Question

B and C are partner's. D admitted and it is decided that B's share will be half of C's share and D's share will be 1/3rd of C's share, find new profit sharing ratio.​

Answer 1

New profit sharing ratio will be,

B : C : D = 6 : 3 : 2

• Let C's share be x,

• Then B's share will be half of C's share, i.e.  x÷2, and

• D's share will be one-third of C's share or x÷3

• B : C : D = x : x/2 : x/3

• Taking L.C.M. of 2 and 3, i.e. 6 and multiplying throughout in denominator and numerator, we will get the required profit sharing ratio of B, C and D.