Foram and Noopur are partners in a
partnership firm sharing profit and loss in
the ratio of 5:4. They admitted Dolly with
condition to give 3/5th share in profit for
which 2/5th share would be received from
Foram and 1/5th
share from Noopur.
Find out new profit-loss sharing ratio.
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Explanation:
- foram's Share =5/9-2/5=7/45
- Noopur's Share = 4/9-1/5=18/45
- dolly's share = 3/5×9/9=27/45
- new profir sharing ratio= 7:18:27
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