Anita and tina are partners sharing profits as 9:5. They agree to admit chetan a manager into partnership ,who is to get 1/8 share in the profit . He acquired this share as 1/12 from anita and 1/24 from tina . Calculate new profit sharing ratio
Answers
Answered by
7
Given: Profit Sharing Ratio of Anita and Tina is 9 : 5
and, Chetan will get share of profit.
To Find: New Profit Sharing Ratio
Solution:
A's old share =
B's old share =
Chetan is admitted for share of profits , which he will get as from Anita and from Tina .
So, Anita's new share =
= or
Tina's new share =
=
Chetan's new share = or ×
∴ New Profit Sharing Ratio is Anita : Tina : Chetan
⇒ 94 : 53 : 21
Similar questions
Biology,
4 months ago
Physics,
4 months ago
India Languages,
4 months ago
Physics,
10 months ago
Math,
1 year ago