'A' and 'B', who are partners, share profits in the ratio of $7 : 3$ , 'C' is admitted as a new partner, 'A' surrenders $1 / 7$ of his share and 'B' surrender $1 / 3$ of his share in favour of 'C'. The new profit sharing ratio will be ___________.

6 : 2 : 2

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

4 : 1 : 1

No worries! We‘ve got your back. Try BYJU‘S free classes today!

3 : 2 : 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A $6 : 2 : 2$
Old ratio (A : B) = 7 : 3
Sacrificing ratio = Old ratio * suurender share
A's sacrificing ratio = (7/10) * (1/7) = 1/10
B's sacrificing ratio = (3/10) * (1/3) = 1/10
New share = Old share - sacrificing ratio
A's new share = (7/10) - (1/10) = (6/10)
B's new share = (3/10) - (1/10) = (2/10)
C's share = Sacrificing ratio of A and B
C's share = (1/10) + (1/10) = (2/10)
Therfore, new profit sharing ratio of A : B : C = 6 : 2 : 2

Suggest Corrections

Similar questions

Q. A and B, who are partners, share profits in the ratio of 7:3. C is admitted as a new partner. A surrenders 1/7 of his share and B surrenders 1/3 of his share in favour of C. The new profit sharing ratio will be _______.

Q. A and B are partners sharing profits in the ratio of

7 : 3

. A surrenders

1 / 7

th of his share and B surrenders

1 / 3

rd of his share in favour of C, a new partner. The new profit sharing ratio and sacrificing ratio will be _________.

Singh, Gupta and Khan are partners in a firm sharing profits in 3 :2 : 3 ratio. They admitted Jain as a new partner. Singh surrendered $\frac{1}{3}$ of his share in favour of Jain, Gupta surrendered $\frac{1}{4}$ of his share in favour of Jain and Khan surrendered $\frac{1}{5}$ in favour of Jain. Calculate new profit sharing ratio.

Singh, Gupta and Khan are partners in a firm sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4 of his share in favour of Jain and Khan surrendered 1/5 in favour of Jain. Calculate new profit sharing ratio?

A and B are partners sharing profits and losses in the ratio of 3:2. A surrenders $\frac{1}{2}$ of his share and B surrenders $\frac{1}{4}$ of his share in favour of C. Calculate new ratio.

Join BYJU'S Learning Program

'A' and 'B', who are partners, share profits in the ratio of 7:3, 'C' is admitted as a new partner, 'A' surrenders 1/7 of his share and 'B' surrender 1/3 of his share in favour of 'C'. The new profit sharing ratio will be ___________.

'A' and 'B', who are partners, share profits in the ratio of $7 : 3$ , 'C' is admitted as a new partner, 'A' surrenders $1 / 7$ of his share and 'B' surrender $1 / 3$ of his share in favour of 'C'. The new profit sharing ratio will be ___________.