Dinesh and Mahesh are partners sharing profits and losses in the ratio of 3:2. They admit Ramesh into business and the new ratio was agreed to be 5:4:3. Calculate the sacrifice ratio.
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Answers
Answer:
Sacrifice Ratio =
Dinesh : Mahesh = 11 : 4
Explanation:
Solution :
★ Old Ratio :
Dinesh : Mahesh = 3 : 2
- Dinesh's Share = 3/5
- Mahesh's Share = 2/5
They admit Ramesh into business and the new ratio was agreed to be 5:4:3.
★ New Profit Sharing Ratio :
Dinesh : Mahesh : Ramesh = 5 : 4 : 3
- Dinesh's New Share = 5/12
- Mahesh's New Share = 4/12
- Ramesh's New Share = 3/12
★ Sacrifice Ratio :
Sacrifice Ratio = Old Ratio - New Ratio
• Dinesh's Sacrifice =
⇒ 3/5 - 5/12 = (36 - 25)/60
⇒ 11/60
• Mahesh's Sacrifice =
⇒ 2/5 - 4/12 = (24 - 20)/60
⇒ 4/60
Sacrifice Ratio =
- Dinesh : Mahesh
- 11/60 : 4/60
⇒ 11 : 4
Therefore, Sacrifice Ratio =
Dinesh : Mahesh = 11 : 4
Explanation:
old ratio of Dinesh and Mahesh = 3:2.
They admit Ramesh
The new ratio was agreed to be 5:4:3
- Calculate the sacrifice ratio.
sacrifice ratio = old sharing ratio -new sharing ratio
old ratio = 3:2.
The new ratio = 5:4:3
They admit Ramesh (new partner)
Sacrifice ratio between Dinesh and Mahesh
sacrifice (Dinesh) = 3/5 - 5/12 = 11/60
sacrifice (Mahesh) = 2/5 - 4/12 = 4/60
ratio = 11:4