Partnerships
Important Terms:
- Partnership: A partnership is a joint venture between two or more individuals or entities.
- Investment: An investment is the amount of money an individual or entity contributes to the venture.
- Share: Share is the amount of venture owned by an individual or entity. Sharee depends on the amount of money invested.
- Profit: Amount of money earned minus costs incurred by the venture.
- Capital: Another word for Money
To solve questions on this topic, you need to understand the topic Ratio & Proportions. You will need to convert the question into a ratio of investment/profit.