Practicing Success
X and Y share profits in the ratio of 3 : 2. Z was admitted as a partners who gets 1/5 share. If Z acquires 3/20 from X and 1/20 from Y. New profit sharing ratio would be: |
9 : 7 : 4 6 : 10 : 4 10 : 6 : 4 8 : 8 : 4 |
9 : 7 : 4 |
The correct answer is option (1) : 9 : 7 : 4. Old ratio = 3:2 (X & Y) Sacrifice of X = 3/20 New ratio = Old share - Sacrifice share New share of X = 3/5 - 3/20 New share of Y = 2/5 - 1/20 Share of Z = 1/5 New ratio = 9/20 : 7/20 : 1/5 |