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X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.?
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X and y are partners sharing profits and losses in the ratio of 3:2 th...
Solution:
Given: X and Y are partners sharing profits and losses in the ratio of 3:2. Z is a new partner who gets 1/5th share.
Step 1: Calculate the share of Z
Let the total profit be P
Z's share = 1/5th of P
Z's share = P/5
Step 2: Calculate the share of X and Y after Z's admission
X and Y's total share = 3+2 = 5
After Z's admission, X and Y will share 4/5th of the profit.
X's share = 3/5th of 4/5th of P = 12/25th of P
Y's share = 2/5th of 4/5th of P = 8/25th of P
Step 3: Calculate the new profit sharing ratio
1. If Z acquires his share from X and Y in their profit sharing ratio
Z acquires 1/5th of X and Y's share in the ratio of 3:2.
Z's share = (3/5)*1/5 + (2/5)*1/5 = 1/5
New profit sharing ratio = X:Y:Z = 12:8:5
2. If Z acquires 3/20th from X and 1/20th from Y
Z's share = 1/5 = (3/20)*X + (1/20)*Y
Solving the equations, we get:
X's share = 12/23
Y's share = 8/23
Z's share = 3/23
New profit sharing ratio = X:Y:Z = 12:8:3
3. If Z acquires 1/10th from X and 1/10th from Y
Z's share = 1/5 = (1/10)*X + (1/10)*Y
Solving the equations, we get:
X's share = 6/11
Y's share = 4/11
Z's share = 1/11
New profit sharing ratio = X:Y:Z = 6:4:1
4. If Z acquires 1/20th from X and 3/20th from Y
Z's share = 1/5 = (1/20)*X + (3/20)*Y
Solving the equations, we get:
X's share = 9/17
Y's share = 6/17
Z's share = 2/17
New profit sharing ratio = X:Y:Z = 9:6:2
5. If Z acquires his share entirely from X
Z's share = 1/5 = (x/5)/(x+y)
Solving the equation, we get:
X's share = 3/7
Y's share = 2/7
Z's share = 2/7
New profit sharing ratio = X:Y:Z = 3:2:2
6. If Z acquires his share entirely from Y
Z's share = 1/5 = (y/5)/(x+y)
Solving the equation, we get:
X's share = 6/13
Y's share = 8
Given: X and Y are partners sharing profits and losses in the ratio of 3:2. Z is a new partner who gets 1/5th share.
Step 1: Calculate the share of Z
Let the total profit be P
Z's share = 1/5th of P
Z's share = P/5
Step 2: Calculate the share of X and Y after Z's admission
X and Y's total share = 3+2 = 5
After Z's admission, X and Y will share 4/5th of the profit.
X's share = 3/5th of 4/5th of P = 12/25th of P
Y's share = 2/5th of 4/5th of P = 8/25th of P
Step 3: Calculate the new profit sharing ratio
1. If Z acquires his share from X and Y in their profit sharing ratio
Z acquires 1/5th of X and Y's share in the ratio of 3:2.
Z's share = (3/5)*1/5 + (2/5)*1/5 = 1/5
New profit sharing ratio = X:Y:Z = 12:8:5
2. If Z acquires 3/20th from X and 1/20th from Y
Z's share = 1/5 = (3/20)*X + (1/20)*Y
Solving the equations, we get:
X's share = 12/23
Y's share = 8/23
Z's share = 3/23
New profit sharing ratio = X:Y:Z = 12:8:3
3. If Z acquires 1/10th from X and 1/10th from Y
Z's share = 1/5 = (1/10)*X + (1/10)*Y
Solving the equations, we get:
X's share = 6/11
Y's share = 4/11
Z's share = 1/11
New profit sharing ratio = X:Y:Z = 6:4:1
4. If Z acquires 1/20th from X and 3/20th from Y
Z's share = 1/5 = (1/20)*X + (3/20)*Y
Solving the equations, we get:
X's share = 9/17
Y's share = 6/17
Z's share = 2/17
New profit sharing ratio = X:Y:Z = 9:6:2
5. If Z acquires his share entirely from X
Z's share = 1/5 = (x/5)/(x+y)
Solving the equation, we get:
X's share = 3/7
Y's share = 2/7
Z's share = 2/7
New profit sharing ratio = X:Y:Z = 3:2:2
6. If Z acquires his share entirely from Y
Z's share = 1/5 = (y/5)/(x+y)
Solving the equation, we get:
X's share = 6/13
Y's share = 8
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X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.?
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X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.?.
X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profits and losses in the ratio of 3:2 they admit Z as a new partner who get 1/5th share. calculate the new profit sharing ratio in each of the following case :- 1.if z aquires his share from X and Y in their profit sharing ratio. 2. If we acquire 3/20th from x and 1/20th from y. 3. If he acquires 1/10th from x and 1/10th from y. 4. If we acquires 1/20thfrom x and 3/20th from y. 5. If hi acquires is share entirely from x. 6. If acquires his share entirely from y.?.
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