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A and B have been in partnership sharing profits in the ratio of 7 : 3. C is admitted as a partner. A surrender $$\frac{1}{7}$$ of his share and B surrenders $$\frac{1}{3}$$ of his share in favour of C. The new profit sharing ratio will be-

A and B have been in partnership sharing profits in the ratio of 7 : 3. C is admitted as a partner. A surrender $$\frac{1}{7}$$ of his share and B surrenders $$\frac{1}{3}$$ of his share in favour of C. The new profit sharing ratio will be- Correct Answer 3 : 1 : 1

Related Questions

A and B share profits in the ratio of 7 : 3. They admitted C as a partner. A surrenders $${\frac{1}{4}^{{\text{th}}}}$$ of his share and B $${\frac{1}{3}^{{\text{rd}}}}$$ share to C. New profit sharing ratio among A, B and C would be:
Which of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R given $${\frac{1}{4}^{{\text{th}}}}$$ of his share and S given $${\frac{2}{5}^{{\text{th}}}}$$ of his share to new partner. New profit sharing ratio of R, S and T will be
The profit – sharing ratio of two partners is 2 : 3 if another partner is added with 40% of the profit – sharing ratio and the profit – sharing ratio of the initial two partners remains the same. Find the new profit – sharing ratio.
A and B share profits and losses in a firm in the ratio of 3 : 2. And C entered in the firm as a new partner; his profit sharing ratio is $$\frac{1}{4}$$. If C has taken his share of profit from A and B in equal ratio, then the new profit shearing ratio will be ?
A and B were two partners in a firm sharing profits in 3 ∶ 2. In the year 2015, the profit of the firm was Rs. 10000 which has been duly distributed among A and B. Later on they decided that C, their manager will also be treated as partner in the firm from beginning of year 2015 and will be entitled to 1/6 of the share in the firm. They decided to transfer 10% of the profits to general reserve. Redistribute the profits and find the amount of profit to be provided or taken back from B in new ratio.
Raja and Ram are partners sharing profits in ratio 3 : 1. Ashok is admitted for $${\frac{1}{4}^{{\text{th}}}}$$ share in profits. New profit sharing ratio between Raja, Ram and Ashok is?
দুইজন অংশীদারের মুনাফা বন্টন অনুপাত ২:১। তৃতীয়জনকে ১/৫ অংশ মুনাফা বণ্টনের চুক্তিতে তারা ব্যবসায়ের নতুন অংশীদার হিসেবে গ্রহণ করলে মুনাফা বণ্টনের নতুন অনুপাত কত? (The profit sharing ratio of two partners is 2:1. What is the new profit sharing ration of partnership business if they accept another partner with an agreed profit sharing ration of 1/5 of total business profit?)
A and B are partners sharing profits in the ratio of 3: 2. C is admitted with one-third share in the profits. Which one of the following is the new profit-sharing ratio of the partners?
The profit – sharing ratio of A to B is 1 : 4. If C is admitted to the partnership with a profit – sharing percentage of 50%, find the new profit – sharing ratio.