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A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio
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A and B were partners. C joins them and it is decided that A recives h...
New Profit Sharing Ratio After the Inclusion of C
After C joins the partnership, the new profit sharing ratio needs to be calculated. The profit sharing ratio is the proportion in which the profits or losses of the business are shared among the partners.
Old Profit Sharing Ratio
The old profit sharing ratio between A and B was not given in the problem.
Calculation of A's Share
As per the given conditions, A will receive half of B's share. Let B's share be x. Then, A's share will be x/2.
Calculation of C's Share
C will receive one-third of A's share. Let A's share be y. Then, C's share will be y/3.
New Profit Sharing Ratio
The new profit sharing ratio can be calculated as follows:
A:B:C
(x/2):(x):(y/3)
To simplify the ratio, we can multiply all the ratios by 6 (the LCM of 2 and 3):
3x:6x:2y
Simplifying further, we get:
1:2:2/3
Therefore, the new profit sharing ratio between A, B, and C is 1:2:2/3.
Conclusion
The new profit sharing ratio after the inclusion of C is 1:2:2/3. This means that A will receive 1/7th of the profits, B will receive 2/7th of the profits, and C will receive 2/7th of the profits.
After C joins the partnership, the new profit sharing ratio needs to be calculated. The profit sharing ratio is the proportion in which the profits or losses of the business are shared among the partners.
Old Profit Sharing Ratio
The old profit sharing ratio between A and B was not given in the problem.
Calculation of A's Share
As per the given conditions, A will receive half of B's share. Let B's share be x. Then, A's share will be x/2.
Calculation of C's Share
C will receive one-third of A's share. Let A's share be y. Then, C's share will be y/3.
New Profit Sharing Ratio
The new profit sharing ratio can be calculated as follows:
A:B:C
(x/2):(x):(y/3)
To simplify the ratio, we can multiply all the ratios by 6 (the LCM of 2 and 3):
3x:6x:2y
Simplifying further, we get:
1:2:2/3
Therefore, the new profit sharing ratio between A, B, and C is 1:2:2/3.
Conclusion
The new profit sharing ratio after the inclusion of C is 1:2:2/3. This means that A will receive 1/7th of the profits, B will receive 2/7th of the profits, and C will receive 2/7th of the profits.
Community Answer
A and B were partners. C joins them and it is decided that A recives h...
Let B's share= x
then A's share = x/2
then C's share= x/2*1/3= x/6
then ratio between A, B and C are = x/2: x: x/6
take LCM of this ratio and we get ratio of 3:6:1
so new ratio = 3:6:1
then A's share = x/2
then C's share= x/2*1/3= x/6
then ratio between A, B and C are = x/2: x: x/6
take LCM of this ratio and we get ratio of 3:6:1
so new ratio = 3:6:1
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A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy
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A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy.
A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B were partners. C joins them and it is decided that A recives half of B share and C recives one third of A share find new profit sharing ratio Related: New Profit Sharing and Sacrificing Ratio (part b) - Class 12, Accountancy.
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