Question

Anita and Tina are Partner sharing profit as 9: 5 They agree to admit Chetan into Partnership for 1/8th share which he acquire 1/12th from Anita and 1/24th from Tina. Calculate new profit sharing ratio. (Ans: 94:53:21

Answer 1

Answer:

94:45:21

Explanation:

Anita's New Share = Old Share -Sacrifice

$= \frac{9}{14} - \frac{1}{12}$

$= \frac{54 - 7}{84} = \frac{47}{84}$

Tina's New Share = Old Share -Sacrifice

$= \frac{5}{14} - \frac{1}{24}$

$= \frac{60 - 7}{168} = \frac{53}{168}$

Chetan's New Share= Anita's Sacrifice + Tina's Sacrifice

$= \frac{1}{12} + \frac{1}{24}$

$= \frac{2 +1 }{24} = \frac{3}{24}$

New Profit Sharing Ratio =

$\frac{47}{84}: \frac{53}{168}: \frac{3}{24}$

Now Take LCM =

$\frac{94:53:21}{168}$

New profit Sharing Ratio = 94:53:21

Answer 2

Explanation:

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