X and Y are partners sharing profits in the ratio of 3 : 2, and capitals as ₹ 1,00,000 and ₹ 50,000 respectively. Z is admitted for 1/5th share in profits. The amount Z will contribute as capital will be
X and Y are partners sharing profits in the ratio of 3 : 2, and capitals as ₹ 1,00,000 and ₹ 50,000 respectively. Z is admitted for 1/5th share in profits. The amount Z will contribute as capital will be
a) ₹ 50,000
b) ₹ 35,000
c) ₹ 37,500
d) ₹ 60,000
Anurag Pathak Changed status to publish June 1, 2023
Ans – C)
Solution:-
Combined adjusted capital of the old partners = ₹ 1,00,000 + ₹ 50,000 = ₹ 1,50,000
Combined Profit share of the old partners = 1 – 1/5 = 4/5
Total Capital of the firm = 1,50,000 × 5/4 = ₹ 1,87,500
Z ‘s Capital in the new firm = 1,87,500 × 1/5 = ₹ 37,500
Anurag Pathak Changed status to publish June 1, 2023
