A and B are partners in a firm sharing profits in the ratio 2 : 1. C is admitted into the firm with 1/4th share in profits and he brings Rs. 30,000 as his capital. If the capitals of A and B are to be adjusted in their profit sharing ratio then the capital of A will be-
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Rs. 60,000
When the new partner’s capital is given and all capitals must be in the profit sharing ratio, his capital is used as the base for the total capital of the new firm.
C’s share = 1/4, and his capital = Rs. 30,000
Total capital of the new firm = Rs. 30,000 × 4 = Rs. 1,20,000
Share left for A and B = 1 − 1/4 = 3/4, shared 2 : 1, so A’s new share = 2/3 of 3/4 = 1/2
A’s capital = 1/2 of Rs. 1,20,000 = Rs. 60,000
B’s capital works out to 1/4 of Rs. 1,20,000 = Rs. 30,000, so the new ratio 2 : 1 : 1 holds for the capitals as well.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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