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The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B?
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The old profit and loss sharing ratio between A, B and C are 5:3:2 the...
Explanation:
The old profit sharing ratio between A, B, and C is given as 5:3:2. Let the total profit earned be x.
Therefore, the share of A, B, and C would be 5x/10, 3x/10, and 2x/10 respectively.
New Profit Sharing Ratio:
It is given that the new profit sharing ratio between B and C shall be the same as the existing ratio between A and B.
Let the new profit sharing ratio between A and B be a:b.
Then, the new profit sharing ratio between A, B, and C would be a:b:(2/(3+2) * b) = a:b:2b/5.
We know that the total profit earned is x.
Therefore, the share of A, B, and C in the new ratio would be ax/(a+b+2b/5), bx/(a+b+2b/5), and (2b/5)x/(a+b+2b/5) respectively.
As per the given condition, the new profit sharing ratio between B and C should be the same as the existing ratio between A and B.
Therefore, bx/(a+b+2b/5) = 3x/10.
Solving for b/a, we get b/a = 3/4.
Therefore, the new profit sharing ratio between A, B, and C would be a:b:(2b/5) = a:3a/4:2a/5 = 20a:15a:8a.
Simplifying, we get the new profit sharing ratio between A, B, and C as 20:15:8.
The old profit sharing ratio between A, B, and C is given as 5:3:2. Let the total profit earned be x.
Therefore, the share of A, B, and C would be 5x/10, 3x/10, and 2x/10 respectively.
New Profit Sharing Ratio:
It is given that the new profit sharing ratio between B and C shall be the same as the existing ratio between A and B.
Let the new profit sharing ratio between A and B be a:b.
Then, the new profit sharing ratio between A, B, and C would be a:b:(2/(3+2) * b) = a:b:2b/5.
We know that the total profit earned is x.
Therefore, the share of A, B, and C in the new ratio would be ax/(a+b+2b/5), bx/(a+b+2b/5), and (2b/5)x/(a+b+2b/5) respectively.
As per the given condition, the new profit sharing ratio between B and C should be the same as the existing ratio between A and B.
Therefore, bx/(a+b+2b/5) = 3x/10.
Solving for b/a, we get b/a = 3/4.
Therefore, the new profit sharing ratio between A, B, and C would be a:b:(2b/5) = a:3a/4:2a/5 = 20a:15a:8a.
Simplifying, we get the new profit sharing ratio between A, B, and C as 20:15:8.
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The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B?
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The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B? 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 The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B?.
The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B? 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 The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The old profit and loss sharing ratio between A, B and C are 5:3:2 they decide that the new profit sharing ratio between B and C shall be the same as existing between A and B?.
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