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A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please
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A & B are partners sharing profit and losses in ratio 3:2 (A's capital...
Introduction
In this scenario, we need to determine how much capital C should contribute upon joining the partnership between A and B. A and B share profits and losses in a ratio of 3:2.
Current Capital Structure
- A’s Capital: 30000
- B’s Capital: 15000
- Total Capital of A and B: 30000 + 15000 = 45000
Share Calculation for C
- C is given a 1/5 share of the profits.
- Remaining share for A and B: 1 - 1/5 = 4/5
New Profit Sharing Ratio
- To find the new ratio for A and B, we first calculate their combined share:
- A’s share in 4/5 = (3/5) × (4/5) = 12/25
- B’s share in 4/5 = (2/5) × (4/5) = 8/25
- Therefore, the new profit-sharing ratio becomes:
- A: 12/25
- B: 8/25
- C: 1/5 = 5/25
Capital Contribution from C
- Total capital after admitting C: A + B + C = 45000 + C’s Capital
- C's share of total capital = (C's share) × (Total capital) = (5/25) × (45000 + C)
Setting up the equation:
- C's Capital = (5/25) × (45000 + C)
Let’s simplify:
- 5/25 × 45000 = 9000
- 9000 + (5/25)C = C
- 9000 = C - (5/25)C
- 9000 = (20/25)C
- C = 9000 × (25/20) = 11250
Conclusion
C should bring in a capital of 11250.
Thus, the answer is D) 11250.
In this scenario, we need to determine how much capital C should contribute upon joining the partnership between A and B. A and B share profits and losses in a ratio of 3:2.
Current Capital Structure
- A’s Capital: 30000
- B’s Capital: 15000
- Total Capital of A and B: 30000 + 15000 = 45000
Share Calculation for C
- C is given a 1/5 share of the profits.
- Remaining share for A and B: 1 - 1/5 = 4/5
New Profit Sharing Ratio
- To find the new ratio for A and B, we first calculate their combined share:
- A’s share in 4/5 = (3/5) × (4/5) = 12/25
- B’s share in 4/5 = (2/5) × (4/5) = 8/25
- Therefore, the new profit-sharing ratio becomes:
- A: 12/25
- B: 8/25
- C: 1/5 = 5/25
Capital Contribution from C
- Total capital after admitting C: A + B + C = 45000 + C’s Capital
- C's share of total capital = (C's share) × (Total capital) = (5/25) × (45000 + C)
Setting up the equation:
- C's Capital = (5/25) × (45000 + C)
Let’s simplify:
- 5/25 × 45000 = 9000
- 9000 + (5/25)C = C
- 9000 = C - (5/25)C
- 9000 = (20/25)C
- C = 9000 × (25/20) = 11250
Conclusion
C should bring in a capital of 11250.
Thus, the answer is D) 11250.
Community Answer
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A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please
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A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please 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 are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please.
A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please 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 are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please.
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A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please, a detailed solution for A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please has been provided alongside types of A & B are partners sharing profit and losses in ratio 3:2 (A's capital 30000 B's 15000). They admitted C and agreed to give 1/5th share of profit to him. how much C should bring in towards capital? A) 9000 B) 12000 C) 14500 D) 11250 Do tell me with solution please theory, EduRev gives you an
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