Question

Anurag and bhavna entered into partenership on 1april 2014 . on 1 jan 2015 , they admitted monika as a new partner for 3/10 th share in the profits which she acquired equally from, anurag and bhawana and monika was 4:3:3 calculate the profit sharing ratio of anurag and bhawna at the time of forming the partnership.​

Answer 1

Explanation:

★ Correct Question :

Anurag and Bhawana entered into the partnership on 1April 2014 . on 1 Jan 2015 , they admitted Monika as a new partner for 3/10 th share in the profits which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4:3:3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.

Given :

• Anurag and Bhawana entered into the partnership

• Profit share of third partner (Monika) = 3 / 10

• The new profit sharing ratio of Anurag, Bhawana and Monika was 4 : 3 : 3

To find :

The profit sharing ratio of Anurag and Bhawana (at the time of forming the partnership)

Solution :

The new profit sharing ratio of Anurag, Bhawana and Monika was 4 : 3 : 3

⇒ $\frac{4}{10} \: : \: \frac{3}{10} \: : \: \frac{3}{10}$

Anurag's share (old) = New share + share given to Monika

⇒ $\frac{4}{10} \: + \: ( \frac{3} {10} \: \times \: \frac{1}{2}) \:$

⇒ $\frac{11}{20}$

Bhawana's share (old) = New share + share given to Monika

⇒ $\frac{3}{10} \: + \: ( \frac{3}{10} \: \times \: \frac{1}{10} )$

⇒ $\frac{9}{20}$

The ratio is = 11 : 9

Ratio of Anurag and Bhawana at the time of forming the partnership is 11 : 9