Answer the next 5 questions from the passage-
A, B and C are partners in a firm sharing profits in the ratio of 3:2:1. D is admitted into the firm for 1/4th share in profits, which he gets as 1/8th from A and 1/8th from B. The total capital of the firm is agreed upon as ₹1,20,000 and D is to bring in cash equivalent to 1/4th of this amount as his capital. The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. The capitals of A, B and C after all adjustments are ₹40,000, ₹35,000 and ₹30,000 respectively.
Required capitals of all partners is-
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A = Rs. 45,000, B = Rs. 25,000, C = Rs. 20,000, D = Rs. 30,000
When the total capital of the new firm is fixed and each partner’s capital must match his share of profit, the total capital is divided in the new profit sharing ratio. So the new ratio comes first.
New profit sharing ratio:
A = 3/6 − 1/8 = 12/24 − 3/24 = 9/24
B = 2/6 − 1/8 = 8/24 − 3/24 = 5/24
C = 1/6 = 4/24 (C gives up nothing)
D = 1/4 = 6/24
New ratio = 9:5:4:6
Required capitals (total Rs. 1,20,000):
A = Rs. 1,20,000 × 9/24 = Rs. 45,000
B = Rs. 1,20,000 × 5/24 = Rs. 25,000
C = Rs. 1,20,000 × 4/24 = Rs. 20,000
D = Rs. 1,20,000 × 6/24 = Rs. 30,000
D’s figure also matches the passage: one-fourth of Rs. 1,20,000 is Rs. 30,000.
NCERT (2026-27 edition):
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