Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
207 views
in General by (240k points)
closed by
X and Y are partners in a business sharing profit and losses in the ratio of 3 : 2. They admit Z as a new partner with 1 / 5 share in the profits. Calculate the new profit sharing ratio of the partners.
1. 12 : 8 : 5
2. 12 : 8 : 6
3. 12 : 7 : 6
4. 12 : 3 : 7

1 Answer

0 votes
by (238k points)
selected by
 
Best answer
Correct Answer - Option 1 : 12 : 8 : 5

Old Profit Sharing Ratio (X and Y) = 3:2

Z is admitted for a 1/5th share.

New Profit Sharing Ratio (X and Y) = 1 - 1/5 = 4:5

A's New Profit Sharing Ratio = 3/5 * 4/5 = 12/25

B's New Profit Sharing Ratio = 2/5 * 4/5 = 8/25

A: B: C = 12/25: 8/25: 1/5

Using the L.C.M method to make denominators common, 

New Profit Sharing Ratio Of A:B: C is 12:8:5

Thus, option 1 is the correct answer.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...