Question

Three business partners, A, B and C, share the profits as follows: The ratio of A’s share to B’s share is 6:5 and the ratio of B’s share to C’s share is 3:4. Determine

Answer 1

Answer:

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Answer 2

Answer:

Old ratio (A, B, and C) = 4 : 3 : 2

D is admitted for 1/10 share

Let the combined share of profit for all partners after D's admission = 1

Combined share of A, B and C after D's admission = 1 - D's share

= 1 - (1/10)

= 9/10

New ratio = Old ratio * Combined share of A, B and C

A's new share = (4/9) * (9/10)

= 4/10

B's new share = (3/9) * (9/10)

= 3/10

C's new share = (2/9) * (9/10)

= 2/10

D's share = 1/10

Therefore, new share of A, B, C and D = (4/10), (3/10), (2/10) and (1/10)

= 4 : 3 : 2 : 1