X, Y and Z are partners sharing profits and losses in the ratio of 4/9 : 1/3 : 2/9. Y retires and gives 1/9th of his share in favour of X and remaining in favour of Z. The new profit sharing ratio will be
X, Y and Z are partners sharing profits and losses in the ratio of 4/9 : 1/3 : 2/9. Y retires and gives 1/9th of his share in favour of X and remaining in favour of Z. The new profit sharing ratio will be
a) 13 : 14
b) 14 : 13
c) 1 : 8
d) 8 : 1
Anurag Pathak Changed status to publish July 3, 2023
Ans – a)
Explanation:-
Old ratio of X, Y and Z is 4/9 : 1/3 : 2/9
after making base equal
4/9 : 1/3 × 3/3 : 2/9 = 4 : 3 : 2
Y gives 1/9 of his share to X = 3/9 × 1/9 = 3/81
Remaining share to Z = 3/9 – 3/81 = 27 – 3/81 = 24/81
X share in new firm = 4/9 + 3/81 = 36 + 3/81 = 39/81
Z share in new firm = 2/9 + 24/81 = 18 + 24/81 = 42/81
New profit sharing ratio of X and Z is = 39 : 42
13 : 14
Anurag Pathak Changed status to publish July 3, 2023
