The partnership shows a formal agreement between 2 or more partners to work together.
Types of Partner
- Working Partner
- Sleeping Partner
A working partner is one, who invests money, manages, and gets the incentive.
A sleeping partner is the one, who doesn’t manage but invests.
Types of Partnership
- Simple partnership
- Compound partnership
- EQUAL MONEY INVESTED WITH DIFFERENT TIME
A’s share of profit and loss/ B’s share of profit and loss = t1/t2
- DIFFERENT MONEY INVESTED WITH SAME TIME
A’s share of profit and loss / B’s share of profit and loss = x/y (investment)
- COMPOUND PARTNERSHIP
A’s share of profit and loss/B’s share of profit and loss = xt1/yt2
You can check the following posts related to applied mathematics:
- Logical Reasoning – Basics
- What are functions?
- What is probability?
- Relations and functions
- Sets and Venn diagram
- What are the different types of sets?
- Set theory
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