Bodhak competitive bank exams partnership in this chapter we will discuss Partnership, Allegation/mixture, Simple interest and compound interest, time and distance, Problems on Trains, Mensuration. We will see how o solve through equations and through shortcut methods.
The partnership means two or more persons doing the business together by investing shares into that business.
competitive bank exams partnership
If a person A invest 10,000 and person B invest 20,000 for one year then person B gets more profit than person A and their profit ratio is:
10000 : 20000 i.e 1:2
Alligation or Mixture:
The allegation is a rule that enables us to mix two or more quantities in a certain ratio to get desired profit.
A person has two types of rice. The cost of TYPE1 Rice is Rs.15/- per kg and TYPE2 rice Rs.20/- per kg. At what ratio did he mix the two rice’s so that the mixture cost is Rs.16.5 per kg.
Simple interest and compound interest:
The extra money paid for using others money is called interest.
Simple interest (SI) = ptr/100
P = Principal
T = Time
R = Rate of Interest