Akash yogesh and Bhavesh are partners sharing profit and losses in the ratio of 4:3:1. yogesh retires and gaining ratio between Akash and Bhavesh is 4:5.calculate new profit sharing ratio
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GIVEN : Profit sharing ratio between Akash, Yogesh , Bhavesh 4:3:1 ; Gaining Ratio between Akash and Bahvesh is 4:5.
TO FIND : New profit sharing ratio
SOLUTION :
As Yogesh is retiring from the partnership and his share is acquired by Akash and Bhavesh in the ratio of 4:5.
Akash acquired yogesh share =
Bhavesh acquires yogesh share =
New share of Akash = ×
=
New share of Bhavesh = ×
=
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