Partnership - GeneralPartnership - Data Sufficiency 1Partnership - Data Sufficiency 2Partnership - Data Sufficiency 3Partnership - Important Formulas and Facts Partnership: When two or more people runs a joint business, they are called partners and the deal is known as partnership. Ratio of Divisions of Gains If two partners, $A$ and $B$ invest Rs. $x$ and Rs. $y$ respectively for a year in a business, then at the end of the year:($A$'s share of profit) : ($B$'s share of profit) $=x:y$. If $A$ invests Rs. $x$ for $p$ months and $B$ invests Rs. $y$ for $q$ months then,($A$'s share of profit) : ($B$'s share of profit) $=xp:yq$. Working and Sleeping Partners: working partner is the one who runs the business and sleeping partner is the one who simply invests the money in the business.