X, Y & Z are partners sharing profit and losses in ratio of 5:4:1. Calculate new profit-sharing ratio if Z acquires 1/10th share of X and 1/2 share of Y?
Options:
9:4:7
8:4:7
9:5:8
9:4:8
Correct Answer:
9:4:7
Explanation:
Z acquires from X= 1/10*5/10= 1/20 Z acquires from Y = 1/2*4/10 = 4/20 So, Z new share is = 1/10+1/20+4/20= 7/20 X new share = 5/10-1/20 =9/20 Y new share = 4/10-4/20 = 4/20 So the new ratio is 9:4:7
