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After admission, A's new profit share is 1/2 and B's new profit share is 1/3. What will be C's new share and the new profit-sharing ratio A:B:C?

Answer and explanation

Correct answer: 1/6 और 3:2:1

The total profit share is 1. Therefore, C's share = 1 − 1/2 − 1/3 = 1/6. Converting 1/2:1/3:1/6 into whole numbers by multiplying by 6 gives 3:2:1. Hence, option A is correct. Exam tip: Multiply fractional shares by the LCM of their denominators to obtain the simplest whole-number ratio. Option C is incorrect because 1/2 + 1/3 + 1/4 exceeds 1.

Related tags

New Profit-Sharing RatioAdmission Of PartnerProfit Share CalculationRatio ConversionNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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