Question:
Kabir and Lara were partners in a firm sharing profits and losses in the ratio of 5 : 3. Mark was admitted as a new partner for \( \frac{2}{5} \) share in the profits of the firm. Mark was to bring \( \frac{2}{5} \) of the combined capital of Kabir and Lara after all adjustments are carried out. The capitals of Kabir and Lara after all adjustments were ₹ 8,00,000 and ₹ 7,00,000 respectively. The capital brought by Mark was :
Kabir and Lara were partners in a firm sharing profits and losses in the ratio of 5 : 3. Mark was admitted as a new partner for \( \frac{2}{5} \) share in the profits of the firm. Mark was to bring \( \frac{2}{5} \) of the combined capital of Kabir and Lara after all adjustments are carried out. The capitals of Kabir and Lara after all adjustments were ₹ 8,00,000 and ₹ 7,00,000 respectively. The capital brought by Mark was :
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When a new partner brings capital in proportion to total capital, multiply the total by their share fraction.
Updated On: Jul 7, 2025
- ₹ 3,75,000
- ₹ 3,00,000
- ₹ 6,00,000
- ₹ 15,00,000
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The Correct Option is C
Solution and Explanation
Combined adjusted capital of Kabir and Lara = ₹ 8,00,000 + ₹ 7,00,000 = ₹ 15,00,000
Mark’s capital = \( \frac{2}{5} \) of ₹ 15,00,000 = ₹ 6,00,000 Final Answer: ₹ 6,00,000
Mark’s capital = \( \frac{2}{5} \) of ₹ 15,00,000 = ₹ 6,00,000 Final Answer: ₹ 6,00,000
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