11. Rajesh and Vikram are a partner sharing is profits and losses in the ratio of 3:2. They admit Varun as
a new partner who gets 1/5" of his share of profit, entirely from Rajesh. Calculate new profit
sharing ratio.
Answers
Answered by
1
Answer:
1.Find out balances of one
Balance of 1 = 1 - Varun's share
= 1 - 1/5
= 4/5
Info. -- Old Ratio = 3:2
2. New Ratio formula
New Ratio = Old Ratio × Balance of 1
Rajesh's New Ratio = Old Ratio × Balance of 1
= 3/5 × 4/5
= 12/25
Vikram's New Ratio = Old Ratio × Balance of 1
= 2/5 × 4/5
= 8/25
Varun's New Ratio = Old Ratio × Balance of 1
= 1/5 × 5/5
= 5/25
New Profit Sharing Ratio -- 12 : 8 : 5
Similar questions