Question

1
() P, Q and R are partners sharing profits equally. They admit S for 1/5th share and
decide that relative ratio between them will remain unchanged. Calcutate new
profit sharing ratio
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Answer 1

Answer:

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

Answer 2

Answer:

s=1/5

Remainder=1-1/5=4/5

p's new ratio=1/3*4/5=4/15

q'snew ratio=1/3*4/5=4/5

r's new ratio=1/3*4/5=4/5

s's new ratio=1/5*3/3=3/5

NEW RATIO

4:4:4:3