Online Banking Classes – Quantitative Aptitude Partnership

Banking classes online : When two or more persons agree to invest their sum of money to run a business, then this kind of agreement is called partnership. The persons involved in the partnership are called partners.

There are two types of partnership:

Simple Partnership: In simple partnership, partners invest their capital for the same period of time.
Compound Partnership: In compound partnership, partners invest their capital for the different period of time.

Important Formulas:

If two partners X and Y are investing their money to run a business for the same period of time i.e., in case of Simple partnership

Capital of X: Capital of Y = Profit of X: Profit of Y

If two partners A and B are investing their money to run a business for the different period of time i.e., in case of Compound Partnership.

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