Paper I · 9 Logical Reasoning & Analytical Ability · 9.4 Ratio, ages, averages and mixtures

9.4.2 Partnership: sharing profit by capital and time

Partners share profit (or loss) in the ratio of capital × time each one kept invested; a working partner's salary or commission is taken out first, and only the rest is shared by that ratio.

  • APPSC Paper I · Paper I
  • Standard level
  • 8 min read
  • Full course

Key terms

  • partnership
  • simple partnership
  • compound partnership
  • capital-months
  • working partner
  • sleeping partner
  • profit sharing
  • interest on capital

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Common trapsFoundation
  5. Quick revisionFoundation

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