0.7.A and B are partners sharing profits in the ratio of 3:2. C is admitted for th share was of profits out of which half share was gifted by A and by C'equally from A and B. Calculate new profit sharing ratio. the remaining
Assuming that the total profit made is P, the original profit sharing between A and B is 3P/5 and 2P/5 respectively.
Now, C is admitted for a share of profits, out of which half share is gifted by A. So, the half share gifted by A is (1/2)*(1/5)*P = P/10. Similarly, half share gifted by B is also P/10. Therefore, the total gifted share is P/5.
Hence, the remaining share that C is earning through profits is (1/5)*P - (P/10) = P/10.
Therefore, the new profit sharing ratio between A, B and C respectively is:
(3/5)*P : (2/5)*P : (1/10)*P
Simplifying this, we get:
6 : 4 : 1
So, the new profit sharing ratio between A, B, and C is 6:4:1.
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Initially, the profit sharing ratio between A and B is 3:2, which means that out of every 5 parts of profit, A gets 3 parts and B gets 2 parts.
When C is admitted into the partnership, A gifts half of his share of profits to C, which means that A now gets only (3/2) parts of every 5 parts of profit. C's share of profits becomes (1/2) parts of every 5 parts of profit, and B's share remains at 2 parts of every 5 parts of profit.
Thus, the new profit sharing ratio becomes:
A : B : C = (3/2) : 2 : (1/2)
To simplify this ratio, we can multiply each part by the lowest common multiple of the denominators, which is 2. This gives us:
A : B : C = 3 : 4 : 1
Therefore, the new profit sharing ratio is 3:4:1 for A, B, and C respectively.
To find the remaining share of profits, we can add up the new ratios: 3 + 4 + 1 = 8. This means that the remaining share of profits is 5 parts out of every 8 parts, which is shared between A and B in the ratio of 3:2
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Answer:
here's the answer -
Explanation:
Assuming that the total profit made is P, the original profit sharing between A and B is 3P/5 and 2P/5 respectively.
Now, C is admitted for a share of profits, out of which half share is gifted by A. So, the half share gifted by A is (1/2)*(1/5)*P = P/10. Similarly, half share gifted by B is also P/10. Therefore, the total gifted share is P/5.
Hence, the remaining share that C is earning through profits is (1/5)*P - (P/10) = P/10.
Therefore, the new profit sharing ratio between A, B and C respectively is:
(3/5)*P : (2/5)*P : (1/10)*P
Simplifying this, we get:
6 : 4 : 1
So, the new profit sharing ratio between A, B, and C is 6:4:1.
hope this helps!
hope this helps!If yes, kindly mark my Answer as the brainliest!
Verified answer
Answer: 3:4:1
Explanation:
Let the current profit be denoted by P.
Initially, the profit sharing ratio between A and B is 3:2, which means that out of every 5 parts of profit, A gets 3 parts and B gets 2 parts.
When C is admitted into the partnership, A gifts half of his share of profits to C, which means that A now gets only (3/2) parts of every 5 parts of profit. C's share of profits becomes (1/2) parts of every 5 parts of profit, and B's share remains at 2 parts of every 5 parts of profit.
Thus, the new profit sharing ratio becomes:
A : B : C = (3/2) : 2 : (1/2)
To simplify this ratio, we can multiply each part by the lowest common multiple of the denominators, which is 2. This gives us:
A : B : C = 3 : 4 : 1
Therefore, the new profit sharing ratio is 3:4:1 for A, B, and C respectively.
To find the remaining share of profits, we can add up the new ratios: 3 + 4 + 1 = 8. This means that the remaining share of profits is 5 parts out of every 8 parts, which is shared between A and B in the ratio of 3:2