X and Y are partner's sharing profits in the ratio 3:2, and capital as Rs. 1,00,000 and Rs. 50,000 respectively. Z is admitted for 1/5th share in profits. What is the amount of capital that Z will contribute?
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Answer:
3,00,000;1,80,000 & 1,20,000
Explanation:
New Profit sharing ratio = 1 - 1/5 = 4/5
A= 5/8 * 4/5 = 20/40 ; B= 3/8 * 4/5 = 12/40 ; C= 1/5 * 8/8 = 8/40
i.e. 5 ; 3 ; 2.
Capitals = 120000 * 5 = 600000
A - 600000 * 5/10 = 300000
B - 600000 * 3/10 = 180000
so, mark me as in BRAINLIST
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