Accountancy, asked by harshitc7, 2 days ago

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?​

Answers

Answered by Sauron
4

Explanation:

Solution :

Old Ratio :

A : B : C = 3 : 2 : 2

  • A's Share = 3/7
  • B's Share = 2/7
  • C's Share = 2/7

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

  • D's Share = 1/5

Which he acquired from A,B and C in 2 : 2 : 1 ratio respectively.

D acquired Share from A =

⇒ 1/5 × 2/5 = 2/25

D acquired Share from B =

⇒ 1/5 × 2/5 = 2/25

D acquired Share from C =

⇒ 1/5 × 1/5 = 1/25

New Profit Sharing Ratio :

A's New Share =

⇒ 3/7 - 2/25

⇒ (75 - 14)/175

61/175

B's New Share =

⇒ 2/7 - 2/25

⇒ (50 - 14)/175

36/175

C's New Share =

⇒ 2/7 - 1/25

⇒ (50 - 7)/175

43/175

D's Share =

⇒ 1/5 × 35/35

35/175

New Profit Sharing Ratio =

  • A : B : C : D
  • 61/175 : 36/175 : 43/175 : 35/175

61 : 36 : 43 : 35

Therefore, New profit sharing ratio of A : B : C : D = 61 : 36 : 43 : 35

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