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A, B and C are partners with profits sharing ratio 4:3:2. B retires. If A & C shares profits of B in 5:3, then find the new profit sharing ratio
- a)47:25
- b)17:11.
- c)31:11
- d)14:21
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A, B and C are partners with profits sharing ratio 4:3:2. B retires. I...
Old ratio ( A, B and C) = 4 : 3 : 2
B's profit share = 3/9 or 1/3
A and C decided to take his share in the ratio of 5 : 3
Share of B taken by A = (1/3) * (5/8) = 5/24
Share of B taken by C = (1/3) * (3/8) = 1/8 or 3/24
New profit sharing ratio = Old ratio + Share taken from B
A's new share = (4/9) + (5/24) = 47/72
C's new share = (2/9) + (1/8) = 25/72
Therfore, new profit share = 47 : 25
Most Upvoted Answer
A, B and C are partners with profits sharing ratio 4:3:2. B retires. I...
And C agree to share future profits equally, what will be their new profit sharing ratio?
Since B is retiring, his share of the profit will be divided between A and C. The new profit sharing ratio will be determined by dividing B's share equally between A and C.
Let's assume the total profit is P.
A's share = 4/9 * P
B's share = 3/9 * P
C's share = 2/9 * P
Since B is retiring, his share will be divided equally between A and C.
A's new share = A's previous share + B's share/2
A's new share = 4/9 * P + (3/9 * P)/2
A's new share = 4/9 * P + 3/18 * P
A's new share = 8/18 * P + 3/18 * P
A's new share = 11/18 * P
C's new share = C's previous share + B's share/2
C's new share = 2/9 * P + (3/9 * P)/2
C's new share = 2/9 * P + 3/18 * P
C's new share = 4/18 * P + 3/18 * P
C's new share = 7/18 * P
Therefore, the new profit sharing ratio between A and C will be 11:7.
Since B is retiring, his share of the profit will be divided between A and C. The new profit sharing ratio will be determined by dividing B's share equally between A and C.
Let's assume the total profit is P.
A's share = 4/9 * P
B's share = 3/9 * P
C's share = 2/9 * P
Since B is retiring, his share will be divided equally between A and C.
A's new share = A's previous share + B's share/2
A's new share = 4/9 * P + (3/9 * P)/2
A's new share = 4/9 * P + 3/18 * P
A's new share = 8/18 * P + 3/18 * P
A's new share = 11/18 * P
C's new share = C's previous share + B's share/2
C's new share = 2/9 * P + (3/9 * P)/2
C's new share = 2/9 * P + 3/18 * P
C's new share = 4/18 * P + 3/18 * P
C's new share = 7/18 * P
Therefore, the new profit sharing ratio between A and C will be 11:7.
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A, B and C are partners with profits sharing ratio 4:3:2. B retires. I...
A) 47:25
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A, B and C are partners with profits sharing ratio 4:3:2. B retires. If A & C shares profits of B in 5:3, then find the new profit sharing ratioa)47:25b)17:11.c)31:11d)14:21Correct answer is option 'A'. Can you explain this answer?
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