Question

A and B are partners in a firm. C was admitted as a new partner for 1/5th share. C bought proportionate capital. A and B after all adjustment were 64,000 and 46,000 respectively. Capital brought by C is?

Answer 1

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₹27,500

Explanation:

C's share of profit = 1/5

Remaining profits = (1 - 1/5) = 4/5

A's new share = (4/5 × 1/2) = 2/5

B's new share = (4/5 × 1/2) = 2/5

New ratio = 2:2:1

For 4/5 share partner's capital = ₹ (64000 + 46000) = ₹110000

For 1 whole share of profit capital = ₹ (110000 × 5/4)

For 1/5th share C's capital = ₹ (110000 × 5/4 × 1/5) = ₹27,500

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