Multiple choice

A, B and C are partners sharing profit in the ratio of 3 : 2 : 1. D is admitted. The new profit sharing ratio among A, B, C and D will be 3 : 3 : 2 : 2. The gain or sacrifice will be

  1. A sacrificed 6/30th, B sacrificed 1/30th

  2. A sacrificed 1/30, B sacrificed 6/30

  3. C gained 1/30th and D gained 2/10th

  4. both (1) and (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Old ratio 3:2:1 = 15:10:5 (A=15/30, B=10/30, C=5/30). New ratio 3:3:2:2 (A=9/30, B=9/30, C=6/30, D=6/30). A sacrificed 15/30-9/30=6/30. B sacrificed 10/30-9/30=1/30. C gained 6/30-5/30=1/30. D gained 6/30-0=6/30=2/10. Option (1) correctly shows A and B's sacrifice. Option (3) correctly shows C and D's gain.

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