A and B are partners in the ratio of 5 :4 . they admit C for 1/10th shares, which the acquires in equal proportion from both. Find the new profit sharing ratio
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Answer:
Given :
- Old Ratio Of Partners = 5 : 4
- Admit C for ⅒ th Share.
- Acquires equal proportion from both
To Find :
- New Profit Sharing Ratio - ?
Solution :
Here, the question clearly says in relative proportion that, C is admitted for ⅒ th share. Already the parthers sharing profits in 5:4 ( 5 + 4 = 9 ) So, C has 1 share. 5 : 4 : 1 = New Profit Sharing Ratio.
OR Finding by acquiring Equal proportion from both ;
Acquires ⅒ from both means ⅕ from A and B :
New Share Of A :
Old Ratio = 5 ( 5/9 )
New Share Of B :
Old ratio = 4 ( 4 / 9 )
Share Of C :
= 16 : 11 : 18
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