Question 06 Chapter 5 of +2 Part-1 - USHA Publication 12 Class Part - 1

Question 06 Chapter 5 of +2-Part-1

6. (NPS) X and Y are sharing profit in the ratio of 7:3. they admit C for 3/7 share in the new firm which he takes 2/7 from X and 1/7 from Y. Calculate new profit sharing ratio of partners , after C’s admission.

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The solution of Question 06 Chapter 5 of +2 Part-1: - 

Calculation of new Profit Sharing ratio

Old profit sharing of X and Y = 7 : 3

X’s sacrifice for C	=	2
		7

X’s New Share	=	7	-	2
		10		7
	=	49 -20
		70
	=	29
		70

Y’s sacrifice for C	=	1
		7

Y’s New Share	=	3	-	1
		10		7
	=	21 - 10
		70
	=	11
		70

C’s share	=	3	X	10
		7		10
	=	30
		70

New Profit sharing Ratio

=

29

:

11

30

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