Anita and Sunita are partners in a firm sharing profits in the ratio of 3 : 2 respectively. They admitted Vinita as a new partner for 1/4 share. The new profit sharing ratio between Anita and Sunita will be 2 : 1. Calculate their sacrificing ratio.
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Given data:
- Anita and Sunita are partners in a firm, sharing profits and losses in the ratio 3:2.
- Vinita is admitted for 1/4th of the shares.
- The new profit-sharing ratio for Anita and Sunita is 2:1.
To find: The sacrificing ratio.
Answer:
- Anita's old share = 3/5
- Sunita's old share = 2/5
- Anita's new share = 2/3
- Sunita's new share = 1/3
- Vinita's share = 1/4
Let the total profit be assumed as 1.
The remaining share [For Anita and Sunita] = 1 - 1/4 = 3/4
The remaining share will be distributed among Anita and Sunita in their new profit-sharing ratio.
Calculation of the new profit-sharing ratio:
New ratio = Remaining share × New ratio
For Anita:
- New ratio = 3/4 × 2/3 = 6/12
For Sunita:
- New ratio = 3/4 × 1/3 = 3/12
For Vinita:
- New ratio = 1/4, or 3/12
Therefore, the new profit-sharing ratio is 6:3:3, or 2:1:1.
Calculation of the sacrificing ratio:
Sacrificing ratio = Old ratio - New ratio:
For Anita:
- Sacrificing ratio = 3/5 - 2/4 = (12 - 10)/20 = 2/20
For Sunita:
- Sacrificing ratio = 2/5 - 1/4 = (8 - 5)/20 = 3/20
Therefore, the sacrificing ratio is 2:3.
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Answer:
The sacrificing ratio is 2:3
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