X and y shared profits in the ratio of 3:1 They admit Z to one-third share in the future
profit what will be the new profit sharing ratio .
a. A and B were partners in a firm sharing profits and losses in the ratio of
5:3.They admitted C as a new partner .The new profit sharing ratio between
A,B and C was 3:2:3.A surrender2/5th of his share in favour of C calculate B ‘s
sacrifice
Answers
X and y shared profits in the ratio of 3:1 They admit Z to one-third share in the future
profit what will be the new profit sharing ratio .
a. A and B were partners in a firm sharing profits and losses in the ratio of
5:3.They admitted C as a new partner .The new profit sharing ratio between
A,B and C was 3:2:3.A surrender2/5th of his share in favour of C calculate B ‘s
sacrifice
Explanation:
The old ratio (X and Y) = 3 : 1
Z was admitted for 1/3 share
We let the combined share of profit for all partners after Z's admission = 1
The combined share of X and Y after Z's admission = 1 - Z's share
= 1 - (1/3)
= 2/3
New ratio = Old ratio * Combined share of X and Y
X's new share = (3/4) * (2/3)
= 2/4
Y's new share = (1/4) * (2/3)
= 1/6
Z's share = 1/3
Hence, the new share of X, Y and Z = (2/4), (1/6) and (1/3)
= (6/12), (2/12) and (4/12)
= 6 : 2 : 4 or 3 : 1 : 2