English

X and Y were partners in a firm sharing profits in the ratio of 7 : 3. Z was admitted for 1/5 th share in the profits of which he took 75% from X and remaining from Y.

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Question

X and Y were partners in a firm sharing profits in the ratio of 7 : 3. Z was admitted for `1/5` th share in the profits of which he took 75% from X and remaining from Y. Calculate the sacrificing ratio of X and Y.

Numerical
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Solution

Z's Total Share: `1/5`

Share taken from X (75% of Z's share):

`1/5 xx 75%`

`1/5 xx 3/4 = 3/20`

Share taken from Y (Remaining 25% of Z's share):

`1/5 xx 25%`

`1/5 xx 3/4 = 1/20`

Comparing the individual sacrifices `(3/20 : 1/20)`

Sacrificing Ratio (X : Y) = 3 : 1

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.186]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 18. | Page 3.186
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