Question

A, B & C are partners sharing profits in the ratio of 5:3:2. D is admitted for 1/5th share. What will be the new profit sharing ratio?

Answer 1

Answer:

4 : 2.4 : 1.6 : 2

Explanation:

Old profit sharing ratio is 5:3:2 i.e. 50%:30%20% in percentage terms.

Whenever new partner is admitted it is logical that share of existing partner shall reduce. Old partner has to sacrifice their share so that new partner gets the additional share. The new partner share is 1/5th i.e. 20%. Since sacrifice ratio is not given, let's assume that old partner will sacrifice in same ratio of old profit sharing ratio. Hence 20% will be sacrified by A,B,C in 5:3:2 i.e. sacrifice ratio comes to 10%: 6%:4%. Hence new profit sharing ratio will be

A = 50% less 10% = 40%

B = 30% less 6% = 24%

C=20% less 4% = 16%

D= 20%

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Answer 2

Answer:

4:2.4:1.6:2 so it help u and click brainliest