Question

x,y and z share profits as ½, 3/10, ⅕ and z has expired, the new profit ratio of x and y will be​

Answer 1

Explanation:

we have,

1/2, 3/10, 1/5

old ratio will be

5/10 , 3/10, 2/10

New ratio will be,

X = 3/5

Y = 2/5

Answer 2

Answer:

X and Y new profit share will (5:3)

Explanation:

In partnership business, any of the partner has deceased or died due to any reason; the profit sharing ratio of that deceased partner will be distributed among existing partner in the gaining ratio.

Here, profit sharing ratio of all three partner as

X= $\frac{1}{2}$

Y = $\frac{3}{10}$

Z= $\frac{1}{5}$

In this case, Z has expired; so remaining partner will continue the business with their remaining profit share as

X= $\frac{1}{2}$

Y = $\frac{3}{10}$

Their new profit sharing ratio will be

By rationalising their figure

X = $\frac{1}{2} * \frac{5}{5}$ = $\frac{5}{10}$

Y = $\frac{3}{10} * \frac{1}{1}$ = $\frac{3}{10}$

Hence X and Y new profit share will (5:3)

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