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The new profit-sharing fractions of the three partners are \(\frac{6}{15}\), \(\frac{5}{15}\), and \(\frac{4}{15}\), respectively. What is their new profit-sharing ratio?

Answer and explanation

Correct answer: 6:5:4

All three fractions have the common denominator 15, so the new profit-sharing ratio is obtained by taking their numerators in the given order: \(6:5:4\). Option C reverses the order and is therefore incorrect. Exam tip: for fractions with the same denominator, the ratio is directly the ratio of their numerators.

Related tags

AdmissionNew Profit Sharing RatioPartnership AccountsClass 12Reconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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