A B and C are in partnership sharing profit and losses as 1 upon 2 3 upon 10 and 1 upon 5 respectively b retires and his share is taken by A and c in the ratio 2 ratio 1 thereafter d is admitted for one fourth share of a profit half of which was given by a and remaining share was taken equally from a and c calculate profit sharing ratio after d's admission
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Old ratio ( A, B and C) = 3 : 2 : 1
Share of B = 2/6
Share of B taken by A = (2/6) * (3/4) = 3/12
share of B taken by C = (2/6) * (1/4) = 1/12
New ratio = Old ratio + Share taken from B
A's new share = (3/6) + (3/12) = 9/12
C's new share = (1/6) + (1/12) = 3/12
Therefore, new share of A and c is 9 : 3 or 3 : 1
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