Partners Profit and Loss Approximation Calculator Online

Are you confused to calculate profit and loss in the partnership remuneration? Then make use of our Partners Profit and Loss Calculator to save your time. Partnership Profit and Loss Calculator provides accurate result within less time. So, learn how to calculate partner profit calculation and partner loss calculation with and without calculator here.

How to Use Partnership Profit and Loss Remuneration Calculator?

There are simple steps to follow in order to use the partners profit and loss calculator. Read the guidelines given below and start using our online Partners Profit and Loss Calculator.

Step 1: Record the required data in the input fields.

Step 2: And then click on the calculate button to solve profit or loss approximation.

Step 3: The Result will be displayed on the output field.

How to Calculate Profit and Loss in a Partnership

The examples related to profit and loss calculation in a partnership are provided here. Practice the questions and learn how to solve partners profit and loss problems.

  1. P and Q invested in the ratio of 5:8. The profits are divided in the ratio of 3:8. If P has invested for 6 months, then Q invested for?
  2. 7 months
  3. 11 months
  4. 10 Months
  5. 8 Months

Solution:

Investment ratio = 5:8

Profits = 3:8

P has invested for 6 months.

Ratio of Profit = 5×6: 8×x = 30: 8x

According to the question,
30:8x in the fraction can be written as,

30/8x = 3/8

X = 10 months

So, option C is the correct answer.

  1. Pari, Yuva and Saaru started a business by investing Rs. 12000, Rs. 18000 and Rs. 22000 respectively. After 6 months, Saaru withdraw the full amount and Pari and Yuva invested Rs. 5000 and Rs. 8000 more respectively. Find the share of Saaru, if the total profit at the end of the year is Rs. 42940?
  2. Rs. 8182
  3. Rs. 9944
  4. Rs. 7558
  5. Rs. 10058

Solution:

Given,

Pari, Yuva and Saaru started a business by investing Rs. 12000, Rs. 18000 and Rs. 22000 respectively. 

After 6 months, Saaru withdraw the full amount and Pari and Yuva invested Rs. 5000 and Rs. 8000 more respectively.

The share of pari, yuva and saaru is,

= [12000 . 6 + 17000 . 6] : [18000 . 6 + 26000 . 6] : [22000 . 6]

= 174000 : 264000 : 13200

= 29 : 44 : 2295's = 42940

= 1's = 452

The share of Saaru = 22 . 452 = Rs. 9944

FAQs on Partners Profit and Loss Calculator

  1. How do you calculate profit and loss in a partnership?

You can calculate the profit and loss in a partnership by subtracting the cost of goods sold from the sales to get the gross profit.

  1. How do you calculate profit in a partnership?

We can find the profit in a partnership by dividing the total income to be shared by each person by accounting ratio of each person.

  1. How do you calculate profit and loss example?

The profit is equal to the selling price - cost price.

The loss is equal to cost price - selling price.