Question

A and B are sharing profits and losses in the ratio of 3:2. They admit C as a partner and given him 2/10th share in the profit. Calculate new profit of sharing ratio

Answer 1

Answer:

calculating new profit sharing ratio:-----

C's share = 2/10

remaining share in the firm:---- 1 - 2/10  =  8/10

new share :--- old share × remaining share in the firm

A's share = 3/5 × 8/10 = 24/50

B's share = 2/5 × 8/10 = 16 / 50

C's share = 2/10

    A  :     B    :     C

  24/50 : 16/50  :  2/10  = 24: 16: 2 / 50

=  24 : 16 :  10

HENCE NEW SHARE WILL BE

24 : 16 : 10