Question

X and Y are partners sharing profit in the ratio of 3:2. C is admitted . X surrenders 1/6 from his share and y surrendered 1/4th of his share. C's share of profit will be:

Answer 1

Answer:

C's share of profit will be 1/5

Explanation:

Solution :

Old Ratio :

X : Y = 3 : 2

• X's Share = 3/5
• Y's Share = 2/5

★ C is admitted

• X surrenders 1/6 from his share =

3/5 × 1/6 = 3/30

3/30 = 1/10

• Y surrendered 1/4th of his share =

2/5 × 1/4 = 2/20

2/20 = 1/10

• C's share =

Share taken from X + Share taken from Y

1/10 + 1/10 = 2/10

2/10 = 1/5

C's share = 1/5

∴ C's share of profit will be 1/5