{"id":48259,"date":"2024-04-15T22:38:38","date_gmt":"2024-04-15T22:38:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=48259"},"modified":"2024-04-15T22:38:38","modified_gmt":"2024-04-15T22:38:38","slug":"a-and-b-are-partners-in-a-firm-sharing-profits-in-the-ratio-of-3-2-they-admit-x-as-a-partner-for-frac13-share-in-profits-of-the-firm-the-new-profit-sharing-ratio-of-a-b-and-x-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-in-a-firm-sharing-profits-in-the-ratio-of-3-2-they-admit-x-as-a-partner-for-frac13-share-in-profits-of-the-firm-the-new-profit-sharing-ratio-of-a-b-and-x-is\/","title":{"rendered":"A and B are partners in a firm sharing profits in the ratio of 3 : 2. They admit X as a partner for $$\\frac{1}{3}$$ share in profits of the firm. The new profit sharing ratio of A, B and X is"},"content":{"rendered":"

[amp_mcq option1=”03:02:01″ option2=”03:02:02″ option3=”03:02:03″ option4=”06:04:05″ correct=”option1″]<\/p>\n

The correct answer is $\\boxed{\\text{D}}$.<\/p>\n

Let’s say the total profit of the firm is $100.<\/p>\n

Before X is admitted, A and B share the profit in the ratio of 3 : 2. So, A gets $30 and B gets $20.<\/p>\n

When X is admitted, he gets a share of $\\frac{1}{3}$ of the total profit. So, X gets $33.33.<\/p>\n

The new profit sharing ratio of A, B and X is 30 : 20 : 33.33 = 6 : 4 : 5.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”03:02:01″ option2=”03:02:02″ option3=”03:02:03″ option4=”06:04:05″ correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-48259","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\nA and B are partners in a firm sharing profits in the ratio of 3 : 2. They admit X as a partner for $$\\frac{1}{3}$$ share in profits of the firm. 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