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A,B,C are partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,1/6th, 1/9th share of their profit . The share of profit of D will be ?
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A,B,C are partners sharing profits in ratio of 3:2:1. They agree to ad...
Calculation of Profit Sharing Ratio
The existing partners, A,B and C, share profits in the ratio of 3:2:1 respectively.
Total profit = 3x + 2x + x = 6x
Individual profit shares are:
- A's share = 3x/6 = 1/2
- B's share = 2x/6 = 1/3
- C's share = x/6 = 1/6
Calculation of D's Share
D is admitted into the partnership, so the total profit sharing ratio becomes:
- A:B:C:D = 3x/6 : 2x/6 : x/6 : y (y is D's share)
- = 1/2 : 1/3 : 1/6 : y
- = 3/6 : 2/6 : 1/6 : y
- = 9 : 4 : 2 : y (multiplying by 6 for simplicity)
Now, we can use the concept of ratios to determine D's share:
- D's share = Total profit x (D's ratio / Sum of ratios)
- D's share = 6x x (2/15)
- D's share = 4x/5
Final Answer
Therefore, D's share of the profit is 4x/5.
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A,B,C are partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,1/6th, 1/9th share of their profit . The share of profit of D will be ?
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A,B,C are partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,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 partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,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 partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,1/6th, 1/9th share of their profit . The share of profit of D will be ?.
A,B,C are partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,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 partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,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 partners sharing profits in ratio of 3:2:1. They agree to admit D into the firm. A,B and C agreed to give 1/3 Rd,1/6th, 1/9th share of their profit . The share of profit of D will be ?.
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