X and Y are partners sharing profit in the ratio of 3:2. Z was admitted with 1/4 share in profits which he acquires equally from X and Y. The new ratio will be: |
9:6:5 19:11:10 3:3:2 3:2:4 |
19:11:10 |
The correct answer is option 2- 19:11:10. Since Z acquires 1/4 from X and Y equally, half of 1/4, i.e., 1/4 ÷ 2 = 1/8 will be deducted from X's and Y's share. X's New share = 3/5 - 1/8 Y's New share = 2/5 - 1/8 Z share = 1/4, or 10/40 Therefore, the new profit-sharing ratio = 19/40 : 11/40 : 10/40 |