Commerce Exam > Commerce Questions > A and B are partners sharing profit in the ra...
Start Learning for Free
A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:?
Most Upvoted Answer
A and B are partners sharing profit in the ration of 2:1.They admit C ...
Explanation:
When A and B are partners and they share the profit in the ratio of 2:1, it means that out of every 3 units of profit, 2 units belong to A and 1 unit belongs to B.
After admitting C, the new ratio will be determined by adding A's share, B's share, and C's share and then dividing the total profit in that ratio.
Let's assume that the total profit is X.
- A's share = 2/3 of X
- B's share = 1/3 of X
- C's share = 1/3 of the future profits (as given in the question)
Now, we need to add these shares and divide the total profit in the new ratio.
- A's share + B's share + C's share = 2/3X + 1/3X + 1/3 of future profits
- = X + 1/3 of future profits
The new ratio will be:
- A:B:C = 2/3X : 1/3X : 1/3 of future profits
- Simplifying it, we get: 2X : X : 1/3 of future profits
- Or, 6X : 3X : future profits
- Or, 2 : 1 : 1/6
Therefore, the new ratio will be 2:1:1/6.
Conclusion:
When A and B are partners sharing profit in the ratio of 2:1 and they admit C as a partner by giving him 1/3 share in future profits, the new ratio will be 2:1:1/6.
When A and B are partners and they share the profit in the ratio of 2:1, it means that out of every 3 units of profit, 2 units belong to A and 1 unit belongs to B.
After admitting C, the new ratio will be determined by adding A's share, B's share, and C's share and then dividing the total profit in that ratio.
Let's assume that the total profit is X.
- A's share = 2/3 of X
- B's share = 1/3 of X
- C's share = 1/3 of the future profits (as given in the question)
Now, we need to add these shares and divide the total profit in the new ratio.
- A's share + B's share + C's share = 2/3X + 1/3X + 1/3 of future profits
- = X + 1/3 of future profits
The new ratio will be:
- A:B:C = 2/3X : 1/3X : 1/3 of future profits
- Simplifying it, we get: 2X : X : 1/3 of future profits
- Or, 6X : 3X : future profits
- Or, 2 : 1 : 1/6
Therefore, the new ratio will be 2:1:1/6.
Conclusion:
When A and B are partners sharing profit in the ratio of 2:1 and they admit C as a partner by giving him 1/3 share in future profits, the new ratio will be 2:1:1/6.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:?
Question Description
A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:?.
A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:?.
Solutions for A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? defined & explained in the simplest way possible. Besides giving the explanation of
A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:?, a detailed solution for A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? has been provided alongside types of A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? theory, EduRev gives you an
ample number of questions to practice A and B are partners sharing profit in the ration of 2:1.They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be:? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup