A,B,C and D are in partnership sharing profit and losses in the ratio of 36:24:20:20 respectively. E joins the partnership for 20% share. Calculate the new profit-sharing ratio after E's admission.
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Answer:
36:24:20:20 ----> 9:6:5:5
C's share 20/100 or 1/5
let total share be 1
remaining share = 1-1/5 = 4/5
A's new share = 9/25×4/5 = 36/125
B's new share = 6/25×4/5 = 24/125
C's new share = 5/25×4/5 = 20/125
D's new share = 5/25×4/5 = 20/125
E's new share = 1/5
new ratio = 36:24:20:20:25
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