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A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio
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A and B are partners sharing profits in the ratio of 5:3. C is admitte...
Calculation of New Profit Sharing Ratio
Initial Profit Sharing Ratio
A and B are partners sharing profits in the ratio of 5:3. This means that A gets 5 parts of the profit and B gets 3 parts of the profit.
Therefore, the initial profit sharing ratio of A and B is:
- A: 5 parts
- B: 3 parts
Admission of C
C is admitted to the partnership for 1/4th share of future profits. This means that C will get 1 part out of the total 4 parts of the future profits.
New Profit Sharing Ratio
The new profit sharing ratio after the admission of C can be calculated as follows:
- Total parts of profit sharing ratio = 5 + 3 + 4 = 12
- New profit sharing ratio of A = (5/12) x 100% = 41.67%
- New profit sharing ratio of B = (3/12) x 100% = 25%
- New profit sharing ratio of C = (4/12) x 100% = 33.33%
Therefore, the new profit sharing ratio after the admission of C is:
- A: 41.67%
- B: 25%
- C: 33.33%
Community Answer
A and B are partners sharing profits in the ratio of 5:3. C is admitte...
Given: A:B=5:3
Or, 5/8, 3/8
C is admitted 1/4 th share
Let, profit be 1
Therefore,
A=5/8*3/4=15/32
B=3/8*3/4=9/32
C=1/4*8/8=8/32
So, new profit sharing ratio of A:B:C is 15:9:8
Or, 5/8, 3/8
C is admitted 1/4 th share
Let, profit be 1
Therefore,
A=5/8*3/4=15/32
B=3/8*3/4=9/32
C=1/4*8/8=8/32
So, new profit sharing ratio of A:B:C is 15:9:8
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A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio
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A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio.
A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners sharing profits in the ratio of 5:3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio.
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