CA Foundation Exam > CA Foundation Questions > A, B, C are partner sharing profit in ratio o...
Start Learning for Free
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be?
Most Upvoted Answer
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to adm...
Given Information:
- Partners A, B, C share the profit in the ratio 3:2:1.
- They agree to admit partner D into the firm.
- A, B, C agree to give 1/3rd, 1/6th, and 1/9th share of their profit to D.
Calculating the Share of Profit for Each Partner:
To calculate the share of profit for each partner, we need to determine the total profit and then divide it according to the given ratios.
Step 1: Determining Total Profit:
Let's assume the total profit is P.
The given ratio of A, B, C is 3:2:1, which can be simplified to 9:6:3.
So, the share of A is (9/18)P, the share of B is (6/18)P, and the share of C is (3/18)P.
The sum of their shares is (9/18)P + (6/18)P + (3/18)P = (18/18)P = P.
Therefore, the total profit is P.
Step 2: Calculating the Share of D:
According to the agreement, A, B, C give 1/3rd, 1/6th, and 1/9th share of their profit to D.
The share of A given to D is (1/3) * (9/18)P = (3/18)P.
The share of B given to D is (1/6) * (6/18)P = (1/18)P.
The share of C given to D is (1/9) * (3/18)P = (1/54)P.
Therefore, the total share of D is (3/18)P + (1/18)P + (1/54)P = (10/54)P.
Final Answer:
The share of profit for partner D is (10/54)P.
Conclusion:
Partner D will receive a share of (10/54)P in the profit, as agreed upon by partners A, B, and C.
- Partners A, B, C share the profit in the ratio 3:2:1.
- They agree to admit partner D into the firm.
- A, B, C agree to give 1/3rd, 1/6th, and 1/9th share of their profit to D.
Calculating the Share of Profit for Each Partner:
To calculate the share of profit for each partner, we need to determine the total profit and then divide it according to the given ratios.
Step 1: Determining Total Profit:
Let's assume the total profit is P.
The given ratio of A, B, C is 3:2:1, which can be simplified to 9:6:3.
So, the share of A is (9/18)P, the share of B is (6/18)P, and the share of C is (3/18)P.
The sum of their shares is (9/18)P + (6/18)P + (3/18)P = (18/18)P = P.
Therefore, the total profit is P.
Step 2: Calculating the Share of D:
According to the agreement, A, B, C give 1/3rd, 1/6th, and 1/9th share of their profit to D.
The share of A given to D is (1/3) * (9/18)P = (3/18)P.
The share of B given to D is (1/6) * (6/18)P = (1/18)P.
The share of C given to D is (1/9) * (3/18)P = (1/54)P.
Therefore, the total share of D is (3/18)P + (1/18)P + (1/54)P = (10/54)P.
Final Answer:
The share of profit for partner D is (10/54)P.
Conclusion:
Partner D will receive a share of (10/54)P in the profit, as agreed upon by partners A, B, and C.
Community Answer
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to adm...
A's sacrifice= 3/6*1/3 = 3/18
B's = 2/6*1/6= 1/18
C's= 1/6*1/9=1/54
D's share of profit = 3/18+1/18+1/54= 13/54
B's = 2/6*1/6= 1/18
C's= 1/6*1/9=1/54
D's share of profit = 3/18+1/18+1/54= 13/54
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be?
Question Description
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be?.
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be?.
Solutions for A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? defined & explained in the simplest way possible. Besides giving the explanation of
A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be?, a detailed solution for A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? has been provided alongside types of A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? theory, EduRev gives you an
ample number of questions to practice A, B, C are partner sharing profit in ratio of 3:2:1 they agree to admit D into the firm A, B, C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup