Diya, Riya and Tiya were partners sharing profits and losses in the ratio of 2: 3: 5. Tiya died on 28th November, 2019. Her share of profit was taken equally by Diya and Riya. Diya's share of profit in the new firm will be__. (C.B.S.E. 2020)

Diya, Riya and Tiya were partners sharing profits and losses in the ratio of 2: 3: 5. Tiya died on 28th November, 2019. Her share of profit was taken equally by Diya and Riya. Diya’s share of profit in the new firm will be__. (C.B.S.E. 2020)

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Diya’s share of profit in the new firm will be 9 / 20.

Working Note:
Diya’s New Profit Share = Old Profit Share + Profit Share Taken
Diya’s New Profit Share = 2 / 10 + 5 / 20 (5 / 10 x 1 / 2) = (4+5 / 20) = 9 / 20

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