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| 1. |
A and B are partners in a firm. C was admitted as a new partner for 1/5th share. C bought proportionate capital. A and B after all adjustment were 64,000 and 46,000 respectively. Capital brought by C is? |
| Answer» EXPLANATION:C's share of profit = 1/5Remaining profits = (1 - 1/5) = 4/5A's new share = (4/5 × 1/2) = 2/5B's new share = (4/5 × 1/2) = 2/5New RATIO = 2:2:1For 4/5 share PARTNER's capital = ₹ (64000 + 46000) = ₹110000For 1 whole share of profit capital = ₹ (110000 × 5/4)For 1/5th share C's capital = ₹ (110000 × 5/4 × 1/5) = ₹27,500 | |