CA Foundation Exam > CA Foundation Questions > A and B share profits and losses in the ratio...
Start Learning for Free
A and B share profits and losses in the ratio 2:1.
C is admitted with 1/4th share in profits
C acquired 3/4th of his share from B. New profit and loss sharing ratio will be:
C is admitted with 1/4th share in profits
C acquired 3/4th of his share from B. New profit and loss sharing ratio will be:
- a)2: 1 : 1
- b)23 : 13 : 12
- c)3 : 1: 1
- d)1: 1: 1
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A and B share profits and losses in the ratio 2:1.C is admitted with 1...
Given, the profit and loss sharing ratio of A and B is 2:1.
C is admitted with 1/4th share in profits.
C acquired 3/4th of his share from B.
Finding the Share of A, B and C
Let us assume that the total profit is P.
Hence, the share of A and B in the profit will be 2P/3 and P/3 respectively.
Now, C is admitted with 1/4th share in profits. So, C's share in the profit will be P/4.
Also, C acquired 3/4th of his share from B. So, B's share in C's profit will be (3/4) * (P/4) = 3P/16.
Therefore, the new profit and loss sharing ratio will be as follows:
A's share = 2P/3
B's share = P/3 - 3P/16 = 13P/48
C's share = P/4 + 3P/16 = 7P/16
Calculating the Ratio
To simplify the ratio, we can multiply each share by the LCM of the fractions.
A's share = (2P/3) * 16 = 32P/48
B's share = (13P/48) * 4 = 13P/12
C's share = (7P/16) * 3 = 21P/48
Therefore, the new profit and loss sharing ratio will be:
32P/48 : 13P/12 : 21P/48
Simplifying the ratio by dividing each term by P/48:
32/2 : 13/1 : 21/2
= 16 : 13 : 12
Hence, the correct answer is option (B) 23:13:12.
C is admitted with 1/4th share in profits.
C acquired 3/4th of his share from B.
Finding the Share of A, B and C
Let us assume that the total profit is P.
Hence, the share of A and B in the profit will be 2P/3 and P/3 respectively.
Now, C is admitted with 1/4th share in profits. So, C's share in the profit will be P/4.
Also, C acquired 3/4th of his share from B. So, B's share in C's profit will be (3/4) * (P/4) = 3P/16.
Therefore, the new profit and loss sharing ratio will be as follows:
A's share = 2P/3
B's share = P/3 - 3P/16 = 13P/48
C's share = P/4 + 3P/16 = 7P/16
Calculating the Ratio
To simplify the ratio, we can multiply each share by the LCM of the fractions.
A's share = (2P/3) * 16 = 32P/48
B's share = (13P/48) * 4 = 13P/12
C's share = (7P/16) * 3 = 21P/48
Therefore, the new profit and loss sharing ratio will be:
32P/48 : 13P/12 : 21P/48
Simplifying the ratio by dividing each term by P/48:
32/2 : 13/1 : 21/2
= 16 : 13 : 12
Hence, the correct answer is option (B) 23:13:12.
Free Test
FREE
| Start Free Test |
Community Answer
A and B share profits and losses in the ratio 2:1.C is admitted with 1...
Can anyone please explain me.... this question
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer?
Question Description
A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. 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 share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. 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 share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer?.
A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. 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 share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. 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 share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer?.
Solutions for A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B share profits and losses in the ratio 2:1.C is admitted with 1/4th share in profitsC acquired 3/4th of his share from B. New profit and loss sharing ratio will be:a)2: 1 : 1b)23 : 13 : 12c)3 : 1: 1d)1: 1: 1Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup