wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A, B & C partners in a firm sharing profits losses in the ratio of 4:3:2. B decided to retire from the firm. Calculate the new profit sharing ratio of A & C if B gives his share to A & C in the original ratio of A & C.

A
7:2
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
25:11
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
11:7
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
2:1
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D 2:1
Old ratio ( A, B and C ) = 4 : 3 : 2
B;s share = 3/9
Share of B taken by A = (3/9) * (4/6) = 2/9
Share of B taken by C = (3/9) * (2/6) = 1/9
New ratio = old ratio + share taken from B
A's new share = (4/9) + (2/9) = (6/9) or (2/3)
C's new share = (2/9) + (1/9) = (3/9) or (1/3)
Therefore, new share of A and C = 2 : 1

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Goodwill
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon