Question

X,Yand z are partner and share profit in the ratio of 5 is to 3 is to 2. Y retired and Xtakes 1/10 from y and z takes1/5 from y. the new profit sharing ratio will be

Answer 1

Answer:

old profit sharing ratio of X : Y : Z = 5 : 3 : 2

Y retired and X takes 1/10 from y

New share of X is = 5/10 + 1/10

= 6/10

and Z takes 1/5 part means 2/10

New share of Z is = 2/10 + 2/10

= 4/10

New profit sharing ratio of X : Z = 6 : 4

or X : Z = 3 : 2

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