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A and B are partners sharing profits in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:
- a)5:6:3.
- b)2:4:6.
- c)18:24:38.
- d)17:11:12
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A and B are partners sharing profits in the ratio 5:3, they admitted C...
Given:
A and B share profits in the ratio of 5:3
C is given 3/10th share of profit
C acquires 1/5th share from A and 1/10th share from B
To find: New profit sharing ratio
Step-by-step solution:
1. Let the total profit be x
2. A's share in the profit = 5/8 * x
3. B's share in the profit = 3/8 * x
4. C's share in the profit = 3/10 * x
5. C acquires 1/5th share from A, which is (1/5 * 5/8) = 1/8 of the total profit. Hence, A's new share in the profit = 5/8 - 1/8 = 4/8 = 1/2
6. C acquires 1/10th share from B, which is (1/10 * 3/8) = 3/80 of the total profit. Hence, B's new share in the profit = 3/8 - 3/80 = 27/80
7. Add up the new shares of A, B, and C to get the total profit: 1/2 + 27/80 + 3/10 = 17/40
8. New profit sharing ratio: A:B:C = (1/2)/(27/80)/(3/10) = 17:11:12
Hence, the correct answer is option D) 17:11:12.
A and B share profits in the ratio of 5:3
C is given 3/10th share of profit
C acquires 1/5th share from A and 1/10th share from B
To find: New profit sharing ratio
Step-by-step solution:
1. Let the total profit be x
2. A's share in the profit = 5/8 * x
3. B's share in the profit = 3/8 * x
4. C's share in the profit = 3/10 * x
5. C acquires 1/5th share from A, which is (1/5 * 5/8) = 1/8 of the total profit. Hence, A's new share in the profit = 5/8 - 1/8 = 4/8 = 1/2
6. C acquires 1/10th share from B, which is (1/10 * 3/8) = 3/80 of the total profit. Hence, B's new share in the profit = 3/8 - 3/80 = 27/80
7. Add up the new shares of A, B, and C to get the total profit: 1/2 + 27/80 + 3/10 = 17/40
8. New profit sharing ratio: A:B:C = (1/2)/(27/80)/(3/10) = 17:11:12
Hence, the correct answer is option D) 17:11:12.
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A and B are partners sharing profits in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct 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 in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct 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 in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct answer is option 'D'. Can you explain this answer?.
A and B are partners sharing profits in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct 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 in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct 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 in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct answer is option 'D'. Can you explain this answer?.
Solutions for A and B are partners sharing profits in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct 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 in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct answer is option 'D'. Can you explain this answer?, a detailed solution for A and B are partners sharing profits in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of A and B are partners sharing profits in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct 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 in the ratio 5:3, they admitted C giving him 3/10th share of profit. If C acquires 1/5th share from A and 1/10th from B, new profit sharing ratio will be:a)5:6:3.b)2:4:6.c)18:24:38.d)17:11:12Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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