# Partnership questions answer pdf SSC CHSL-:

List of Practice Aptitude Questions for Upcoming SSC CGL Mains / SSC CHSL Exam was given here with solutions, candidates those who are preparing for those exams can use this material.

## Partnership

Definition: When two or more persons mutually come under an agreement to invest money together for operating a business, then such association is known as âPartnershipâ. Both the involved parties are called âPartnersâ. There are generally two types of partnership.so we provide youÂ Partnership questions answer pdf SSC CHSL.

1. Single Partnership:Â When all partners invest their money for the same period, then such partnership is known as âSingle Partnershipâ.
2. Compound Partnership:Â Unlike Single partnership, when all parties invest their money for different periods; then this is known as âCompound partnershipâ.
1. Active Partners: The partner who manages the business is known as Active Partner or working partner.
2. Sleeping Partner: A partner, who simply invest his money in the business but does not manage it voluntarily is referred as Sleeping partner.

There are two of problems based on Partnership concept.

Case 1:Â When the investments made by all the parties for the same period; then you will be asked to find the gain or loss that is distributed amongs them in the ration of investments.

Case 2:Â When investments are made for different time periods; then capital for each partner will be calculated as â

(Capital x Number of units of time)

How to calculate?

*If x1: x2: x3Â is the investment ratios and P1: P2: P3Â be the profit ratios. Then, the ratio between time periods will be-

*Suppose, the ratio of profits and ratios of time periods are given; you have to find the ratio of investments. Then, it will be equal to-

*If P1đ2đ3Â and t1:t2:t3Â are the profit ratios & time periods respectively, then-

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