Question

1:1

H, M and D are partners in a firm sharing profits in the ratio 5 : 3 : 2. They admit K for 1/8th share. it was decided that M would retain her original share. sacrificing ratio will be: *

1 point

H:M:D 5:3:2

M:D 5:2

H:D 2:5

H:D 5:2

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Answer 1

Answer:

Old ratio (H and M) = 2 : 5

K is admitted for 1/6th share of profit

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

Combined share of H and M after K's admission = 1 - (1/6) = 5/6

New ratio = Old ratio * Combined share of H and M

H's new ratio = (2/7) * (5/6) = 10/42

M's new ratio = (5/7) * (5/6) = 25/42

K's share = 1/6 or 7/42

Therefore, new ratio of H : M : K is 10 : 25 : 7