Practicing Success
X, Y and Z are partners sharing profits in the ratio of capitals. Their capitals after adjustments are- 20,000, 30,000, 50,000. Their old and new ratios were - 5:3:2 and 2:3:5 respectively. Who will bring what amount of actual cash for adjustment. |
Z will bring 30,000
X will bring 30,000
Z will bring 50,000
X will bring 20,000
|
Z will bring 30,000 |
"Old Capitals will be - 50,000 , 30,000, 20,000 ( 5:3:2) New - 20,000 , 30,000, 50,000 Thus Z will bring 30,000 (20,000 - 50,000)" |