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X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be?
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X and y are the partner in a firm sharing profit loss in the ratio of ...
Introduction:
In this scenario, X and Y are partners in a firm sharing profits and losses in the ratio of 5:3. A new partner, Z, is admitted to the firm. Z acquires 1/3 of Y's share. We need to determine the new profit sharing ratio among X, Y, and Z.
Given Information:
- X and Y share profits and losses in the ratio of 5:3.
- Z acquires 1/3 of Y's share.
Calculation:
Step 1: Determine the shares of X and Y before the admission of Z:
- Let the total profit be P.
- X's share: 5P/(5+3) = 5P/8
- Y's share: 3P/(5+3) = 3P/8
Step 2: Determine Z's share:
- Z acquires 1/3 of Y's share, which is (1/3) * (3P/8) = P/8.
Step 3: Determine the new profit sharing ratio:
- X's share remains the same: 5P/8.
- Y's share will be reduced by Z's share: 3P/8 - P/8 = 2P/8 = P/4.
- Z's share will be the portion acquired from Y's share: P/8.
Therefore, the new profit sharing ratio among X, Y, and Z is 5P/8 : P/4 : P/8, which simplifies to:
- X's share: 5P/8
- Y's share: P/4
- Z's share: P/8
Conclusion:
After the admission of Z, the new profit sharing ratio among X, Y, and Z will be 5P/8 : P/4 : P/8.
In this scenario, X and Y are partners in a firm sharing profits and losses in the ratio of 5:3. A new partner, Z, is admitted to the firm. Z acquires 1/3 of Y's share. We need to determine the new profit sharing ratio among X, Y, and Z.
Given Information:
- X and Y share profits and losses in the ratio of 5:3.
- Z acquires 1/3 of Y's share.
Calculation:
Step 1: Determine the shares of X and Y before the admission of Z:
- Let the total profit be P.
- X's share: 5P/(5+3) = 5P/8
- Y's share: 3P/(5+3) = 3P/8
Step 2: Determine Z's share:
- Z acquires 1/3 of Y's share, which is (1/3) * (3P/8) = P/8.
Step 3: Determine the new profit sharing ratio:
- X's share remains the same: 5P/8.
- Y's share will be reduced by Z's share: 3P/8 - P/8 = 2P/8 = P/4.
- Z's share will be the portion acquired from Y's share: P/8.
Therefore, the new profit sharing ratio among X, Y, and Z is 5P/8 : P/4 : P/8, which simplifies to:
- X's share: 5P/8
- Y's share: P/4
- Z's share: P/8
Conclusion:
After the admission of Z, the new profit sharing ratio among X, Y, and Z will be 5P/8 : P/4 : P/8.
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X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be?
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X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be?.
X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are the partner in a firm sharing profit loss in the ratio of 5 ratio 3 Z is admitted who acquires 1/ 3 of Y, S share, new profit sharing ratio will be?.
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