question_answer

You are required to answer the following questions 1 to 7 :

Jolly and Mayank are partners since last 5 years. Vinod gets 75% of the profit and Mayank gets 25%. Their capitals are fixed. They need more capital for the business so they decided to admit a new partner Yuvraj for 1/4th share.

Yuvraj brings Rs.3,00,000 as his capital.

He could bring only 40% of his share in cash and Furniture of Rs.16,000 for his share of goodwill.

Goodwill of the firm was valued at Rs.2,40,000.

The new ratio of the partners will be:

A) 3 : 1: 1

B) 5 : 3 : 2

C) 9 : 4 : 3

D) 9 : 3 : 4