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Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners?
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Saraswati and laxmi are partners in a firm sharing profit in ratio of ...
Calculation of Profit Sharing Ratio
Given Information:
Saraswati and Laxmi are partners in a firm sharing profit in the ratio of 4:1.
Parvati is a new partner who acquired 1/4th share in future profits from Saraswati.
Calculation:
Let's assume the total profit of the firm is 100.
As per the given information:
- Saraswati's share = 4/5 of total profit = (4/5) x 100 = 80
- Laxmi's share = 1/5 of total profit = (1/5) x 100 = 20
Parvati acquires 1/4th share in future profits from Saraswati:
- Parvati's share = 1/4 x 80 = 20
Now, the total profit will be shared in the ratio of 4:1:1.
- Saraswati's share = 4/6 of total profit = (4/6) x 100 = 66.67
- Laxmi's share = 1/6 of total profit = (1/6) x 100 = 16.67
- Parvati's share = 1/6 of total profit = (1/6) x 100 = 16.67
Conclusion:
The profit sharing ratio of Saraswati, Laxmi, and Parvati is 4:1:1.
Community Answer
Saraswati and laxmi are partners in a firm sharing profit in ratio of ...
the new profit sharing ratio of the partners will be 11:4:5
SARASWATI 4/5-1/4=11/20{ as PARVATI getting her share alone from SARASWATI}
MAKE THE DENOMINATORS OF BOTH LAKSHMI AND PARVATI EQUAL TO 20
LAKSHMI 1/5*4/4=4/20
PARVATI 1/4{her share of profit}*5/5=5/20
HENCE the new ratio should be 11/20:4/20:5/20 or 11:4:5
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Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners?
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Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners?.
Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Saraswati and laxmi are partners in a firm sharing profit in ratio of 4:1 the admit parvati as a new partner for 1/4th share in future profits which she acquired wholly from saraswati calculate profit sharing ratio of all the partners?.
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