Question

Select the most appropriate answer from the alternative given below and rewrite the sentence.

Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him 1/7th share, new profit sharing ratio of partners will be _________________.
a) equal
b) 3:2:1:2
c) 3:2:1:1
d) 2:3:1:2

Answer 1

Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him 1/7th share, new profit sharing ratio of partners will be 3:2:1:1.

Explanation: It is calculated as follows:-

Let the total share be 1.
$$\begin{gathered} \mathrm{Sanjay}\text{'}\mathrm{s}\mathrm{share}=\frac{1}{7} \\ \mathrm{Remaining}\mathrm{share}=1-\frac{1}{7}=\frac{6}{7} \\ \mathrm{Jay}\text{'}\mathrm{s}\mathrm{share}=\frac{6}{7}\times \frac{3}{6}=\frac{3}{7} \\ \mathrm{Vijay}\text{'}\mathrm{s}\mathrm{share}=\frac{6}{7}\times \frac{2}{6}=\frac{2}{7} \\ \mathrm{Ajay}\text{'}\mathrm{s}\mathrm{share}=\frac{6}{7}\times \frac{1}{6}=\frac{1}{7} \\ \mathrm{New}\mathrm{profit}\mathrm{sharing}\mathrm{ratio}\mathrm{of}\mathrm{Jay},\mathrm{Vijay},\mathrm{Ajay}\mathrm{and}\mathrm{Sanjay}=\frac{3}{7}:\frac{2}{7}:\frac{1}{7}:\frac{1}{7}\mathrm{or}3:2:1:1 \end{gathered}$$