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A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner?
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A, B, C are partners sharing profit and loses in the ratio 6:5:3 . The...
Calculation of New Profit Sharing Ratio
Step 1: Calculate the total share of the existing partners.
Total share of A, B, and C = 6 + 5 + 3 = 14
Step 2: Calculate the share of D.
As D is taking 1/8 share in the future profit, his share can be calculated as follows:
1/8 = D's share / Total share of all partners
D's share = 14/8 = 1.75
Therefore, D's share in the future profit will be 1.75.
Step 3: Calculate the new share of A, B, and C.
The new share of A, B, and C can be calculated as follows:
A's share = 6/14 + 1.75/8 = 13/28
B's share = 5/14 + 1.75/8 = 11/28
C's share = 3/14 + 1.75/8 = 7/28
Therefore, the new profit sharing ratio of A, B, C, and D will be 13:11:7:1.75.
Conclusion
In conclusion, the new profit sharing ratio of A, B, C, and D will be 13:11:7:1.75. The existing partners' share in the profit will decrease, and D's share will be added to the total profit sharing ratio.
Step 1: Calculate the total share of the existing partners.
Total share of A, B, and C = 6 + 5 + 3 = 14
Step 2: Calculate the share of D.
As D is taking 1/8 share in the future profit, his share can be calculated as follows:
1/8 = D's share / Total share of all partners
D's share = 14/8 = 1.75
Therefore, D's share in the future profit will be 1.75.
Step 3: Calculate the new share of A, B, and C.
The new share of A, B, and C can be calculated as follows:
A's share = 6/14 + 1.75/8 = 13/28
B's share = 5/14 + 1.75/8 = 11/28
C's share = 3/14 + 1.75/8 = 7/28
Therefore, the new profit sharing ratio of A, B, C, and D will be 13:11:7:1.75.
Conclusion
In conclusion, the new profit sharing ratio of A, B, C, and D will be 13:11:7:1.75. The existing partners' share in the profit will decrease, and D's share will be added to the total profit sharing ratio.
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A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner?
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A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner?.
A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B, C are partners sharing profit and loses in the ratio 6:5:3 . They admit D as a partner for 1/8 share in the future profit. Calculate the new profit sharing ratio of all the partner?.
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