{"id":52397,"date":"2024-04-15T23:38:46","date_gmt":"2024-04-15T23:38:46","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=52397"},"modified":"2024-04-15T23:38:46","modified_gmt":"2024-04-15T23:38:46","slug":"a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/","title":{"rendered":"A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;15:13:07&#8243; option2=&#8221;The new profit sharing ratio of A, B and C will be: A. 15 : 13 : 7 B. 23 : 17 : 10&#8243; option3=&#8221;33:23:14&#8243; option4=&#8221;59:53:28&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A.<\/p>\n<p>A and B share the profit in the ratio of 4 : 3. This means that A gets 4 parts of the profit and B gets 3 parts of the profit. The total number of parts is 4 + 3 = 7.<\/p>\n<p>C is admitted to the partnership for 1\/5 of the profit. This means that C gets 1 part of the profit. The total number of parts is now 7 + 1 = 8.<\/p>\n<p>A and B agree to bear 3\/20 and 1\/20 of the 1\/5 profit, respectively. This means that A gets 3\/20 of 1\/5 = 3\/100 of the profit and B gets 1\/20 of 1\/5 = 1\/100 of the profit.<\/p>\n<p>The new profit sharing ratio of A, B and C is 4\/7 : 3\/7 : 1\/8 = 15 : 13 : 7.<\/p>\n<p>Option B is incorrect because it does not take into account the fact that A and B agree to bear 3\/20 and 1\/20 of the 1\/5 profit, respectively.<\/p>\n<p>Option C is incorrect because it does not take into account the fact that the total number of parts is now 8.<\/p>\n<p>Option D is incorrect because it does not take into account the fact that A and B share the profit in the ratio of 4 : 3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;15:13:07&#8243; option2=&#8221;The new profit sharing ratio of A, B and C will be: A. 15 : 13 : 7 B. 23 : 17 : 10&#8243; option3=&#8221;33:23:14&#8243; option4=&#8221;59:53:28&#8243; correct=&#8221;option1&#8243;]<\/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-52397","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;15:13:07&#8243; option2=&#8221;The new profit sharing ratio of A, B and C will be: A. 15 : 13 : 7 B. 23 : 17 : 10&#8243; option3=&#8221;33:23:14&#8243; option4=&#8221;59:53:28&#8243; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T23:38:46+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/","og_locale":"en_US","og_type":"article","og_title":"A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:","og_description":"[amp_mcq option1=&#8221;15:13:07&#8243; option2=&#8221;The new profit sharing ratio of A, B and C will be: A. 15 : 13 : 7 B. 23 : 17 : 10&#8243; option3=&#8221;33:23:14&#8243; option4=&#8221;59:53:28&#8243; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T23:38:46+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/","name":"A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T23:38:46+00:00","dateModified":"2024-04-15T23:38:46+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profit-and-loss-in-the-ratio-of-4-3-they-admit-c-to-the-partnership-for-frac15-profit-of-the-firm-to-be-borne-frac320-by-a-and-frac120\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\\frac{1}{5}$$ profit of the firm to be borne $$\\frac{3}{{20}}$$ by A and $$\\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/52397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=52397"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/52397\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=52397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=52397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=52397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}