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X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.?
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X and y are partners sharing profits 75 paise and 25paise in a rupee. ...
The old partners, X and Y, will both suffer a sacrifice of profits. The total amount of profits is split differently after Z is admitted as a partner, with X's share decreasing from 75 to 40 paise, and Y's share decreasing from 25 to 30 paise. Therefore, X sacrifices 35 paise of profit, while Y sacrifices 5 paise of profit.
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X and y are partners sharing profits 75 paise and 25paise in a rupee. ...
Calculation of New Profit Sharing Ratio
Calculation of Sacrifice or Gain of Old Partners
Calculation of Sacrifice or Gain of X
Calculation of Sacrifice or Gain of Y
Calculation of Sacrifice or Gain of Z
Calculation of Reserves
Explanation
The new profit sharing ratio of X, Y, and Z is 4:3:2. This means that X will receive a higher share of profits, Y will receive a lower share, and Z will receive a moderate share. To calculate the sacrifice or gain of old partners, we first need to calculate their old ratio. X's old ratio is 3/4 and Y's old ratio is 1/4. The combined old ratio of X and Y is 1. This means that the total profit was divided between X and Y in the ratio of 3:1.
To calculate X's sacrifice, we subtract his new share from his old share. X's sacrifice is 1/12 of the total profit. This means that he will receive 1/12 less profit than he did before. Y's gain is also 1/12 of the total profit, as she will receive a higher share of profits under the new ratio. Z's capital is 2/9 of the total capital, which means that he will invest this amount in the business.
Finally, we calculate the reserves, which are set aside for future use. The reserves are calculated as 1/10 of the total profit minus X's sacrifice plus Y's gain. The reserves can be used to cover losses or to invest in the business
- X's new ratio = 4/9
- Y's new ratio = 3/9 = 1/3
- Z's new ratio = 2/9
Calculation of Sacrifice or Gain of Old Partners
- Old Ratio of X = 75/100 = 3/4
- Old Ratio of Y = 25/100 = 1/4
- Combined Old Ratio of X and Y = 3/4 + 1/4 = 1
Calculation of Sacrifice or Gain of X
- X's new share = 4/9
- X's sacrifice = Old share - New share
- X's sacrifice = (3/4) - (4/9)
- X's sacrifice = 3/36 = 1/12
- X's sacrifice = (1/12) x Total Profit
Calculation of Sacrifice or Gain of Y
- Y's new share = 1/3
- Y's sacrifice = Old share - New share
- Y's sacrifice = (1/4) - (1/3)
- Y's sacrifice = -1/12
- Y's gain = (1/12) x Total Profit
Calculation of Sacrifice or Gain of Z
- Z's new share = 2/9
- Z's capital = (2/9) x Total Capital
Calculation of Reserves
- Reserves = (Total Profit - X's sacrifice + Y's gain) x 1/10
Explanation
The new profit sharing ratio of X, Y, and Z is 4:3:2. This means that X will receive a higher share of profits, Y will receive a lower share, and Z will receive a moderate share. To calculate the sacrifice or gain of old partners, we first need to calculate their old ratio. X's old ratio is 3/4 and Y's old ratio is 1/4. The combined old ratio of X and Y is 1. This means that the total profit was divided between X and Y in the ratio of 3:1.
To calculate X's sacrifice, we subtract his new share from his old share. X's sacrifice is 1/12 of the total profit. This means that he will receive 1/12 less profit than he did before. Y's gain is also 1/12 of the total profit, as she will receive a higher share of profits under the new ratio. Z's capital is 2/9 of the total capital, which means that he will invest this amount in the business.
Finally, we calculate the reserves, which are set aside for future use. The reserves are calculated as 1/10 of the total profit minus X's sacrifice plus Y's gain. The reserves can be used to cover losses or to invest in the business
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X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.?
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X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.?.
X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profits 75 paise and 25paise in a rupee. Z is admitted as a partner. They decided to share profits in following ratio in future :x4, y:3, z:2:reserves 1 find out sacrifice Or gain of old partners.?.
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