000. How much did C invest ?
________________________ Solution :
Name
Because both A and C are compared to B, let us assume the investment of B as "x".
Given : A invested 125% as much money as B.
Investment of A = 125% of x = 1.25x
Given : C invested 80% as much money as B.
Investment of C = 180% of x = 0.8x
Given : The total of all the three is $61,000

So, we have
1.25x + x + 0.8x = 61000  3.05x = 61000

Divide both sides by 3.05

Investment of C is
= 0.8x
= 0.8 ⋅ 20000
= 16000 Hence, C invested PhP 16,000.
Prepared and compiled by: Cecille A. Docena,MS
Problem 2 :
Topic 1 : PARTNERSHIP

Partnership :
Daniel started a business with a capital of PhP 8000. After six months, David joined him A and B start a partnership by investing $24,000 and $36,000 respectively. Their
with investment of some capital. If at the end of the year, each of them gets equal amount agreement is to share half of the total profit equally and then share the remaining half in
as profit, how much did David invest ? the ratio of their capital. If they share the entire profit in the ratio of their capitals, B would
have got $2500 more than what she would have got otherwise. What is the total profit?
Solution : Solution :
Given : A and B start a partnership by investing $24,000 and $36,000 respectively.
Let "x" be the investment of David. Ratio of capitals A and B is
= 24000 : 360000
= 2:3
David's investment was in the business for six months. Let the total profit be "x"
Half of the total profit = x / 2.

Daniel invested PhP 8000 and his investment was in the business for 12 months. Given : A and B share half of the total profit equally.
Then,
B's share = (x/2) / 2 = x / 4
Then, the profit sharing ratio of David and Daniel is 6x : 12 ⋅ 8000 Given : A and B share remaining half of the total profit in the ratio of their capitals.
Ratio of their capitals is 2 : 3.
So, we have
B's share = 3/5 ⋅ x/2 = 3x / 10
Total profit of B is
= x/4 + 3x/10
Given : At the end of the year, each of them gets equal amount as profit. = 5x/20 + 6x/20
= 11x / 20 -----(1)

So, we have Sharing the entire profit "x" in the ratio of their capitals (That is 2 : 3) :
B's share = 3x / 5 -----(2)
Given : In (2), B would get $2500 more than what she gets in (1).

6x = 12 ⋅ 8000 So, we have

Worksheet #1

Problem 3 :
A, B and C start a partnership.The capitals of A, B and C are in the ratio 10 : 9 : 6 and the
time period of A and B is in the ratio 2 : 3. B gets $10,800 as his share out the of a total
profit of $26,000. If A's capital was there is in the business for 8 months, for how many
months was C's capital in the business ?

Solution :
Let C's capital be in the business for "x" months.
Ratio of capitals is
A : B : C = 10 : 9 : 6
Ratio of time period is
A:B:C = 2:3:x
As per case 4, ratio of profit share is
A : B : C = 20 : 27 : 6x
From the above ratio, we have
A's share = 20k
B's share = 27k
C's share = 6x ⋅ k
Given : B's share is $10,800.
Then, we have
27k = 10800
k = 400
So, we have
A's share = 20 ⋅ 400 = 8000
C's share = 6x ⋅ 400 = 2400x
Given : Total Profit is $26000
So, we have
8000 + 10800 + 2400x = 26000
18800 + 2400x = 26000
2400x = 7200
x = 3
Then, ratio of time period is
A:B:C =2:3:3
From the above ratio, we have
A's time period = 2y
B's time period = 3y
C's time period = 3y
Given : A's capital was there is in the business for 8 months.
So, we have
2y = 8
y = 4
Then, C's time period is
= 3y
= 3⋅4
= 12

Hence, C's capital was in the business for 12 months .

Problem 4 :
 1. Fill in the answer to the question below. 5. Abby Matthew, store manager for Sears, does not know how to price a
Cost of Goods Markup Retail Sales Price Profit refrigerator that costs $900. Abby knows her boss wants a 40% markup on cost.
$14 6% What should the price of the refrigerator be?
8% $50
$60 18%

2. Cost and markup on cost for each item is given. Find the retail price.

Computer
cost = $ 800 markup = 35% retail price = ___________
6. Boeing plans to increase its prices for Jetliners. With a selling price of $201.5
Refrigerator million and a cost of $190.1 million, what was the approximate percent markup
cost = $1100 markup = 28% retail price = ___________ based on cost?

Coat
cost = $55 markup = 100% retail price = ___________

3. Retail price and markup on retail for each item is given. What is the cost for each
item?
7. A Honda Element with a dealer invoice price of $19,700 was retail priced at
Table $23,000. How much is the approximate percent markup based on selling price?
retail = $650 markup = 45% cost = ________________

Boots
retail = $220 markup = 40% cost = ________________

Desk
retail = $1000 markup = 50% cost = ________________
8. A Hummer four-door costs the dealer $57, 915. The dealer has a 12.3% markup.
4. Cost and markup on retail is given for the following items. Find the retail price. What is the selling price of the vehicle?

Shoes
cost = $45 markup = 38% retail price = ___________

TV
cost = $180 markup = 60% retail price = ___________

Lamp
cost = $95 markup = 30% retail price = ___________