A and B are partners sharing profit in the ratio of 3:2.They admit C as a partner by giving 1/3 share in future profits .The new ratio.
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Answer:
New profit sharing ratio =
A : B: C = 6 : 4 : 5
Explanation:
Solution:-
→ Old ratio:
A : B = 3 : 2
- A's share = 3/5
- B's share = 2/5
They admit c as a new partner for 1/3 on future
- C's share = 1/3
Total share be = 1
- C's share = 1/3
Remaining share = 1 - 1/3 = 2/3
→New profit sharing ratio :
- A's new ratio = 2/3 × 3/5 = 6/15
- B's new ratio = 2/3 × 2/5 = 4/15
- C's new ratio = 1/3 × 5/5 = 5/15
New profit sharing ratio=
- A : B : C = 6/15 : 4/15 : 5/15
→ 6 : 4 : 5
There fore new profit sharing ratio = A : B: C = 6 : 4 : 5
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