Paper I · 16 Logical Reasoning, Analytical Ability & Data Interpretation · 16.4 Ratio, ages, averages and mixtures

16.4.2 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.

  • TGPSC MPSO / ASO · 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

Read the full note in the app. It is part of the TGPSC MPSO / ASO full course in Medha AI. Free in the app: the first chapter of each topic.

Read the full note in the app Logical Reasoning, Analytical Ability & Data Interpretation questions with answers

All Ratio, ages, averages and mixtures notes · TGPSC MPSO / ASO syllabus · TGPSC ASO Paper I Mock 1 with answers · Start free

Medha AI writes its own notes and checks them against the sources listed. Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TGPSC (formerly TSPSC), MPSC, UPSC or any other commission or government body.