A and B share profits and losses in the ratio 2 : 1. C is admitted with 1/4th share in profits C acquired 3/4th of his share in profits from A and 1/4th of his share from B. New profit and loss sharing ratio will be
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Explanation:
1:3 and 2:3
d
ratio loss and profit
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Explanation:
Given :
A and B share profits and losses in the ratio 2 : 1.
Old ratio :
A : B = 2:1
A = 2/3
B = 1/3
C is admitted with 1/4 share in profits.
C acquires 3/4 of his share from A :
= 1/4 × 3/4
= 3/16
C acquires 1/4 of his share from B :
= 1/4 × 1/4
= 1/16
New profit sharing ratio =
A's new share :
→ 2/3 - 3/16 = (32 - 9)/48
= 23/48
B's new share :
→ 1/3 - 1/16 = (16 - 3)/48
= 13/48
C's share =
→ 1/4 = (1×12)/(4×12)
12/48
New profit sharing ratio =
A :B : C = 23/48 : 13/48 : 12/48
= 23 : 13 : 12
Hence, New profit sharing ratio =
A : B : C = 23 : 13 : 12
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