Question

11. A and B share profits and losses in the ratio of 3:2. They admit C as a new
Ird share in the profits of the firm which he acquired from A and B in the
partner for rd share i
2.3. After some time, they admitted D as a new partner for th share in the
profits which he acquired equally from A and C.
Calculate :
(1) New profit sharing ratio of A, B and C;
(ii) New profit sharing ratio of A, B, C and D.​

Answer 1

Answer:

A's old share= 3/6

B's old share= 2/6

C's old share= 1/6

D is admitted for 1/8th share

B's new share= 2/6- 1/16

= 13/48

C's new share= 1/6- 1/16

= 5/48

New Profit sharing ratio= 24:13:5:6