Question

A and B are partners sharing profits and losses in the ratio of 3:2. They admit X abd Y as a new partners. A surrendered 1/3rd of his share in favour of X and B surrendered 1/4th of his share in favour of Y. Calculate the new profit sharing ratio.​

Answer 1

ANSWER

X's old share= 3/5

Y's old share= 2/5

P is admitted for 3/5 * 1/3= 3/15

Q is admitted for 2/5 * 1/4= 2/20

X's new share= 3/5- 3/15

= 6/15

Y's new share= 2/5- 2/20

= 6/20

P's share= 3/15

Q's share= 2/20

New Profit sharing ratio= 4:3:2:1

Answer 2

Answer:

The New Profit Sharing Ratio of A:B:X:Y will be = 4:3:2:1