1. Mohan and Madan are partners sharing profits and losses in the ratio of 4:3. They admit Murali into partnership. The new profit sharing ratio is agreed at 7:4:3 respectively. Find out the sacrifice ratio of old partners.
Annu ur there?? help me no one is giving me the correct solutions for the problem
Answers
Answer :
sacrifice ratio of old partners = 1 : 2
Explanation :
ratio of profits and losses of mohan and madan = 4:3
share of mohan = 4/7
share of murali = 3/7
ratio of profits and losses of mohan, madan and murali respectively = 7:4:3
new share of mohan = 7/14
new share of madan = 4/14
new share of murali = 3/14
sacrifice in their share
- for mohan = old share - new share
= 4/7 - 7/14
= 1/14
- for madan = 3/7 - 4/14
= 2/14
ratio of the sacrifice of the old partners = 1/14 ÷ 2/14
= 1:2
Hope it helps
good morning : )
Answer:
The sacrifice ratio of Mohan and Madan = 1 : 2
Explanation:
Solution :
★ Old Ratio :
Mohan : Madan = 4 : 3
- Mohan's Share = 4/7
- Madan's Share = 3/7
They admit Murali into partnership.
The new profit sharing ratio is agreed at 7:4:3 respectively.
★ New Profit Sharing Ratio :
Mohan : Madan : Murali = 7 : 4 : 3
- Mohan's New Share = 7/14
- Madan's New Share = 4/14
- Murali's New Share = 3/14
★ Sacrifice Ratio :
Sacrifice Ratio = Old Ratio - New Ratio
• Mohan's Sacrifice =
⇒ 4/7 - 7/14 = (8 - 7)/14
⇒ 1/14
• Madan's Sacrifice =
⇒ 3/7 - 4/14 = (6 - 4)/14
⇒ 2/14
Sacrifice Ratio =
- Mohan : Madan
- 1/14 : 2/14
⇒ 1 : 2
Therefore, the sacrifice ratio of Mohan and Madan = 1 : 2