Question

A and B who are in partnership sharing profits and losses in the ratio of 3 : 2
admit C for 1/5 share in profits. The capitals of A and B after adjustments are
*60,000 and 40,000 respectively. C is to bring 20% of the total capital of the
new firm. Calculate C's Capital.
​

Answer 1

Answer:

20000 is C capital because total capital is 100000 and it's 20 percent is 20000