Raju and Delaware business partner if both of them put equal share in a business and after 6 month if raghopur 20000 of extra money and the end of the year they got their in the ratio 2:1 find the principal inversted by them each
Answers
Answer:
Partnership: If two or more than two persons run a business jointly, then they are called partners and the deal is known as partnership. There are two types of partnership: simple partnership and compound partnership.
2) Simple partnership:
a) In this type of partnership, the capitals of each of the partners are invested for same time.
b) Gains or losses are divided among the partners in the ratio of their investments.
3) Compound partnership:
a) In this type of partnership, the periods of investments are unequal.
b) Equivalent capitals for a unit of time are calculated by multiplying the capital with number of units it was in business.
4) Working partner: Partner managing the business
5) Sleeping partner: Partner investing money
Quick tips and tricks:
Ratio of division of gains:
1) Simple partnership: Partners invest for same time.
Suppose P and Q invest Rs. x and Rs. y respectively for a year in a business, at the end of the year:
P’s share of profit = x
Q’s share of profit y
x : y = P’s share of profit : Q’s share of profit
2) Compound partnership: When partners invest for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital x number of units of time).
Suppose P and Q invest Rs. x for a months and Rs. y for b months respectively then,
P’s share of profit = xa
Q’s share of profit yb
Capital (amount) of P x Time period of P: Capital (amount) of Q x Time period of Q = P’s share of profit : Q’s share of profit
When n number of partners invests for different time periods T, then
A1T1: A2T2: A3T3 ……: AnTn = P1: P2: P3....: Pn
A is the amount, T is the time period and P is the profit earned.
Answer:
Raju :20000
raghopur:60000
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