Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha and Dinkar.
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Answer:
Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha
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New-Profit sharing ratio is calculated below.
Explanation:
Old ratio given between Bharati and Astha is given as 3:2.
Profit share Dinkar would get after his admission = 1/5th of the profit (that is equally from Bharati and Astha)
Calculating Astha and Bharati’s sacrifice:
Bharati’s sacrifice
Astha’s sacrifice
Calculating New Share:
This amount will be deducted to calculate new share:
Bharati’s new share
Astha’s new share
Dinkar's new share
Thus, New profit-sharing ratio becomes = Bharati: Astha: Dinkar
This can also be written as: 5:3:2
Thus, the New profit-sharing ratio becomes 5 : 3 :2
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