X and Y are partners sharing profits and losses in the ratio of 3 : 2. X’s Capital is ₹ 3,00,000 and Y’s capital is ₹ 1,50,000
X and Y are partners sharing profits and losses in the ratio of 3 : 2. X’s Capital is ₹ 3,00,000 and Y’s capital is ₹ 1,50,000. They admitted Z and agreed to give 1/5th share of profit to him. How much Z should bring towards his capital?
a) ₹ 90,000
b) ₹ 1,20,000
c) ₹ 1,45,000
d) ₹ 1,12,500
Anurag Pathak Changed status to publish April 4, 2024
Ans – d)
Working Notes:-
Total adjusted capital of old partners = ₹ 3,00,000 + ₹ 1,50,000 = ₹ 4,50,000
The combined share of the old partners = 1 – 1/5 = 4/5
Total capital of the new firm = 4,50,000 × 5/4 = ₹ 5,62,500
Z’s Capital = ₹ 5,62,500 × 1/5 = ₹ 1,12,500
Anurag Pathak Changed status to publish June 8, 2023
