Question

ADIUJIUIVUM
4.6
A PARTNER
ILLUSTRATION 6.
admitted Allen as a new partner for 20% of share in the profits. Allen acquired his
share of profits in the ratio of 1 : 2 from Lucy and Zeny. Calculate the new profit
sharing ratio of Lucy, Zeny and Allen.
(b) 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.
(a) Lucy and Zeny were partners in a firm sharing profits in 4 : 3 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

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