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10. X and Y share profits and losses in the ratio of 5:3. Z is admitted forhalf of which were given by X and remaining share was taken by Z equally from X and Y.3th share of profits,10Calculate new profit sharing ratio.Nou nrofit sharing ratio = 4:3:3 |
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Answer» X's old share= 3/5 Y's old share= 2/5 Z is admitted as a partner. X's SACRIFICE= 3/5 * 1/3 = 3/15 Y's sacrifice= 1/10 Therefore, Z's share= 3/15 + 1/10 = 9/30 X's new share= 3/5- 3/15 = 6/15 Y's new share= 2/5- 1/10 = 3/10 New profit sharing ratio= 4:3:3 Sacrificing ratio= 2:1 Explanation:
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