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Online Quiz (Worksheet A B C D)

Questions Per Quiz = 2 4 6 8 10

Grade 8 - Mathematics
9.6 Partnership - II

Example:
Mack started a business with a capital of $5050 and Jacob joined him some time later with a capital of $2400. If out of the total annual profit $1644 Mack's share is $1212. Find when Jacob joined as partner.

Solution:
Investment of Mack = $5050.
Investment Period = 12 months.
Investment of Jacob = $2400.
Let Jacob Investment Period = x months
Ratio of their investments = 5050*12 : 2400*x
= 101:4x
Total profit at the end of the year = $1644
Share of Mack = $1212
Share of Jacob = $1644 - $1212 = $432
Ratio of the Profit = 1212 : 432
= 101:36
Ratio of their investments = Ratio of their profits.
101:4x = 101:36
4x = 36
x = 36/4
x = 9
Jacob's investment period (x) = 9 months
Therefore, Jacob joined Mack as partner after 3 months.


Directions: Solve the following problems. Also write at least 5 examples of your own.
Q 1: Peter and George started a business with equal capital. But George withdrew from the business at the end of 9 months, if at the end of the year they made a profit of $8540. Find the share of George.
$3480
$4620
$4380
$3660

Q 2: Adam started a business. After a few months Micheal joined him. The ratio of their investiments is 4:5. The profits of Adam and Micheal at the end of the year are respectively $3300 and $2750. When did Micheal joined in the business.
None of these
After 2 months
After 3 months
After 4 months

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Question 4: This question is available to subscribers only!


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