X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as a new…
After allocating one-fourth to Z, the remaining three-fourths is shared by X and Y in their existing ratio of 3 : 2. Their shares are 3/5 × 3/4 = 9/20 and 2/5 × 3/4 = 6/20,…
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X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as a new partner with ¼th share in the profit. The new profit sharing ratio of X, Y and Z will be
Answer and explanation
Correct answer C
After allocating one-fourth to Z, the remaining three-fourths is shared by X and Y in their existing ratio of 3 : 2. Their shares are 3/5 × 3/4 = 9/20 and 2/5 × 3/4 = 6/20, while Z receives 5/20, giving 9 : 6 : 5.
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West Bengal SET (WB SET)