X and y sharing profit in the ratio 3:2 and their capital are rupees 50000 and 30000 .They admitted Z with 1/5 share who has to bring sufficient capital to be equal to 1/5 of the total capital of the firm . Calculate the capital to be brought in by z
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Explanation:
z's share = 1/5
remaining share = 1- 1/5 = 4/5
x's new share = 4/5 × 3/5 = 12/25
y's new share = 4/5 × 2/5 = 8/25
x's new capital = 12/25 × ( 50000 + 30000 )= 12 × 3200
= 38400
y's new capital = 8/25 ( 80000 ) = 8 × 3200= 25600
z's new capital = 80000- ( 38400+25600) = 80000-64000 = 16000.
This is the required answer .
Thank you.
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