X and Y are the partners in a firm sharing profits and losses in the ratio of 5:3. Z is admined who acquires 1/3 of Y's share. The new ratio aming partners will be (b) 4:5:1 (4) 5:4:1 (c) 1:4:5 (d) 5:2:1
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X's old share= 3/5
Y's old share= 2/5
Z is admitted for 1/4th share
Sacrificing ratio is 2:1
Z acquired 2/3 * 1/4 = 2/12 from X
Z acquired 1/3 * 1/4 = 1/12 from Y
Hence,
X's new ratio= 3/5-2/12
= 26/60
Y's new ratio= 2/5-1/12
= 19/60
Z's share= 15/60
New Profit sharing ratio= 26:19:15
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Answer:
I think d is the correct answer
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