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A and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio?
Most Upvoted Answer
A and B are partners sharing profit in the ration 3:2 .C is admitted f...
Given:
- A and B are partners sharing profit in the ratio 3:2.
- C is admitted for 1/3 Rd share which he acquires from A and B in the ratio of 2:1.
To find:
- New profit sharing ratio
Solution:
Step 1: Calculate the initial share of A and B
- Let the total profit be x
- A's share = 3/5 * x
- B's share = 2/5 * x
Step 2: Calculate the share acquired by C from A and B
- Let y be the share acquired by C from A and z be the share acquired by C from B
- y + z = 1/3
- y/z = 2/1
- Solving the above equations, we get y = 2/5 and z = 1/15
Step 3: Calculate the new share of A, B, and C
- A's new share = 3/5 * (1 - 1/3) + 2/5 * 2/5 = 17/25
- B's new share = 2/5 * (1 - 1/3) + 2/5 * 1/15 = 8/25
- C's new share = 1/3
Step 4: Write the new profit sharing ratio
- A:B:C = 17:8:9
Therefore, the new profit sharing ratio is 17:8:9.
- A and B are partners sharing profit in the ratio 3:2.
- C is admitted for 1/3 Rd share which he acquires from A and B in the ratio of 2:1.
To find:
- New profit sharing ratio
Solution:
Step 1: Calculate the initial share of A and B
- Let the total profit be x
- A's share = 3/5 * x
- B's share = 2/5 * x
Step 2: Calculate the share acquired by C from A and B
- Let y be the share acquired by C from A and z be the share acquired by C from B
- y + z = 1/3
- y/z = 2/1
- Solving the above equations, we get y = 2/5 and z = 1/15
Step 3: Calculate the new share of A, B, and C
- A's new share = 3/5 * (1 - 1/3) + 2/5 * 2/5 = 17/25
- B's new share = 2/5 * (1 - 1/3) + 2/5 * 1/15 = 8/25
- C's new share = 1/3
Step 4: Write the new profit sharing ratio
- A:B:C = 17:8:9
Therefore, the new profit sharing ratio is 17:8:9.
Community Answer
A and B are partners sharing profit in the ration 3:2 .C is admitted f...
Solution :- C was admitted for 1/3rd share which he acquire in the ratio of 2:1
A = 3/5 less (1/3 × 2/3 ) = 17/45
B = 2/5 less ( 1/3×1/3) = 13/45
Same for C 1/3 = 15/45
Therefore , New ratio = 17:13:15
A = 3/5 less (1/3 × 2/3 ) = 17/45
B = 2/5 less ( 1/3×1/3) = 13/45
Same for C 1/3 = 15/45
Therefore , New ratio = 17:13:15
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A and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio?
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A and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio? 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 and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio?.
A and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio? 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 and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profit in the ration 3:2 .C is admitted for 1/3 Rd share which he acquires from A and B in the ration of 2:1 .calculate new profit sharing ratio?.
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