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A, B, C, D are partners sharing their profits and losses equally. They change their profit sharing ratio to 2:2:1:1. How much will C sacrifice?
- a)1/6
- b)1/12
- c)1/24
- d)None
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
A, B, C, D are partners sharing their profits and losses equally. They...
Solution:
Initial profit sharing ratio = 1:1:1:1
New profit sharing ratio = 2:2:1:1
To find out how much C will sacrifice, we need to compare the old share of C with the new share of C.
Let the total profit of the firm be x.
Initial share of C = (1/4) x
New share of C = (1/6) x
C sacrifice = Initial share of C - New share of C
= (1/4)x - (1/6)x
= (3x - 2x)/12
= x/12
Therefore, C will sacrifice 1/12th of the total profit.
Hence, option B is the correct answer.
Initial profit sharing ratio = 1:1:1:1
New profit sharing ratio = 2:2:1:1
To find out how much C will sacrifice, we need to compare the old share of C with the new share of C.
Let the total profit of the firm be x.
Initial share of C = (1/4) x
New share of C = (1/6) x
C sacrifice = Initial share of C - New share of C
= (1/4)x - (1/6)x
= (3x - 2x)/12
= x/12
Therefore, C will sacrifice 1/12th of the total profit.
Hence, option B is the correct answer.
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A, B, C, D are partners sharing their profits and losses equally. They...
C's sacrifice ratio =Old ratio-new ratio= 1/4-1/6=2/24 =1/12.
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A, B, C, D are partners sharing their profits and losses equally. They change their profit sharing ratio to 2:2:1:1. How much will C sacrifice?a)1/6b)1/12c)1/24d)NoneCorrect answer is option 'B'. Can you explain this answer?
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