Question

. A, B and C are partners sharing profits in 3:2:2 ratio. They admitted D as a

new partner for 1/5 share which he acquired from A, B and C in 2:2:1 ratio

respectively. Calculate new profit sharing ratio?
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Answer 1

Answer:

See,

old ratio= 3:2:2

D is admitted as a new partner for 1/5th share.

He acquire his share from A, B and C in the ratio 2:2:1

That means,

he is taking 2/5 of 1/5(his share) from A =2/25

similarly

from B = 2/5 of 1/5 = 2/25

and, from C =1/5 of 1/5 = 1/25

So, A sacrifice 2/25 , B sacrifice 2/25 and C sacrifice 1/25

New shares of partners in the profit will we

A's share = 3/7 - 2/25 = 61/175

B's share = 2/7 - 2/25 = 36/175

C's share = 2/7 - 1/25 = 43/175

D's share = 1/5 or 35/175

Hence, new profit sharing ratio is

61:36:43:35