A,B,C are partners in proportion of 3/6,2/6,and 1/6 respectively D was admitted in the firm as a new partner with 1/6th share. calculate the new profit sharing ratios of tha partners.
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Answer:
650 is the answere how means
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Explanation:
Calculate of new profit sharing ratios :
Let total profit be=1
Share given to D=1/6
Remaining share =1 - 1/6= 5/6
Now the old partners will share this remaining profit in their old profit sharing ratio:
Hence
A' s share =3/6 of 5/6 =5/12
B' s share =2/6 of 5/6 =5/18
C' s share = 1/6 of 5/6 =5/36
D' s share = 1/6
Thus, the new profit sharing ratio of A,B,C and D
5/12 : 5/18 : 5/36 : 1/6= 15:10:5:6/3
= 15 : 10 : 5 : 6
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