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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics
9.5 Partnership - I

Capital: If some one starts a business some amount is necessary, it is called capital.

Partnership: A business is undertaken by two or more persons is called partnership.

Partners: Who runs the business jointly are called partners.

Investment: The money invested by the partners in the business is called investment.

Example:
Two partners Jack and Mike started business with capitals $8,000 and $10,000 respectively and made a profit of $2,700. At the end of the year find the share of each.

Solution:
Investment of Jack = $8,000
Investment of Mike = $10,000
Ratio of the investment of Jack and Mike = 8,000 : 10,000 = 4:5
Period of investment is same, so the profit is divided in the ratio of their investments.
Ratio in which the profit is divided = 4:5
Profit at the end of the year = $2,700
Jack's Profit = (2700*4) / 9 = $1,200
Mike's Profit = (2700*5) / 9 = $1,500


Directions: Solve the following problems. Also write at least 5 examples of your own.
Q 1: Two partners Nancy and Cathy started business with capitals $12,000 and $16,000 respectively and made a profit of $10,850. Find the share of Nancy.
$4,550
$4,650
$4,600
$4,500

Q 2: Two partners Jack and Cole started business with capitals $18,000 and $15,000 respectively and made a profit of $9,350. Find the share of Jack.
$5,200
$5,300
$5,400
$5,100

Q 3: Two partners Peter and Mike started business with capitals $16,000 and $12,000 respectively and made a profit of $3,500. Find the share of Mike.
$1,500
$1,300
$2,000
$1,200

Q 4: Two partners Ron and Matt started business with capitals $3,000 and $5,000 respectively and made a profit of $1,880. Find the share of Matt.
$1,075
$1,025
$1,050
$1,000

Q 5: Two partners Adam and Tim started business with capitals $15,000 and $20,000 respectively and made a profit of $5,600. Find the share of Adam.
$2,600
$2,400
$2,200
$2,800

Q 6: Two partners Jessica and Elisabeth started business with capitals $32,710 and $49,065 respectively and made a profit of $18,125. Find the share of Jessica.
$7,300
$7,250
$7,200
$7,500

Question 7: This question is available to subscribers only!

Question 8: This question is available to subscribers only!


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