InterviewSolution
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A and B are in partnership sharing profits and losses as 3 : 2. C is admitted for 1/4th share. Afterwards D enters for 20 paise in the rupee. Compute profit-sharing ratio of A, B, C and D after D admission. |
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Answer» fit-sharing ratio is calculated below. Explanation:Profit and Loss sharing ratio between A:B is given as 3:2 C’s share of profit after his ADMISSION = 1/4th of the profit CALCULATING combined share of A, B after C’s admission = 1- C’s share = 1- ¼ = ¾ Calculation of NEW Ratio:New Ratio = Old Ratio Combined share of A,B,C, D A’s new share B’s new shareNew profit-sharing ratio of A, B and C becomesNew Profit sharing rato after C's admission will be treated as old rato to determine the ratio after D's admission. Old Ratio (I.e. before D's admission) between A, B and C =9: 6: 5Now, D’s admission with share of 20/100 of profit Calculating combined share of A, B, C after D’s admission = 1- D’s share Calculation of New SHARES:New Ratio = Old Ratio Combined share of A, B, C, D A’s new share B’s new share C’s new shareAfter D’s admission, ratio becomes |
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