Question

4. Veena and Vani are partners sharing profits in the ratio of 3:2. They admit Rani
as a new partner for 1/5th share in the future profits of the firm, which she
gets equally from Veena and Vani. Calculate new profil sharing ratio of Veena,
Vani and Rani.
(Ans: 5:3:2)​

Answer 1

Answer:

Sumit's share = 1/5

Remaining share = 1 - 1/5 = 4/5

Anil's new share = 3/5 X 4/5 = 12/25

Vishal's new share = 2/5 X 4/5 = 8/25

New profit sharing ratio of Anil, Vishal and Sumit are 12:8:5

Note: It has been assumed that the new partner acquired his share from old partners in old ratio.