Question

Ankit and Basant are partners in a firm sharing profit and losses in the ratio of 3:2 Govind is admitted in the firm for 1/5th share in profit . Govind gets it from Ankit and Basant in the ratio of 2:3. Calculate the new profit and loss sharing ratio of the partners​

Answer 1

partners

Ankit : Basant : Govind

Govind new partner , so his share is 1/5 and sacrifice share is given 2:3

So first of all we will find sacrifice of old partner :

Sacrifice = old share × share of new partner

Ankit = 1/5×2/5 = 2/25

Basant = 1/5×3/5= 3/25

NOW WE WILL FIND NEW PROFIT AND LOSS RATIO

NEW RATIO =OLD RATIO - SACRIFICE

ANKIT = 3/5-2/25= 13/25

BASANT = 2/5-3/25= 12/25