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X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing ratio will be?
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X and y are partners sharing profits in the ratio of 3 :2 . Z is admit...
Solution:
Given, X and Y are partners sharing profits in the ratio of 3:2.
Z is admitted as a new partner for 1/3rd share in profit.
Let the total profit be P.
Then, X’s share = 3P/5
Y’s share = 2P/5
Z’s share = P/3
Now, one-third share of Z is gifted to him by X.
So, X’s share in Z’s share = P/9
Remaining two-third share of Z is given to him by X and Y in equal amounts.
So, X’s share in Z’s share = (2/3) x (1/2) x P/3 = P/9
Therefore, X’s total share in the profit after giving a gift to Z = 3P/5 + P/9 + P/9 = 17P/45
Y’s total share in the profit = 2P/5 + P/9 + P/9 = 13P/45
Z’s total share in the profit = P/3 + P/9 + P/9 = 11P/45
Therefore, the new profit sharing ratio of X, Y, and Z will be:
X: Y: Z = 17P/45: 13P/45: 11P/45
Simplifying the above ratio, we get:
X: Y: Z = 17: 13: 11
Hence, the new profit sharing ratio of X, Y, and Z is 17:13:11.
Given, X and Y are partners sharing profits in the ratio of 3:2.
Z is admitted as a new partner for 1/3rd share in profit.
Let the total profit be P.
Then, X’s share = 3P/5
Y’s share = 2P/5
Z’s share = P/3
Now, one-third share of Z is gifted to him by X.
So, X’s share in Z’s share = P/9
Remaining two-third share of Z is given to him by X and Y in equal amounts.
So, X’s share in Z’s share = (2/3) x (1/2) x P/3 = P/9
Therefore, X’s total share in the profit after giving a gift to Z = 3P/5 + P/9 + P/9 = 17P/45
Y’s total share in the profit = 2P/5 + P/9 + P/9 = 13P/45
Z’s total share in the profit = P/3 + P/9 + P/9 = 11P/45
Therefore, the new profit sharing ratio of X, Y, and Z will be:
X: Y: Z = 17P/45: 13P/45: 11P/45
Simplifying the above ratio, we get:
X: Y: Z = 17: 13: 11
Hence, the new profit sharing ratio of X, Y, and Z is 17:13:11.
Community Answer
X and y are partners sharing profits in the ratio of 3 :2 . Z is admit...
X=3/5 - (1/3 x 1/3) - (1/3 x 2/3 x 1/2) = 17/45
Y=2/5 - (1/3 x 2/3 x 1/2) = 13/45
Z=1/3 x 15/15 = 15/45
New Ratio of X:Y:Z is 17:13:15.
Y=2/5 - (1/3 x 2/3 x 1/2) = 13/45
Z=1/3 x 15/15 = 15/45
New Ratio of X:Y:Z is 17:13:15.
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X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing ratio will be?
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X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing 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 X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing ratio will be? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing ratio will be?.
X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing 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 X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing ratio will be? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and y are partners sharing profits in the ratio of 3 :2 . Z is admitted as a new partner for 1/3 share in the profit. one third share of z is gifted to him by X and balance share was given to him by X and y equally their new profit sharing ratio will be?.
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