[amp_mcq option1=”$$\\frac{{11}}{{42}}$$” option2=”$$\\frac{{17}}{{42}}$$” option3=”$$\\frac{{14}}{{42}}$$” option4=”$$\\frac{{28}}{{42}}$$” correct=”option1″]<\/p>\n
The correct answer is $\\boxed{\\frac{14}{42}}$.<\/p>\n
Initially, X and Y share profits in the ratio of 4:3. This means that X receives 4 parts of the profit and Y receives 3 parts of the profit. When Z is admitted into the partnership, he receives a $\\frac{1}{3}$ share of the profits. This means that the total number of shares in the partnership is now 12, with X and Y each receiving 4 shares and Z receiving 4 shares. If Z receives his share from X and Y in equal proportion, then X and Y each receive 2 shares from Z. This means that X now has a total of 6 shares in the partnership, Y now has a total of 5 shares in the partnership, and Z has a total of 4 shares in the partnership. Therefore, Y’s share of the profits in the future will be $\\frac{5}{12}$, or $\\boxed{\\frac{14}{42}}$.<\/p>\n
Here is a breakdown of each option:<\/p>\n
[amp_mcq option1=”$$\\frac{{11}}{{42}}$$” option2=”$$\\frac{{17}}{{42}}$$” option3=”$$\\frac{{14}}{{42}}$$” option4=”$$\\frac{{28}}{{42}}$$” 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-59720","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n