X, Y and Z were partners sharing profit in the ratio of 3.2.1. Y retired at the end of the
year. Profit at the end of the year is 10,500. Goodwill was also valued at 6,000. Find how
much each partner will get if X and Z decided to have their ratio as 3:2.❢❦
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Profit at the end of the year is 10,500. Goodwill was also valued at 6,000. Find how much each partner will get if X and Z decided to have ...
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X, Y And Z Are Partners Sharing Profits in the Ratio of 3 : 2 : 1. Goodwill is ...
Goodwill is appearing in the books at a value of ₹ 60,000. Y retires and at the time of Y's retirement, goodwill is valued at ₹ 84,000. X and Z decided to ...
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Given A:B:C = 3:5:7. So, C's share =(7/15)
A takes (3/5)×(7/15)=21/75 and
B takes (2/5)×(7/15)=14/75
A's new share=(3/15)+(21/75)=36/75.
B's new share=(5/15)+(14/75)=39/75.
.°. New ratio of A:B = 36:39 or, 12:13
Gaining Ratio = 3:2 as A and B purchased C's share in that ratio.
A will pay for goodwill (3/5)×2,250 = 1,350.
B will pay for good will =(2/5)×2,250 = 900.