Shortcuts in solving aptitude-3

PARTNERSHIPS

PATNERSHIP

When two or more persons agree to run a business jointly by pooling in their investments (capitals), they are called partners and the deal is called partnership. There are two kinds of partnerships.

i.          Simple partnership.

ii.          Compound partnership.

Simple Partnership

If the investments of the partners are for the same period of the time, then the partnership is called simple partnership.

In this partnership, the profit or loss is divided in the ratio of their respective investments.

Compound Partnership
If the investments of the partners are for different periods of time, the partnership is called compound partnership. In this partnership, the profit or loss is divided in the ratio of the product of the investment and time-period of investment.

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PERCENTAGES

Percentage (%)

Percent means for every hundred.

Percentage is a fraction whose denominator is 100. and the numerator of the fraction is called rate percent.

Converting fractions or decimals to percentages

To convert a fraction or a decimal to a percentage, multiply the fraction with 100.

Converting percentages to fractions

To convert percentages to fractions or decimals, divide the percentage by 100.

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