Question

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

Answer 1

Answer:

sacrificing ratio

ankit: 1/5 × 2/5 = 2/25

basant: 1/5 × 3/5 = 3/25

new ratio

ankit: 3/5 - 2/25 = 13/25

basant 2/5 - 3/25 = 7/25

govind: 1/5 × 5/5 = 5/25

new ratio 13:7:5