E and F are partners, sharing profits and losses in the ratio of 5 : 3. G joins the firm as a new…
E retains (5/8) × (3/4) = 15/32 = 75/160, while F retains (3/8) × (3/5) = 9/40 = 36/160. G receives (5/8) × (1/4) + (3/8) × (2/5) = 25/160 + 24/160 = 49/160. The new ratio…
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E and F are partners, sharing profits and losses in the ratio of 5 : 3. G joins the firm as a new partner. E gives 1/4th of his share and F gives 2/5th of his share to new partner. Find out new profit-loss sharing ratio :
Answer and explanation
Correct answer C
E retains (5/8) × (3/4) = 15/32 = 75/160, while F retains (3/8) × (3/5) = 9/40 = 36/160. G receives (5/8) × (1/4) + (3/8) × (2/5) = 25/160 + 24/160 = 49/160. The new ratio of E, F and G is therefore 75 : 36 : 49.
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Madhya Pradesh SET (MP SET)