X, Y and Z are partners sharing Profits and Losses in the ratio of 8 : 7 : 5. Z retires and his share is taken equally by X and Y. Find the new profit sharing ratio.
  • a)
    19 : 21
  • b)
    7 : 5
  • c)
    5 : 7
  • d)
    21 : 19
Correct answer is option 'D'. Can you explain this answer?

Commerce Question

By Mehek Agarwal · May 05, 2020 ·Commerce
3 Answers
Shriyanshu Keshari answered Oct 19, 2018
D is right answer as X =8/20+5/40=21/40 Y = 7/20+5/40=19/40 new ratio = 21:19

Priya Pallawi answered May 14, 2020
New profit sharing is 21:19.
so, the answer is D

Atul Agrawal answered Jul 25, 2018
X and Y got 5/40 each from Z
So New Share of X= 8/20+ 5/40 = 21/40
     New Share of Y = 7/20+5/40 = 19/40
New PSR = 21:19
Hence d) is right answer

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