Commerce Exam > Commerce Questions > A and B are partners in a firm sharing profit...
Start Learning for Free
A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.
- a)It is 3:2:1
- b)It is 2:4:3
- c)It is 3:4:2
- d)It is 4:2:3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A and B are partners in a firm sharing profits and losses in the ratio...
Given:
- A and B are partners with profit-sharing ratio 1:2.
- C is admitted into the partnership and given 1/3rd share of future profits.
To find: New ratio of the partners.
Solution:
Let the total profit be x.
Then, profit shares of A and B will be (1/3)x and (2/3)x respectively.
Let the share of C be y.
Then, y = (1/3)x/3 = (1/9)x
Thus, the new profit-sharing ratio will be:
A : B : C
= (1/3)x : (2/3)x : y
= (1/3)x : (2/3)x : (1/9)x
= 3x : 6x : x
= 3 : 6 : 1
= 2 : 4 : 1 (by dividing each term by the lowest term)
Therefore, the new ratio of partners is 2:4:1, which is option (b).
- A and B are partners with profit-sharing ratio 1:2.
- C is admitted into the partnership and given 1/3rd share of future profits.
To find: New ratio of the partners.
Solution:
Let the total profit be x.
Then, profit shares of A and B will be (1/3)x and (2/3)x respectively.
Let the share of C be y.
Then, y = (1/3)x/3 = (1/9)x
Thus, the new profit-sharing ratio will be:
A : B : C
= (1/3)x : (2/3)x : y
= (1/3)x : (2/3)x : (1/9)x
= 3x : 6x : x
= 3 : 6 : 1
= 2 : 4 : 1 (by dividing each term by the lowest term)
Therefore, the new ratio of partners is 2:4:1, which is option (b).
Free Test
FREE
| Start Free Test |
Community Answer
A and B are partners in a firm sharing profits and losses in the ratio...
Remaing share of A&B=1-1/3=2/3. A's new share=1/3*2/3=2/9 B's new share=2/3*2/3=4/9 C's share=1/3=1/3*3/3=3/9(Making the denomonator same) new share=2/9:4/9:3/9 . =2:4:3
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
Question Description
A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? for Commerce 2025 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 in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer?.
A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? for Commerce 2025 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 in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer?.
Solutions for A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.a)It is 3:2:1b)It is 2:4:3c)It is 3:4:2d)It is 4:2:3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup