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1. K and I are equal partners. They admitted M for-th 1 4 share in future profits. New profit sharing ratio will be (a) 2:2:1 (b) 3:3:1 (c) 3:3:2 (d) None of these
Answers
Old ratio of K and L is 1:1
M's share = 1/4
Actual share = 1
Remaining share = 1-1/4
= 4-1/4
= 3/4
K's new ratio = 1/2 x 3/4 = 3/8
L's new ratio = 1/2 x 3/4 = 3/8
M's new ratio = 1/4 x 2/2 = 2/8
New ratio of K, L and M is 3:3:2
Prerna ❤ Shivansh
New profit-sharing ratio will be (c) 3:3:2
Option (C)3:3:2 is the correct answer
Given:
K and I are equal partners
M admitted for 1/4 th share
To find:
new profit sharing ratio of K, I, and M
Solution:
Calculation of new profit sharing ratio:
Share of M in profit = 1/4
the remaining share of profit = 1 - 1/4
= 3/4
revised share of K in profit = 3/4 * 1/2
=3/8
revised share of I in profit = 3/4 * 1/2
=3/8
The profit sharing ratio of K, I, AND M is 3/8, 3/8 & 1/4
Which is the same as 3:3:2
Therefore, the new profit-sharing ratio of K, I, AND M will be 3:3:2
hence, Option (C)3:3:2 is the correct answer
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