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A and B are partners sharing profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.?
Most Upvoted Answer
A and B are partners sharing profits in the ratio 3:1. They admitted C...
**Solution:**
Given:
Profit sharing ratio between A and B = 3:1
To find:
New ratio of A:B:C
**Step 1: Calculate the total profit and shares of A and B:**
Let's assume the total profit is P.
According to the given ratio, A's share is 3/4 of the total profit (3/4P) and B's share is 1/4 of the total profit (1/4P).
**Step 2: Calculate the share of C:**
Since C is a new partner, their share can be calculated by subtracting the total share of A and B from the total profit.
C's share = Total profit - (A's share + B's share)
C's share = P - (3/4P + 1/4P)
C's share = P - P
C's share = 0
Therefore, C's share is zero.
**Step 3: Determine the new ratio of A, B, and C:**
The new ratio of A, B, and C is given by their respective shares.
New ratio of A:B:C = A's share : B's share : C's share
New ratio of A:B:C = 3/4P : 1/4P : 0
New ratio of A:B:C = 3:1:0
Thus, the new ratio of A, B, and C is 3:1:0, which means C will not have any share in the profit as their share is zero.
Explanation:
When a new partner is admitted, the total profit is divided among all the partners in their respective profit sharing ratios. In this case, the profit sharing ratio between A and B remains unchanged at 3:1. The share of the new partner, C, is calculated by subtracting the total share of A and B from the total profit. Since C is a new partner and not mentioned in the given ratio, their share is zero. Therefore, the new ratio of A, B, and C is 3:1:0.
Given:
Profit sharing ratio between A and B = 3:1
To find:
New ratio of A:B:C
**Step 1: Calculate the total profit and shares of A and B:**
Let's assume the total profit is P.
According to the given ratio, A's share is 3/4 of the total profit (3/4P) and B's share is 1/4 of the total profit (1/4P).
**Step 2: Calculate the share of C:**
Since C is a new partner, their share can be calculated by subtracting the total share of A and B from the total profit.
C's share = Total profit - (A's share + B's share)
C's share = P - (3/4P + 1/4P)
C's share = P - P
C's share = 0
Therefore, C's share is zero.
**Step 3: Determine the new ratio of A, B, and C:**
The new ratio of A, B, and C is given by their respective shares.
New ratio of A:B:C = A's share : B's share : C's share
New ratio of A:B:C = 3/4P : 1/4P : 0
New ratio of A:B:C = 3:1:0
Thus, the new ratio of A, B, and C is 3:1:0, which means C will not have any share in the profit as their share is zero.
Explanation:
When a new partner is admitted, the total profit is divided among all the partners in their respective profit sharing ratios. In this case, the profit sharing ratio between A and B remains unchanged at 3:1. The share of the new partner, C, is calculated by subtracting the total share of A and B from the total profit. Since C is a new partner and not mentioned in the given ratio, their share is zero. Therefore, the new ratio of A, B, and C is 3:1:0.
Community Answer
A and B are partners sharing profits in the ratio 3:1. They admitted C...
According to me, answer is 9:3:1
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A and B are partners sharing profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.?
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A and B are partners sharing profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.? 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 profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.? 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 profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.?.
A and B are partners sharing profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.? 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 profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.? 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 profits in the ratio 3:1. They admitted C as new partner. Calculate new ratio of A:B:C assuming thar profit sharing ratio between A and B has not changed.?.
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