K and L sharing profits in the ratio of 7 : 3 admit M on 3/7 share in the new firm which he takes 2/7 from K and 1/7 from L. The new ratio of K , L and M will be ____________.

7:3:3

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4 : 2 : 3

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14 : 6 : 15

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29 : 11 : 30

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Solution

The correct option is D 29 : 11 : 30
Let as assume profit of the firm is 1.
M's share in the firm is 3/7 , of which he takes 2/7 from K and 1/7 from L.
Now,
1 - 3/7 = 4/7
K = 7/10 - 2/7 = 49- 20/70 = 29/70
L = 3/10 - 1/7 = 21-10/70 = 11/70
M = 3/7* 10/10 = 30/70

New Profit sharing Ratio is 29 : 11 : 30.

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

3 : 2

. They admit C who takes

2 / 7

th from A and

1 / 7

th from B. The new profit sharing ratio will be _______.

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K and L sharing profits in the ratio of 7 : 3 admit M on 3/7 share in the new firm which he takes 2/7 from K and 1/7 from L. The new ratio of K , L and M will be ____________.

The correct option is D 29 : 11 : 30Let as assume profit of the firm is 1.M's share in the firm is 3/7 , of which he takes 2/7 from K and 1/7 from L.Now,1 - 3/7 = 4/7 K = 7/10 - 2/7 = 49- 20/70 = 29/70L = 3/10 - 1/7 = 21-10/70 = 11/70M = 3/7* 10/10 = 30/70 New Profit sharing Ratio is 29 : 11 : 30.