ew Proht-sharing Ratio-10:6:
2. Ravi and Mukesh are sharing profits in the ratio of 7:3. They admit Ashok for 3/7th share in the firm
which he takes 2/7th from Ravi and 1/7th from Mukesh.
Calculate new profit-sharing ratio.
Ans. New Profit-sharing Ratio 29: 11:30.)
Answers
Answer:
Ravi's old ratio= 7/10
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firm
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratio
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratio
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratioRavi's new ratio= 7/10-2/7
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratioRavi's new ratio= 7/10-2/7 = 29/70
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratioRavi's new ratio= 7/10-2/7 = 29/70Mukesh's new ratio= 3/10-1/7
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratioRavi's new ratio= 7/10-2/7 = 29/70Mukesh's new ratio= 3/10-1/7 = 11/70
Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratioRavi's new ratio= 7/10-2/7 = 29/70Mukesh's new ratio= 3/10-1/7 = 11/70New Profit sharing ratio of the partners= 29:11:30
New Profit-sharing Ratio - 29 : 11 : 30
Explanation:
Old Ratio:
Ravi : Mukesh = 7:3
- Ravi's Share = 7/10
- Mukesh's Share = 3/10
They admit Ashok for 3/7th share in the firm
which he takes 2/7th from Ravi and 1/7th from Mukesh.
★ New profit-sharing ratio :
Ashok takes 2/7th Share from Ravi :
• Ravi's New Share =
⇒ 7/10 - 2/7 = (49 - 20)/70
⇒ 29/70
Ashok takes 1/7th Share from Ravi :
• Mukesh's New Share =
⇒ 3/10 - 1/7 = (21 - 10)/70
⇒ 11/70
• Ashok's Share =
⇒ 3/7 = (10×30)/(10×7)
⇒ 30/70
New Profit Sharing Ratio :
- Ravi : Mukesh : Ashok
⇒ 29/70 : 11/70 : 30/70
⇒ 29 : 11 : 30
Therefore, New Profit-sharing Ratio
Ravi : Mukesh : Ashok = 29 : 11 : 30