= 12:18 = 2:3
Q. 4. Seeta, Geeta and Reeta are partners in 4:3 : 2 ratio. Calculate new profit sharing
ratio : (i) If Seeta retires; (ii) If Geeta retires and (iii) If Reeta retires.
Answers
ANSWER :
If Seeta, Geeta and Reeta are partners in 4 : 3 : 2 ratio; then
- (i) New profit sharing ratio between Geeta and Reeta when Seeta retires is 3 : 2.
- (ii) New profit sharing ratio between Seeta and Reeta when Geeta retires is 2 : 1.
- (iii) New profit sharing ratio between Seeta and Geeta when Reeta retires is 4 : 3.
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SOLUTION :
❒ Given :-
- Profit sharing ratio of Seeta, Geeta and Reeta = 4 : 3 : 2
❒ To Calculate :-
- (i) New profit sharing ratio when Seeta retires = ?
- (ii) New profit sharing ratio when Geeta retires = ?
- (iii) New profit sharing ratio when Reeta retires = ?
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(i) Calculation of new profit sharing ratio when Seeta retires :-
Here,
- Profit sharing ratio among Seeta, Geeta and Reeta = 4 : 3 : 2
- Seeta's share =
- Geeta's share =
- Reeta's share =
When Seeta retires,
- Geeta's new share = Old share + Share acquired from Seeta
➜ Geeta's new share = + of
➜ Geeta's new share = + ×
➜ Geeta's new share =
➜ Geeta's new share =
- Reeta's new share = Old share + Share acquired from Seeta
➜ Reeta's new share = + of
➜ Reeta's new share = + ×
➜ Reeta's new share =
➜ Reeta's new share =
- ∴ The new profit sharing ratio between Geeta and Reeta = :
➨ New profit between Geeta and Reeta = 3 : 2 ★
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(ii) Calculation of new profit sharing ratio when Geeta retires :-
Here,
- Profit sharing ratio among Seeta, Geeta and Reeta = 4 : 3 : 2
- Seeta's share =
- Geeta's share =
- Reeta's share =
When Geeta retires,
- Seeta's new share = Old share + Share acquired from Seeta
➜ Seeta's new share = + of
➜ Seeta's new share = + ×
➜Seeta's new share =
➜ Seeta's new share =
- Reeta's new share = Old share + Share acquired from Seeta
➜ Reeta's new share = + of
➜ Reeta's new share = + ×
➜ Reeta's new share =
➜ Reeta's new share =
- ∴ The new profit sharing ratio between Geeta and Reeta = :
➨ New profit between Geeta and Reeta = 2 : 1 ★
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(iii) Calculation of new profit sharing ratio when Reeta retires :-
Here,
- Profit sharing ratio among Seeta, Geeta and Reeta = 4 : 3 : 2
- Seeta's share =
- Geeta's share =
- Reeta's share =
When Reeta retires,
- Seeta's new share = Old share + Share acquired from Seeta
➜ Seeta's new share = + of
➜ Seeta's new share = + ×
➜ Seeta's new share =
➜ Seeta's new share =
- Geeta's new share = Old share + Share acquired from Seeta
➜ Geeta's new share = + of
➜ Geeta's new share = + ×
➜ Geeta's new share =
➜ Geeta's new share =
- ∴ The new profit sharing ratio between Seeta and Geeta = :
➨ New profit between Geeta and Reeta = 4 : 3 ★