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A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:
- a)3:2
- b)2:2
- c)2:3
- d)None
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and...
On C's investment of Rs. 50,000, A and B invest Rs. 1,00,000 and Rs. 75,000 respectively.
Let's calculate the ratio of their investments:
A's investment = Rs. 1,00,000
B's investment = Rs. 75,000
C's investment = Rs. 50,000
To find the ratio, we divide each investment by the smallest investment:
A's ratio = A's investment / C's investment = Rs. 1,00,000 / Rs. 50,000 = 2
B's ratio = B's investment / C's investment = Rs. 75,000 / Rs. 50,000 = 1.5
C's ratio = C's investment / C's investment = Rs. 50,000 / Rs. 50,000 = 1
So, the ratio of their investments is 2:1.5:1.
Now, let's calculate the ratio of their profits:
Let the total profit be X.
A's share of profit = (A's ratio / Total ratio) * X
= (2 / (2 + 1.5 + 1)) * X
= (2 / 4.5) * X
= 4X / 9
B's share of profit = (B's ratio / Total ratio) * X
= (1.5 / (2 + 1.5 + 1)) * X
= (1.5 / 4.5) * X
= 3X / 9
C's share of profit = (C's ratio / Total ratio) * X
= (1 / (2 + 1.5 + 1)) * X
= (1 / 4.5) * X
= 2X / 9
So, the ratio of their profits is 4X/9 : 3X/9 : 2X/9, which simplifies to 4:3:2.
Let's calculate the ratio of their investments:
A's investment = Rs. 1,00,000
B's investment = Rs. 75,000
C's investment = Rs. 50,000
To find the ratio, we divide each investment by the smallest investment:
A's ratio = A's investment / C's investment = Rs. 1,00,000 / Rs. 50,000 = 2
B's ratio = B's investment / C's investment = Rs. 75,000 / Rs. 50,000 = 1.5
C's ratio = C's investment / C's investment = Rs. 50,000 / Rs. 50,000 = 1
So, the ratio of their investments is 2:1.5:1.
Now, let's calculate the ratio of their profits:
Let the total profit be X.
A's share of profit = (A's ratio / Total ratio) * X
= (2 / (2 + 1.5 + 1)) * X
= (2 / 4.5) * X
= 4X / 9
B's share of profit = (B's ratio / Total ratio) * X
= (1.5 / (2 + 1.5 + 1)) * X
= (1.5 / 4.5) * X
= 3X / 9
C's share of profit = (C's ratio / Total ratio) * X
= (1 / (2 + 1.5 + 1)) * X
= (1 / 4.5) * X
= 2X / 9
So, the ratio of their profits is 4X/9 : 3X/9 : 2X/9, which simplifies to 4:3:2.
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Community Answer
A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and...
Given:
A, B, and C share profits and losses based on their capitals.
Capitals: A = Rs. 1,00,000, B = Rs. 75,000, C = Rs. 50,000.
A, B, and C share profits and losses based on their capitals.
Capitals: A = Rs. 1,00,000, B = Rs. 75,000, C = Rs. 50,000.
- Total Capitals:
Total = Rs. 1,00,000 + Rs. 75,000 + Rs. 50,000 = Rs. 2,25,000. - Profit Sharing Ratio:
A : B : C = 1,00,000 : 75,000 : 50,000 = 4 : 3 : 2. - C's Share:
C's share = 2 parts (out of 9 parts total in the ratio 4:3:2). - C's Share Distribution:
C's share is acquired by A and B in the ratio 6:4.
Total parts = 6 + 4 = 10.
A's gain = 6⁄10 of C's share.
B's gain = 4⁄10 of C's share. - Gaining Ratio:
A : B = 6 : 4 = 3 : 2.
The gaining ratio is 3:2.
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A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer?
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A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer? 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, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer?.
A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer? 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, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, and C are partners with capitals of Rs. 1,00,000, Rs. 75,000 and Rs. 50,000. On C’s retirement his share is acquired by A and B in the ration of 6:4. Gaining ratio will be:a)3:2b)2:2c)2:3d)NoneCorrect answer is option 'A'. Can you explain this answer?.
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