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X and Y share profits and losses in the ratio of 4:3. They admit Z in the firm with 3/7 share which he gets 2/7 from X and 1/7 form Y. The new profit sharing ratio will be:
  • a)
    7:3:3
  • b)
    2:2:3
  • c)
    5:2:3
  • d)
    2:3:3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
X and Y share profits and losses in the ratio of 4:3. They admit Z in ...
Old ratio (X and Y) = 4 : 3
Z admit for 3/7 share of profit
X sacrifice in favour of Z = 2/7
Y sacrifice in favour of Z = 1/7
New ratio = Old ratio - sacrificing ratiio
X's new ratio = (4/7) - (2/7) = 2/7
Y's new ratio = (3/7) - (1/7) = 2/7
C's share = 3/7
Therefore, new profit sharing ratio of X, Y and Z is 2 : 2 : 3
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Most Upvoted Answer
X and Y share profits and losses in the ratio of 4:3. They admit Z in ...
Correct answer is option B
X's new share = 4/7-2/7=2/7
Y's new share =3/7 -1/7=2/7
Z's share = 2/7+1/7i.e.3/7
so the new profit sharing ratio of X,Y &Z is
2/7:2/7:3/7 i.e.2:2:3
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Community Answer
X and Y share profits and losses in the ratio of 4:3. They admit Z in ...
Old ratio (X and Y) = 4 : 3
Z admit for 3/7 share of profit
X sacrifice in favour of Z = 2/7
Y sacrifice in favour of Z = 1/7
New ratio = Old ratio - sacrificing ratiio
X's new ratio = (4/7) - (2/7) = 2/7
Y's new ratio = (3/7) - (1/7) = 2/7
C's share = 3/7
Therefore, new profit sharing ratio of X, Y and Z is 2 : 2 : 3
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X and Y share profits and losses in the ratio of 4:3. They admit Z in the firm with 3/7 share which he gets 2/7 from X and 1/7 form Y. The new profit sharing ratio will be:a)7:3:3b)2:2:3c)5:2:3d)2:3:3Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X and Y share profits and losses in the ratio of 4:3. They admit Z in the firm with 3/7 share which he gets 2/7 from X and 1/7 form Y. The new profit sharing ratio will be:a)7:3:3b)2:2:3c)5:2:3d)2:3:3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and Y share profits and losses in the ratio of 4:3. They admit Z in the firm with 3/7 share which he gets 2/7 from X and 1/7 form Y. The new profit sharing ratio will be:a)7:3:3b)2:2:3c)5:2:3d)2:3:3Correct answer is option 'B'. Can you explain this answer?.
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