Question

(1) 1. 2. New Ratio of Sharing Profit and Losses *A' and 'B' are partner in a firm, they divide their profit in the ratio of 3 : 2. Find out the future profit ratio. (1) If 'C' is admitted for 1/5th share. (ii) If C' is admitted for 1/4th share .
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Answer 1

Answer:

2:2:1

Old ratio (A and B) = 1 : 2

C is admitted for 1/5 share of profit

Let the combined share of all partners after C's admission = 1

Combined share of A and B in the new firm = 1 - C's share

= 1 - (1/5)

= (4/5) * (1/2)

= 4/10 each

New ratio of A, B and C = 4/10, 4/10 and 1/5

= 4 : 4 : 2 or 2 : 2 : 1