Question : A, B and C are partners sharing profits and losses in the ratio of 3:2:2. They admitted D into the partnership for the 1/4th share and for this, he brings Rs 7,00,000, as capital. If capitals are to be proportionate to profit sharing ratio, the respective capitals of the partners will be:
Option 1: 6,00,000: 6,00,000: 3,00,000: 7,00,000
Option 2: 9,00,000: 6,00,000: 6,00,000: 7,00,000
Option 3: 3,00,000: 3,00,000: 3,00,000: 3,00,000
Option 4: 3,00,000: 4,00,000: 8,00,000: 7,00,000
Correct Answer: 9,00,000: 6,00,000: 6,00,000: 7,00,000
Solution : Answer = 9,00,000: 6,00,000: 6,00,000: 7,00,000
Let the total capital of the New firm be D's Share = 1/4 = 7,00,000
1 = 7,00,000 x 4 = 28,00,000
A = 3/7 x 3/4 = 9/28 x 28,00,000 = 9,00,000
B = 3/7 x 3/4 = 6/28 x 28,00,000 = 6,00,000
C = 2/7 x 3/4 = 6/28 x 28,00,000 = 6,00,000
D = 1/4 x 7/7 = 7/28 x 28,00,000 = 7,00,000
Hence, the correct option is 2.
