1 View

Question : X, Y and Z are partners in proportion of $\frac{3}{6}, \frac{2}{6}$ and $\frac{1}{6}$ respectively. D was admitted to the firm as a new partner with $\frac{1}{6}$ th share. The new profit-sharing ratios of the partners will be

Option 1: 15:10:5:6

Option 2: 3:2:1:1

Option 3: 15:10:5:1

Option 4: None of the above


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 15:10:5:6


Solution : Answer = 15:10:5:6

Calculation of new profit sharing ratios :
Let total profit be =1
Share given to D= $\frac{1}{6}$
Remaining Share= $1-\frac{1}{6}=\frac{5}{6}$
Now the old partners will share this remaining profit in their old profit-sharing ratios:

Hence,
X's Share $=\frac{3}{6}$ of $\frac{5}{6}=\frac{5}{12}$
y's Share $=\frac{2}{6}$ of $\quad \frac{5}{6}=\frac{5}{18}$
Z's Share $=\frac{1}{6}$ of $\frac{5}{6}=\frac{5}{36}$
D's Share $=\frac{1}{6}$

Thus, the new profit-sharing ratio of X, Y, Z and D will be :
= $\frac{5}{12}: \frac{5}{18}: \frac{5}{36}: \frac{1}{6}=\frac{15: 10: 5: 6}{36}$=15: 10: 5: 6.
Hence, the correct option is 1.

Related Questions

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Jan 2024
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024)
ISBR Business School PGDM Adm...
Apply
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books