Baskar and pillai are partners sharing profits and losses in the ratio 3:2.they admitted kanika into partnership for 1/4th share in the profits
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Baskar and pillai are partners sharing profits and losses in the ratio 3:2.they admitted kanika into partnership for 1/4th share in the profits ratio is 3:2:1.....
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Answer:. - find remaining share.
2. - multiply baskar and pillai shares with remaining shares
now , you will got shares of baskar and pillai
now subtract old share from new share.
Explanation:
remaining share 1 - 1 / 4 = 3/4
baskar acquires shares = 3/5 x 3/4 = 9 / 20.
pillai acquires shares = 2/5 x 3/4 = 6 / 20.
( you got sacrifice share now find NEW PROFIT SHARING RATIO ).
BASKAR SHARES = OLD - NEW
= 3 / 5 - 9 / 20 = 3 / 20.
PILLAI SHARES = OLD - NEW.
= 2 / 5 - 6 / 20 = 2 / 20
Sacrificing = 9 : 2 New Profit Sharing Ratio = 3:2
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