{"id":57985,"date":"2024-04-16T01:11:31","date_gmt":"2024-04-16T01:11:31","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57985"},"modified":"2024-04-16T01:11:31","modified_gmt":"2024-04-16T01:11:31","slug":"a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/","title":{"rendered":"A and B are partners sharing profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;04:03:01&#8243; option2=&#8221;07:02:03&#8243; option3=&#8221;C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be: A. 4 : 3 : 1 B. 7 : 2 : 3 C. 3 : 1 : 7&#8243; option4=&#8221;07:03:02&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is $\\boxed{\\text{B) 7 : 2 : 3}}$.<\/p>\n<p>Initially, A and B share the profits in the ratio 3 : 1. This means that A gets 3 parts of the profit and B gets 1 part of the profit.<\/p>\n<p>When C is admitted, he is given $\\frac{1}{4}$ share of the future profits. This means that C gets $\\frac{1}{4}$ of the total profit that A and B would have shared.<\/p>\n<p>C takes $\\frac{1}{4}$ share from A and B in the ratio 2 : 1. This means that C takes $\\frac{2}{3}$ of $\\frac{1}{4}$ share from A and $\\frac{1}{3}$ of $\\frac{1}{4}$ share from B.<\/p>\n<p>Therefore, the new profit sharing ratio is 3 + $\\frac{2}{3}$ : 1 + $\\frac{1}{3}$ : $\\frac{1}{4}$ = 7 : 2 : 3.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;04:03:01&#8243; option2=&#8221;07:02:03&#8243; option3=&#8221;C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be: A. 4 : 3 : 1 B. 7 : 2 : 3 C. 3 : 1 : 7&#8243; option4=&#8221;07:03:02&#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-57985","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 profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio 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-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/\" \/>\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 profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;04:03:01&#8243; option2=&#8221;07:02:03&#8243; option3=&#8221;C will be given $${frac{1}{4}^{{text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be: A. 4 : 3 : 1 B. 7 : 2 : 3 C. 3 : 1 : 7&#8243; option4=&#8221;07:03:02&#8243; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T01:11:31+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 profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio 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-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/","og_locale":"en_US","og_type":"article","og_title":"A and B are partners sharing profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\\frac{1}{4}^{{\\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be:","og_description":"[amp_mcq option1=&#8221;04:03:01&#8243; option2=&#8221;07:02:03&#8243; option3=&#8221;C will be given $${frac{1}{4}^{{text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be: A. 4 : 3 : 1 B. 7 : 2 : 3 C. 3 : 1 : 7&#8243; option4=&#8221;07:03:02&#8243; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T01:11:31+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-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partners-sharing-profits-and-losses-in-the-ratio-3-1-they-decided-to-admit-c-c-will-be-given-frac14textth-share-in-future-profits-of-the-firm-which-he-takes-from-a\/","name":"A and B are partners sharing profits and losses in the ratio 3 : 1. 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