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A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?
- a)Rs. 9,000.
- b)Rs. 12,000.
- c)Rs. 14,500.
- d)Rs. 11,250.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A and B are partners sharing profits and losses in the ratio of 3:2 (A...
Present capital for 4/5 share is Rs. 45000 (Both existing partners).
So, for remaining 1/5th share, its 45000 x 1/4 = 11,250
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A and B are partners sharing profits and losses in the ratio of 3:2 (A...
Given:
- A and B are partners sharing profits and losses in the ratio of 3:2
- A's capital is Rs. 30,000 and B's capital is Rs. 15,000
- C is admitted and agreed to give 1/5th share of profits to him
To Find: How much C should bring in towards his capital?
Solution:
Let's first calculate the total profit-sharing ratio of A, B, and C.
Total Ratio = A:B:C = 3:2:x (let's assume x as C's share)
As per the question, C is agreed to give 1/5th share of profits to him.
So, the remaining profit will be shared between A and B in the ratio of 3:2.
Therefore, the profit-sharing ratio of A, B, and C after C's share is deducted = 3:2:4 (as 1/5th of the total ratio is 4)
Given,
- A's capital = Rs. 30,000
- B's capital = Rs. 15,000
Let's calculate the total capital of the firm after C's admission.
Total Capital = A's Capital + B's Capital + C's Capital
Total Capital = Rs. 30,000 + Rs. 15,000 + C's Capital
Total Capital = Rs. 45,000 + C's Capital
Now, let's apply the concept of the sum of ratios to find out C's capital.
Sum of ratios = Total Capital : C's Capital
Sum of ratios = (Rs. 45,000 + C's Capital) : C's Capital
As per the profit-sharing ratio,
3:2:4 = 3x : 2x : 4x
Therefore,
Total Ratio = 3x + 2x + 4x = 9x
Now, we can equate the total ratio with the sum of ratios to get the value of C's capital.
9x = (Rs. 45,000 + C's Capital) : C's Capital
9x * C's Capital = Rs. 45,000 + C's Capital
8x * C's Capital = Rs. 45,000
C's Capital = Rs. 45,000 / 8x
C's share of profit = 1/5th of the total profit
C's share of profit = 1/5 * Total Profit
Let's assume the total profit as P.
C's share of profit = P/5
As per the question, C is agreed to give 1/5th of the total profit to him.
So, the remaining profit will be shared between A and B in the ratio of 3:2.
Therefore,
C's share of profit = P/5
A's share of profit = 3P/5 * 3/5 = 9P/25
B's share of profit = 2P/5 * 2/5 = 4P/25
Given that C's share of profit = 1/5 * P
And, C's share of profit = C's capital * Profit-sharing ratio of C
Therefore,
C's capital * 4/9 = P/5
C's capital = P/5 * 9
- A and B are partners sharing profits and losses in the ratio of 3:2
- A's capital is Rs. 30,000 and B's capital is Rs. 15,000
- C is admitted and agreed to give 1/5th share of profits to him
To Find: How much C should bring in towards his capital?
Solution:
Let's first calculate the total profit-sharing ratio of A, B, and C.
Total Ratio = A:B:C = 3:2:x (let's assume x as C's share)
As per the question, C is agreed to give 1/5th share of profits to him.
So, the remaining profit will be shared between A and B in the ratio of 3:2.
Therefore, the profit-sharing ratio of A, B, and C after C's share is deducted = 3:2:4 (as 1/5th of the total ratio is 4)
Given,
- A's capital = Rs. 30,000
- B's capital = Rs. 15,000
Let's calculate the total capital of the firm after C's admission.
Total Capital = A's Capital + B's Capital + C's Capital
Total Capital = Rs. 30,000 + Rs. 15,000 + C's Capital
Total Capital = Rs. 45,000 + C's Capital
Now, let's apply the concept of the sum of ratios to find out C's capital.
Sum of ratios = Total Capital : C's Capital
Sum of ratios = (Rs. 45,000 + C's Capital) : C's Capital
As per the profit-sharing ratio,
3:2:4 = 3x : 2x : 4x
Therefore,
Total Ratio = 3x + 2x + 4x = 9x
Now, we can equate the total ratio with the sum of ratios to get the value of C's capital.
9x = (Rs. 45,000 + C's Capital) : C's Capital
9x * C's Capital = Rs. 45,000 + C's Capital
8x * C's Capital = Rs. 45,000
C's Capital = Rs. 45,000 / 8x
C's share of profit = 1/5th of the total profit
C's share of profit = 1/5 * Total Profit
Let's assume the total profit as P.
C's share of profit = P/5
As per the question, C is agreed to give 1/5th of the total profit to him.
So, the remaining profit will be shared between A and B in the ratio of 3:2.
Therefore,
C's share of profit = P/5
A's share of profit = 3P/5 * 3/5 = 9P/25
B's share of profit = 2P/5 * 2/5 = 4P/25
Given that C's share of profit = 1/5 * P
And, C's share of profit = C's capital * Profit-sharing ratio of C
Therefore,
C's capital * 4/9 = P/5
C's capital = P/5 * 9
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A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer?.
A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer?.
Solutions for A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B are partners sharing profits and losses in the ratio of 3:2 (A’s Capital is Rs. 30,000 and B’s Capital is Rs. 15,000). They admitted C agreed to give 1/5th share of profits to him.How much C should bring in towards his capital?a)Rs. 9,000.b)Rs. 12,000.c)Rs. 14,500.d)Rs. 11,250.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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