Question

7) Reena and Bina are partners in a firm sharing profit in the ratio 7:3.they admitted Meena for three seventh share which she takes to 2/7 from Reena and 1/7th from Bina. Calculate the new profit sharing ratio

​

Answer 1

Answer:

see below

Explanation:

A and B are partners in a firm sharing profit/losses in the ratio 7 : 3.

A will surrender 1/7th of his share for C = 7/10 *3/21

                                                                 = 21/210

B will surrender 1/3rd of his share for C = 3/10 * 7/21

                                                                 = 21/210

Now , the new profit sharing ratio of A,B and C will be :

A=  7/10 - 21/210 = 126/210

B=  3/10 - 21/210 = 42/210

C= 21/210 + 21/210 = 42/210

Hence , 146 : 42 : 42 can be written as 6 : 2 : 2.