C was admitted in a firm with 1/4th share of the profit of the firm. C...
And B are the other partners in the firm. Let's assume that A and B have an equal share in the remaining 3/4th of the profit.
Total capital in the firm = C's capital + A's capital + B's capital
C's share of profit = 1/4th of total profit
Let's assume the total profit made by the firm is x
Therefore, C's share of profit = x/4
A and B's share of profit = 3x/4 divided equally between them, i.e., 3x/8 each
Now, let's find out the ratio of C's capital to the total capital in the firm:
C's capital = ₹30,000
Total capital in the firm = C's capital + A's capital + B's capital
Let's assume A and B have the same capital, so their capital can be represented as 2y
Therefore, total capital in the firm = ₹30,000 + 2y
The ratio of C's capital to the total capital in the firm can be represented as:
C's capital : Total capital = ₹30,000 : (₹30,000 + 2y)
We can simplify this ratio by dividing both sides by ₹30,000:
C's capital/₹30,000 : Total capital/₹30,000 = 1 : (1 + 2y/₹30,000)
Now, let's substitute the value of C's share of profit in the ratio:
C's share of profit : A and B's share of profit = 1 : 3
We know that C's share of profit is x/4, and A and B's share of profit is 3x/8 each. So, we can write:
x/4 : 3x/8 + 3x/8 = 1 : 3
Simplifying this ratio, we get:
x/4 : 3x/4 = 1 : 3
x/3 = C's share of profit = x/4
Solving for x, we get:
x = ₹36,000
Now, we can substitute the value of x in the ratio of C's capital to the total capital in the firm:
C's capital/₹30,000 : Total capital/₹30,000 = 1 : (1 + 2y/₹30,000)
C's capital/₹30,000 : (₹30,000 + 2y)/₹30,000 = 1 : 4/3
Cross-multiplying, we get:
3C's capital = ₹30,000 + 2y
Substituting the value of x, we get:
3C's capital = ₹30,000 + 2y = ₹36,000
Solving for y, we get:
y = ₹3,0000
So, A and B have a capital of ₹30,000 each.
Therefore, the ratio of their capitals to the total capital in the firm is:
A's capital : Total capital = ₹30,000 : ₹96,000
B's capital : Total capital = ₹30,000 : ₹96,000
C's capital : Total capital = ₹30,000 : ₹96,000
Therefore, the ratio of their shares in the profit will be