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X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be?
Most Upvoted Answer
X and y are partners sharing profit in the ratio of 3:2 as capital as ...
Solution:
Given,
X's capital = Rs. 100000
Y's capital = Rs. 50000
Profit sharing ratio of X and Y = 3:2
Calculation:
Total capital = Rs. 100000 + Rs. 50000 = Rs. 150000
Let’s assume Z’s capital be Rs. x
Then Z's share in the profit = 1/5
Total profit = Total capital - Total capital
Profit of X = 3/5 x (Total Profit)
Profit of Y = 2/5 x (Total Profit)
Profit of Z = 1/5 x (Total Profit)
As per the question, Z's share in the profit is 1/5
So, 1/5 x (Total Profit) = Profit of Z
1/5 x (Total Profit) = (x / 150000) x (Total Profit)
x = 1/5 x 150000
x = Rs. 30000
Therefore, Z will contribute Rs. 30000 as capital.
Explanation:
In this question, we have to find the capital amount which Z will contribute to get a 1/5 share in the profit. To solve this question, we need to follow the below steps:
- Firstly, we need to calculate the total capital of X and Y by adding their capital amounts.
- Then, we need to calculate the total profit by subtracting the total capital from the total capital.
- After that, we need to find the profit of X, Y and Z by using their profit sharing ratios.
- As per the question, Z's share in the profit is 1/5, so we need to equate it with the profit of Z and solve the equation to find the value of x, which is Z's capital.
Therefore, Z will contribute Rs. 30000 as capital to get a 1/5 share in the profit.
Given,
X's capital = Rs. 100000
Y's capital = Rs. 50000
Profit sharing ratio of X and Y = 3:2
Calculation:
Total capital = Rs. 100000 + Rs. 50000 = Rs. 150000
Let’s assume Z’s capital be Rs. x
Then Z's share in the profit = 1/5
Total profit = Total capital - Total capital
Profit of X = 3/5 x (Total Profit)
Profit of Y = 2/5 x (Total Profit)
Profit of Z = 1/5 x (Total Profit)
As per the question, Z's share in the profit is 1/5
So, 1/5 x (Total Profit) = Profit of Z
1/5 x (Total Profit) = (x / 150000) x (Total Profit)
x = 1/5 x 150000
x = Rs. 30000
Therefore, Z will contribute Rs. 30000 as capital.
Explanation:
In this question, we have to find the capital amount which Z will contribute to get a 1/5 share in the profit. To solve this question, we need to follow the below steps:
- Firstly, we need to calculate the total capital of X and Y by adding their capital amounts.
- Then, we need to calculate the total profit by subtracting the total capital from the total capital.
- After that, we need to find the profit of X, Y and Z by using their profit sharing ratios.
- As per the question, Z's share in the profit is 1/5, so we need to equate it with the profit of Z and solve the equation to find the value of x, which is Z's capital.
Therefore, Z will contribute Rs. 30000 as capital to get a 1/5 share in the profit.
Community Answer
X and y are partners sharing profit in the ratio of 3:2 as capital as ...
Ans. Z's contribution = 37,500.
Explanation:
let , z's share = x = 5x
total capital of new firm = 100000+50000+x
= 150000 + x
thus,
Hidden Goodwill = Incoming partners share - total capital
of new firm
=
= 5x - ( 150000+x)
= 4x - 150000
4x = 150000
x = 150000/4
[x = 37,500]
Explanation:
let , z's share = x = 5x
total capital of new firm = 100000+50000+x
= 150000 + x
thus,
Hidden Goodwill = Incoming partners share - total capital
of new firm
=
= 5x - ( 150000+x)
= 4x - 150000
4x = 150000
x = 150000/4
[x = 37,500]
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X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be?
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X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be?.
X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profit in the ratio of 3:2 as capital as 100000 and 50000 respectively z is admitted for 1/5 share in profit the amount z will contribute as capital will be?.
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