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A and B are partners sharing profit and losses in the ratio of 3:2. C is admitted for1/5th share of profit out of which half share is gifted by A and the remaining share was taken by C equally from A and B. Calculate new profit sharing ratio.?
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A and B are partners sharing profit and losses in the ratio of 3:2. C ...
Calculation of New Profit Sharing Ratio
To calculate the new profit sharing ratio after the admission of partner C, we need to follow the given information and steps below:

Step 1: Initial Profit Sharing Ratio
- A and B's profit sharing ratio is 3:2.

Step 2: Admission of Partner C
- C is admitted for 1/5th share of profit.
- Half of C's share is gifted by A, and the remaining half is taken equally from A and B.

Step 3: Calculation
- Let the total profit be x.
- C's share = 1/5 * x = x/5
- Half of C's share = x/5 * 1/2 = x/10
- Share taken from A and B = x/10 * 1/2 = x/20 each
- New profit sharing ratio:
- A: 3 - x/20
- B: 2 - x/20
- C: x/5 + x/10 = 3x/10

Step 4: Simplify the Ratios
- Multiply by 20 to eliminate fractions:
- A: 60 - x
- B: 40 - x
- C: 12x
Therefore, the new profit sharing ratio after the admission of partner C is:
A: 60 - x
B: 40 - x
C: 12x
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A and B are partners sharing profit and losses in the ratio of 3:2. C is admitted for1/5th share of profit out of which half share is gifted by A and the remaining share was taken by C equally from A and B. Calculate new profit sharing ratio.?
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A and B are partners sharing profit and losses in the ratio of 3:2. C is admitted for1/5th share of profit out of which half share is gifted by A and the remaining share was taken by C equally from A and B. Calculate new profit sharing ratio.? 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 are partners sharing profit and losses in the ratio of 3:2. C is admitted for1/5th share of profit out of which half share is gifted by A and the remaining share was taken by C equally from A and B. Calculate new profit sharing ratio.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profit and losses in the ratio of 3:2. C is admitted for1/5th share of profit out of which half share is gifted by A and the remaining share was taken by C equally from A and B. Calculate new profit sharing ratio.?.
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