A, B and C are partners in a firm sharing profits in the ratio of . D is admitted into the firm for th share in profits, which he gets as th from A and th from B. The total capital of the firm is agreed upon as and D is to bring in cash equivalent to th of this amount as his capital. The capitals of other partners are also to be adjusted in the ratio of their respective shares in profits. The capitals of A, B and C after all adjustments are , and respectively.D will bring in cash as his capital:
- ARs. 30,000
- BRs. 40,000
- CRs. 20,000
- DRs. 35,000
Solution & Step-by-step Explanation
The problem explicitly states that the total agreed capital of the firm is fixed at , and the new partner D is required to bring in cash equivalent to of this total capital value.