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In the new profit-sharing ratio 6:9:5, what is the combined profit share of the old partners A and B?

Answer and explanation

Correct answer: \(\frac{3}{4}\)

The total parts in the new ratio are \(6+9+5=20\). The old partners A and B receive 6 and 9 parts respectively, so their combined share is \(6+9=15\) parts. Therefore, their combined profit share is \(\frac{15}{20}=\frac{3}{4}\). Exam tip: Add the ratio terms of the partners whose combined share is required, then divide by the total of all ratio terms. Option C represents only B’s individual share, \(\frac{9}{20}\).

Related tags

Combined ShareNew Profit Sharing RatioAdmission Of PartnerRatio CalculationReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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