Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Aditya and Neel share profits in the ratio 3:5. Kavya is admitted for a \(\frac{1}{4}\) share of profits, taken entirely from Neel’s share. What will be Neel’s new profit-sharing share?

Answer and explanation

Correct answer: \(\frac{3}{8}\)

The old total ratio is \(3+5=8\), so Neel’s old share was \(\frac{5}{8}\). Kavya’s share of \(\frac{1}{4}\) is equal to \(\frac{2}{8}\), and it is taken entirely from Neel. Therefore, Neel’s new share is \(\frac{5}{8}-\frac{2}{8}=\frac{3}{8}\). Exam tip: When the incoming partner’s share is taken from only one old partner, deduct the entire share from that partner’s old share.

Related tags

Admission Of A PartnerNew Profit Sharing RatioSacrificing RatioPartnership AccountsReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.