Question

and Y were partners sharing profits in the ratio of 3 : 2. They admitted P as new partners. X surrendered 1/3rd of his share in favour of P and Y surrendered 1/10th from his share in favour of P. New profit sharing ratio of X, Y, and P will be: *
1 point
4:3:3
3:3:4
1:1:1
5:4:1

​

Answer 1

Answer:

Old ratio (A and B) = 3 : 2

C is admitted for 1/5 th share

A's sacrifice in favour of C = (1/5) * (1/2) = (1/10)

B's sacrifice in favour of C = (1/5) * (1/2) = (1/10)

New ratio = Old ratio - Sacrificing ratio

A's new ratio = (3/5) - (1/10) = 5/10 or 1/5

B's new share = (2/5) - (1/10) = 3/10

C's share = A's sacrifice + B's sacrifice

= (1/10) + (1/10)

= 2/10

Therefore, new profit sharing ratio of A, B and C is 5 : 3 : 2

Answer 2

Explanation:

4:3:3

X surrender : 1/3×3/5= 3/15

Y surrender: 1/10

Surrender Ratio == 3/15 : 1/10 ====== 2:1

NEW RATIO = Old share -- share surrender

X newshare = 3/5 - 3/15= 6/15

Y newshare= 2/5 - 1/10 = 3/10

Z newshare = 3/15+1/10 = 9/30

NEW RATIO = 6/15: 3/10 : 9/30

= 4:3:3 is the answer