Accountancy, asked by PratyushMallik6762, 10 months ago

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 madeducators11
7

Given: Profit Sharing Ratio of Anita and Tina is 9 : 5

       and, Chetan will get \frac{1}{8}^{th} share of profit.

To Find: New Profit Sharing Ratio

Solution:

A's old share = \frac{9}{14}

B's old share = \frac{5}{14}

Chetan is admitted for \frac{1}{8}^{th} share of profits , which he will get as \frac{1}{12} from Anita and \frac{1}{24} from Tina .

So, Anita's new share = \frac{9}{14} - \frac{1}{12}

                                    = \frac{47}{84} or \frac{94}{168}

  Tina's new share = \frac{5}{14} - \frac{1}{24}

                               = \frac{53}{168}

 Chetan's new share = \frac{1}{8} or \frac{21}{168} (\frac{1}{8} × \frac{21}{21} )

∴ New Profit Sharing Ratio is Anita : Tina : Chetan

                                             ⇒  94 : 53 : 21

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