{"id":52794,"date":"2024-04-15T23:44:29","date_gmt":"2024-04-15T23:44:29","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=52794"},"modified":"2024-04-15T23:44:29","modified_gmt":"2024-04-15T23:44:29","slug":"a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-of-1-2-they-admit-c-and-agree-to-give-him-frac15-of-the-share-the-new-profit-sharing-ratio-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-of-1-2-they-admit-c-and-agree-to-give-him-frac15-of-the-share-the-new-profit-sharing-ratio-will-be\/","title":{"rendered":"A and B are partners sharing profits and losses in the ratio of 1 : 2. They admit c and agree to give him $$\\frac{1}{5}$$ of the share. The new profit sharing ratio will be:"},"content":{"rendered":"

[amp_mcq option1=”08:02:02″ option2=”06:04:03″ option3=”08:03:04″ option4=”04:08:03″ correct=”option3″]<\/p>\n

The correct answer is C.<\/p>\n

Initially, A and B share the profits in the ratio of 1 : 2. This means that A gets 1 share and B gets 2 shares. When C is admitted, he gets $\\frac{1}{5}$ of the share. This means that the new profit sharing ratio will be 1 + $\\frac{1}{5}$ : 2 + $\\frac{1}{5}$ : $\\frac{1}{5}$. This simplifies to 8 : 3 : 4.<\/p>\n

Option A is incorrect because it does not take into account the fact that C gets $\\frac{1}{5}$ of the share.<\/p>\n

Option B is incorrect because it does not take into account the fact that A and B share the profits in the ratio of 1 : 2.<\/p>\n

Option D is incorrect because it does not take into account the fact that C gets $\\frac{1}{5}$ of the share.<\/p>\n","protected":false},"excerpt":{"rendered":"

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