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1. X and Y are sharing profits and losses in the ratio of 5: 3. They admit Z and decide that the profit sharing ratio between Y and Z shall be the same as existing between X and Y.

Posted by Devañšh Ģöýăl 4 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Suraj Kumar 4 years, 8 months ago

The ratio between X and Y is 5:3. Hence, the ratio between Y and Z should also be the same i.e., 5:3 (or Y5/8,Z3/8). Thus, If the ratio of Y is 5, the ratio of Z should be =3 If the ratio of Y is 3/8, the ratio of Z should be =3/5 × 3/8 =9/40 New Profit sharing Ratio= 5/8:3/8:9/40=25:15:9/40 or 25:15:9 Calculation of Sacrificing Ratio Sacrificing Ratio=Old Share - New Share X's Sacrifice = 5/8 - 25/49 = 45/392;. Y's Sacrifice = 3/8 -15/49 = 27/392 Sacrificing Ratio of X and Y = 45/392 : 27/392 = 45:27 or 5:3

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