Question

A and B are partners in a firm sharing profits and losses in the ratio of 2 : 3. C is

admitted for 1/5 share in the profits of the firm. If C gets it wholly from A, the

new profit sharing ratio after C’s admission ​

Answer 1

Answer:

3 : 2 = B : C

Explanation:

I hope this helps you

Answer 2

Answer:

The new profit-sharing ratio will be 1:3:1

Explanation:

Given:

Old profit sharing ratio at 2:3

C is admitted infirm

He takes his share from Alone

To FInd:

New profit sharing ratio

Solution:

C gets his entire share from A;

B's new share will be 3/5

(Note - Denominator is 5 as it is addition of the base of old profit sharing ratio i.e. 2+3)

A's new share = Old Raito - Share taken by C

A's new share = $\frac{2}{5} - \frac{1}{5} = \frac{1}{5}$

C's new share = $\frac{1}{5}$

Therefore, the new profit sharing ratio = 1:3:1

Conclusion:
A and B are partners in firm sharing profits and losses in the ratio of 2 : 3. C is admitted for 1/5 share in the profits of the firm. If C gets it wholly from A, then the new profit sharing ratio after C’s admission ​will be 1:3:1.

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