Question

A and B are partners sharing profits in the ratio of 7:3. C is admitted for 3/7 share in the profits, the new profit sharing ratio among the partners will be ____________________.

• A. A : B : C :: 14 : 6 : 15
• B. A : B : C :: 7 : 6 : 7
• C. A : B : C :: 7 : 3 : 3
• D. A : B : C :: 5 : 3 : 3

Answer 1

The correct option is A A : B : C :: 14 : 6 : 15

Calculation of the new profit sharing ratio :-

Let as assume Total Profit as "1"

Given, C's share = 3/7

So, remaining profit = 1 - 3/7 = 4/7

A = 4/7 x 7/10 = 28/70 (Remaining profit x old ratio)

B = 4/7 x 3/10 = 12/70 (Remaining profit x old ratio)

C = 3/7 x 10/10 = 30/70

Hence , 28: 12: 30 can be written as 14: 6: 15.