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A and B are partners, sharing profits in the ratio of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:
- a)21:11:8
- b)20:10:4
- c)15:10:4
- d)None
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A and B are partners, sharing profits in the ratio of 5:3. They admit ...
C is acquiring 1/10th equally from both A and B,
A's new share= 5/8 - 1/10= 21/40
B's new share= 3/8 - 1/10= 11/40
C's share= 8/40
New profit-sharing ratio= 21:11:8
Therefore, D is the correct answer.
B's new share= 3/8 - 1/10= 11/40
C's share= 8/40
New profit-sharing ratio= 21:11:8
Therefore, D is the correct answer.
Most Upvoted Answer
A and B are partners, sharing profits in the ratio of 5:3. They admit ...
Old ratio
A=5/8 B=3/8
Admitted partner C gets 1/10 from A and 1/10 from B
From A: 5/8-1/10= 42/80= 21/40
From B: 3/8-1/10= 22/80= 11/40
C's share 1/5= 8/40
New share= 21/40:11/40:8:40= 21:11:8
Option A is the right answer
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A and B are partners, sharing profits in the ratio of 5:3. They admit ...
Calculation:
Let's first calculate the share of C in the profits.
C acquires 1/10 share from both A and B. So, the total share acquired by C is 1/10 + 1/10 = 1/5.
Profit sharing ratio:
The profit sharing ratio after admitting C will be the ratio of the remaining profits of A and B.
The remaining profit for A will be (1 - 1/10) = 9/10.
The remaining profit for B will be (1 - 1/10) = 9/10.
The new profit sharing ratio will be 9/10 : 9/10 : 1/5.
To simplify this ratio, we can multiply each term by the same number to obtain whole numbers.
Multiplying each term by 10 will give us the simplified ratio of 9 : 9 : 2.
Final Ratio:
The final profit sharing ratio will be 9 : 9 : 2.
Simplifying this ratio further, we get 21 : 21 : 4.
Hence, the new profit sharing ratio is 21 : 21 : 4, which is option 'D'.
Let's first calculate the share of C in the profits.
C acquires 1/10 share from both A and B. So, the total share acquired by C is 1/10 + 1/10 = 1/5.
Profit sharing ratio:
The profit sharing ratio after admitting C will be the ratio of the remaining profits of A and B.
The remaining profit for A will be (1 - 1/10) = 9/10.
The remaining profit for B will be (1 - 1/10) = 9/10.
The new profit sharing ratio will be 9/10 : 9/10 : 1/5.
To simplify this ratio, we can multiply each term by the same number to obtain whole numbers.
Multiplying each term by 10 will give us the simplified ratio of 9 : 9 : 2.
Final Ratio:
The final profit sharing ratio will be 9 : 9 : 2.
Simplifying this ratio further, we get 21 : 21 : 4.
Hence, the new profit sharing ratio is 21 : 21 : 4, which is option 'D'.
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A and B are partners, sharing profits in the ratio of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. 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 of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. 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 of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. Can you explain this answer?.
A and B are partners, sharing profits in the ratio of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. 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 of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. 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 of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. Can you explain this answer?.
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A and B are partners, sharing profits in the ratio of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for A and B are partners, sharing profits in the ratio of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of A and B are partners, sharing profits in the ratio of 5:3. They admit C with 1/5 share in profits, which he acquires equally from both 1/10 from A and 1/10 from B. New profit sharing ratio will be:a)21:11:8b)20:10:4c)15:10:4d)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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