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Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.?
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Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 re...
Solution:
Given, Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively, and Suresh is to be admitted with a capital of 15,000.
Step 1: Calculate the total capital of the new firm.
Total capital of the new firm = Capital of Paresh + Capital of Mahesh + Capital of Suresh
= 25,000 + 40,000 + 15,000
= 80,000
Step 2: Calculate the profit-loss ratio of the new firm.
Profit-loss ratio of Paresh and Mahesh = 25,000 : 40,000
= 5 : 8
Profit-loss ratio of Suresh = 15,000 : 0
= 0 : 0
Total profit-loss ratio of the new firm = Profit-loss ratio of Paresh and Mahesh + Profit-loss ratio of Suresh
= 5 : 8 + 0 : 0
= 5 : 8
Therefore, the profit-loss ratio of the new firm is 5 : 8.
Explanation:
The profit-loss ratio of a partnership firm is the ratio in which the profits and losses are divided among the partners. In this question, Paresh and Mahesh are partners with capital of 25,000 and 40,000 respectively. Suresh is a new partner with a capital of 15,000. The total capital of the new firm is 80,000 (25,000 + 40,000 + 15,000).
To calculate the profit-loss ratio of the new firm, we first need to calculate the profit-loss ratio of each partner. The profit-loss ratio of Paresh and Mahesh is 5 : 8 (25,000 : 40,000). Suresh is a new partner and does not have any past profits or losses. Therefore, his profit-loss ratio is 0 : 0 (15,000 : 0).
The total profit-loss ratio of the new firm is the sum of the profit-loss ratios of all the partners. Therefore, the total profit-loss ratio of the new firm is 5 : 8 + 0 : 0 = 5 : 8.
In conclusion, the profit-loss ratio of the new firm is 5 : 8.
Given, Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively, and Suresh is to be admitted with a capital of 15,000.
Step 1: Calculate the total capital of the new firm.
Total capital of the new firm = Capital of Paresh + Capital of Mahesh + Capital of Suresh
= 25,000 + 40,000 + 15,000
= 80,000
Step 2: Calculate the profit-loss ratio of the new firm.
Profit-loss ratio of Paresh and Mahesh = 25,000 : 40,000
= 5 : 8
Profit-loss ratio of Suresh = 15,000 : 0
= 0 : 0
Total profit-loss ratio of the new firm = Profit-loss ratio of Paresh and Mahesh + Profit-loss ratio of Suresh
= 5 : 8 + 0 : 0
= 5 : 8
Therefore, the profit-loss ratio of the new firm is 5 : 8.
Explanation:
The profit-loss ratio of a partnership firm is the ratio in which the profits and losses are divided among the partners. In this question, Paresh and Mahesh are partners with capital of 25,000 and 40,000 respectively. Suresh is a new partner with a capital of 15,000. The total capital of the new firm is 80,000 (25,000 + 40,000 + 15,000).
To calculate the profit-loss ratio of the new firm, we first need to calculate the profit-loss ratio of each partner. The profit-loss ratio of Paresh and Mahesh is 5 : 8 (25,000 : 40,000). Suresh is a new partner and does not have any past profits or losses. Therefore, his profit-loss ratio is 0 : 0 (15,000 : 0).
The total profit-loss ratio of the new firm is the sum of the profit-loss ratios of all the partners. Therefore, the total profit-loss ratio of the new firm is 5 : 8 + 0 : 0 = 5 : 8.
In conclusion, the profit-loss ratio of the new firm is 5 : 8.
Community Answer
Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 re...
5:8:3
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Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.?
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Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.?.
Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Paresh and Mahesh are partners whose capitals are 25,000 and 40,000 respectively. If Suresh is to be admitted with a capital of 15,000, then find out the profit-loss ratio of new firm.?.
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