Practicing Success
X, Y & Z are partners sharing profit and losses in ratio of 5:4:1. Calculate new profit ratio if Z acquires 1/5 share equally from X and Y? |
4:4:3 4:3:3 4:3:5 4:3:4 |
4:3:3 |
The correct answer is option 2- 4:3:3 Z acquires 1/5th share equally means 1/5*1/2 = 1/10 from X and 1/10 from Y Y new share = 4/10 - 1/10 Z new share = 1/10 + 1/10 + 1/10 So new ratio is 4:3:3. |