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A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.
Now calculate the new profit ratio of A,B,C and D?
Now calculate the new profit ratio of A,B,C and D?
Most Upvoted Answer
A and B were partners sharing profits in the ratio 3:2 they admit C an...
Given Data:
- A and B's profit sharing ratio: 3:2
Calculation:
Step 1: Calculate the new profit sharing ratio after A and B surrender a portion of their shares
- A surrenders 1/3 of his share in favor of C:
- A's new share = (2/3) * 3 = 2
- B surrenders 1/4 of his share in favor of D:
- B's new share = (3/4) * 2 = 1.5
Step 2: Calculate the total profit ratio after admitting C and D
- Total profit ratio = A's new share + B's new share + C's share + D's share
- Total profit ratio = 2 + 1.5 + 1 + 1 = 5.5
Step 3: Calculate the new profit sharing ratio for A, B, C, and D
- A's new profit share = (2/5.5) * Total profit = 2/5.5
- B's new profit share = (1.5/5.5) * Total profit = 1.5/5.5
- C's profit share = (1/5.5) * Total profit = 1/5.5
- D's profit share = (1/5.5) * Total profit = 1/5.5
Final Profit Sharing Ratio:
- A:B:C:D = 2/5.5 : 1.5/5.5 : 1/5.5 : 1/5.5
- Simplifying the ratios, we get the final profit sharing ratio for A, B, C, and D.
- A and B's profit sharing ratio: 3:2
Calculation:
Step 1: Calculate the new profit sharing ratio after A and B surrender a portion of their shares
- A surrenders 1/3 of his share in favor of C:
- A's new share = (2/3) * 3 = 2
- B surrenders 1/4 of his share in favor of D:
- B's new share = (3/4) * 2 = 1.5
Step 2: Calculate the total profit ratio after admitting C and D
- Total profit ratio = A's new share + B's new share + C's share + D's share
- Total profit ratio = 2 + 1.5 + 1 + 1 = 5.5
Step 3: Calculate the new profit sharing ratio for A, B, C, and D
- A's new profit share = (2/5.5) * Total profit = 2/5.5
- B's new profit share = (1.5/5.5) * Total profit = 1.5/5.5
- C's profit share = (1/5.5) * Total profit = 1/5.5
- D's profit share = (1/5.5) * Total profit = 1/5.5
Final Profit Sharing Ratio:
- A:B:C:D = 2/5.5 : 1.5/5.5 : 1/5.5 : 1/5.5
- Simplifying the ratios, we get the final profit sharing ratio for A, B, C, and D.
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A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D?
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A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D?.
A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B were partners sharing profits in the ratio 3:2 they admit C and D as new partner A surrender ⅓ of his share in favour of C and B surrender ¼ share in favour of D.Now calculate the new profit ratio of A,B,C and D?.
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