A and B share profit in the ratio of 5 : 2. C is admitted as a partner who sets 1/7 share. If C acquires 3/28 from A and 1/28 from B, then what will be the new profit-sharing ratio?
17 : 7 : 4
The correct answer is 17 : 7 : 4. This is calculated by deducting C’s share from A and B’s share and redistributing it to C, with the resulting shares being in this new ratio.
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Important Questions from Partnership
Kiran, Vimal and Naveen started a business by investing Rs. 1,35,000, Rs. 1,50,000 and Rs. 1,65,000 respectively. Find the share of each (respectively), out of an annual profit of Rs. 60,000.
When the incoming partner cannot bring premium for goodwill, then the necessary adjustment for goodwill is done through which one of the following?
A, B, C invest Rs. 20000, Rs. 30000, Rs. 40000 in a business. After one year, A withdrew his money but B and C continued for one more year. If the net profit after 2 years be Rs. 32000, then A’s share in the profit is:
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