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A, B and C were partners in a firm sharing profits in 8 : 4 : 3. B retires and his share is taken up equally by A and C. Find the new profit-sharing ratio.

Answer» PROFIT-sharing ratio are GIVEN below:Explanation:Given,A, B and C were partners sharing profits in the ratio 8 : 4 : 3.Old Ratio of A, B and C =8: 4: 3B's Profit ratio After B's retirement, his share is taken up equally by A and CB's retires the FIRM. His Share taken by A and C = 1: 1 CALCULATION of B's share taken by their partners:B's Share taken by AB's Share taken by C Calculation of New Ratio:New Ratio = Old Ratio + Share acquired from B A and C's New Ratio or 2: 1Thus, the new profit-sharing ratio of A and C will be 2 : 1


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