Commerce Exam > Commerce Questions > A,B and c were partner's in a firm sharing pr...
Start Learning for Free
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.?
Most Upvoted Answer
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:...
Solution:
Given: A,B and C are partners in a firm sharing profit in the ratio of 3:2:1. D is a new partner for a 1/8 share in the profits, which he acquires 1/16 from B and 1/16 from C.
To find: The new profit-sharing ratio of A, B, C, and D.
Explanation:
Let the original profit be x.
The ratio of profit sharing among A, B, and C is 3:2:1. Therefore,
A's share = 3x/6 = x/2
B's share = 2x/6 = x/3
C's share = 1x/6 = x/6
D is a new partner and acquires 1/8 share, which is equal to x/8. D acquires 1/16 from B, which is equal to x/16, and 1/16 from C, which is equal to x/16.
D's share = x/16 + x/16 = x/8
The total profit share after D's admission in the firm is (x/2 + x/3 + x/6 + x/8) = (12x/24 + 8x/24 + 4x/24 + 3x/24) = 27x/24
Now, we need to calculate the new profit sharing ratio.
A's share = (3/6)x + (1/8)x = (12x + 3x)/24 = 15x/24
B's share = (2/6)x - (1/16)x = (8x - 1x)/48 = 7x/48
C's share = (1/6)x - (1/16)x = (4x - 1x)/48 = 3x/48
D's share = (1/8)x + (1/16)x + (1/16)x = (6x + 3x + 3x)/48 = 12x/48
Therefore, the new profit-sharing ratio of A, B, C, and D is 15:7:3:12.
Conclusion:
Thus, the new profit-sharing ratio of A, B, C, and D is 15:7:3:12.
Given: A,B and C are partners in a firm sharing profit in the ratio of 3:2:1. D is a new partner for a 1/8 share in the profits, which he acquires 1/16 from B and 1/16 from C.
To find: The new profit-sharing ratio of A, B, C, and D.
Explanation:
Let the original profit be x.
The ratio of profit sharing among A, B, and C is 3:2:1. Therefore,
A's share = 3x/6 = x/2
B's share = 2x/6 = x/3
C's share = 1x/6 = x/6
D is a new partner and acquires 1/8 share, which is equal to x/8. D acquires 1/16 from B, which is equal to x/16, and 1/16 from C, which is equal to x/16.
D's share = x/16 + x/16 = x/8
The total profit share after D's admission in the firm is (x/2 + x/3 + x/6 + x/8) = (12x/24 + 8x/24 + 4x/24 + 3x/24) = 27x/24
Now, we need to calculate the new profit sharing ratio.
A's share = (3/6)x + (1/8)x = (12x + 3x)/24 = 15x/24
B's share = (2/6)x - (1/16)x = (8x - 1x)/48 = 7x/48
C's share = (1/6)x - (1/16)x = (4x - 1x)/48 = 3x/48
D's share = (1/8)x + (1/16)x + (1/16)x = (6x + 3x + 3x)/48 = 12x/48
Therefore, the new profit-sharing ratio of A, B, C, and D is 15:7:3:12.
Conclusion:
Thus, the new profit-sharing ratio of A, B, C, and D is 15:7:3:12.
Community Answer
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:...
{ 24 : 13 : 5 : 6}
Thank You
Thank You
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.?
Question Description
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.?.
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.?.
Solutions for A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? defined & explained in the simplest way possible. Besides giving the explanation of
A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.?, a detailed solution for A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? has been provided alongside types of A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? theory, EduRev gives you an
ample number of questions to practice A,B and c were partner's in a firm sharing profit in the ratio of 3:2:1.They admitted D as a new partner for 1/8 share in the profits,which he acquire 1/16 from B and 1/16 from c. Calculate the new profit -sharing ratio of A ,B,c and S.? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce 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
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup