CA Foundation Exam > CA Foundation Questions > A,B,and C are equal partners with capitals of...
Start Learning for Free
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none?
Verified Answer
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, ...
This question is part of UPSC exam. View all CA Foundation courses
Most Upvoted Answer
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, ...
Given Information:
- A, B, and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, and Rs.50,000 respectively.
- C retires and his share is acquired by A and B in the ratio of 6:4.
To Find:
The gaining ratio.
Solution:
Step 1: Calculate the Total Capital:
To find the total capital, we need to add the capitals of A, B, and C.
Total Capital = Rs.1,00,000 + Rs.75,000 + Rs.50,000 = Rs.2,25,000
Step 2: Calculate the New Capitals of A and B:
Since C retires and his share is acquired by A and B in the ratio of 6:4, we can calculate the new capitals of A and B using the following formula:
New Capital = (Old Capital x Ratio) / Total Ratio
New Capital of A = (Rs.1,00,000 x 6) / 10 = Rs.60,000
New Capital of B = (Rs.75,000 x 6) / 10 = Rs.45,000
Step 3: Calculate the Gaining Ratio:
Gaining Ratio = New Capital of A - Old Capital of A : New Capital of B - Old Capital of B
Gaining Ratio = (Rs.60,000 - Rs.1,00,000) : (Rs.45,000 - Rs.75,000)
Gaining Ratio = (-Rs.40,000) : (-Rs.30,000)
Gaining Ratio = 4:3
Step 4: Simplify the Gaining Ratio:
To simplify the gaining ratio, we divide both sides by the greatest common divisor (GCD) of 4 and 3, which is 1.
Simplified Gaining Ratio = 4/1 : 3/1 = 4:3
Final Answer:
The gaining ratio is 4:3, which means option c) 2:3 is the correct answer.
- A, B, and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, and Rs.50,000 respectively.
- C retires and his share is acquired by A and B in the ratio of 6:4.
To Find:
The gaining ratio.
Solution:
Step 1: Calculate the Total Capital:
To find the total capital, we need to add the capitals of A, B, and C.
Total Capital = Rs.1,00,000 + Rs.75,000 + Rs.50,000 = Rs.2,25,000
Step 2: Calculate the New Capitals of A and B:
Since C retires and his share is acquired by A and B in the ratio of 6:4, we can calculate the new capitals of A and B using the following formula:
New Capital = (Old Capital x Ratio) / Total Ratio
New Capital of A = (Rs.1,00,000 x 6) / 10 = Rs.60,000
New Capital of B = (Rs.75,000 x 6) / 10 = Rs.45,000
Step 3: Calculate the Gaining Ratio:
Gaining Ratio = New Capital of A - Old Capital of A : New Capital of B - Old Capital of B
Gaining Ratio = (Rs.60,000 - Rs.1,00,000) : (Rs.45,000 - Rs.75,000)
Gaining Ratio = (-Rs.40,000) : (-Rs.30,000)
Gaining Ratio = 4:3
Step 4: Simplify the Gaining Ratio:
To simplify the gaining ratio, we divide both sides by the greatest common divisor (GCD) of 4 and 3, which is 1.
Simplified Gaining Ratio = 4/1 : 3/1 = 4:3
Final Answer:
The gaining ratio is 4:3, which means option c) 2:3 is the correct answer.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none?
Question Description
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none?.
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none?.
Solutions for A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? 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,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? defined & explained in the simplest way possible. Besides giving the explanation of
A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none?, a detailed solution for A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? has been provided alongside types of A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? theory, EduRev gives you an
ample number of questions to practice A,B,and C are equal partners with capitals of Rs.1,00,000, Rs.75,000, Rs.50,000 respectively. On c's retirement his share is acquired by A and B in the ratio of 6:4 respectively. Gaining ratio will be a)3:2 b)2:2 c)2:3 d)none? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup