X and Y are partners sharing profits and losses in the ratio of 7 : 5. Z, a new partner is admitted who…
X’s revised share is 7/12 − 1/12 = 6/12, and Y’s is 5/12 − 1/6 = 3/12. Z receives 1/12 + 1/6 = 3/12. Thus X : Y : Z = 6 : 3 : 3 = 2 : 1 : 1.
Choose your answer
X and Y are partners sharing profits and losses in the ratio of 7 : 5. Z, a new partner is admitted who acquires 1/12th from X and 1/6th from Y. The new profit sharing ratio will be :
Answer and explanation
Correct answer B
X’s revised share is 7/12 − 1/12 = 6/12, and Y’s is 5/12 − 1/6 = 3/12. Z receives 1/12 + 1/6 = 3/12. Thus X : Y : Z = 6 : 3 : 3 = 2 : 1 : 1.
Practice for these exams
-
Himachal Pradesh SET (HP SET)