SOLUTION: I would like to know on how to solve the below question.
A and B are partners sharing profit in the ratio 2:1. They admitted C into the partnership with 25% share.Calculate the
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-> SOLUTION: I would like to know on how to solve the below question.
A and B are partners sharing profit in the ratio 2:1. They admitted C into the partnership with 25% share.Calculate the
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Question 819357: I would like to know on how to solve the below question.
A and B are partners sharing profit in the ratio 2:1. They admitted C into the partnership with 25% share.Calculate the new profit sharing ratio.
Can you please explain me on how to solve this question.
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Mathew Answer by ewatrrr(24785) (Show Source):
Hi,
A and B are partners sharing profit in the ratio 2:1. A 662⁄3% & B 331⁄3%
They admitted C into the partnership with 25% share. (75% remaining)
2x + x = .75
3x = .75
x = .25 and 2x = .50
A 50%
B 25%
C 25%