Question

in
Q
7
the
Profito
in
X and
y are Partners in
ferm
Sharing
ratio
2.1
us
Z
of
adrilled
with 1/ Profit sharing
What will be the
Profit
of x, y
and
a
new
Sharing
ratio
z ?​

Answer 1

Answer:

Old ratio ( X: Y) = 3 : 2

Z admitted for 1/5 share of profit

X sacrifices in favour of Z = 1/5

New ratio = Old ratio - sacrificing ratio

X's new share = (3/5) - (1/5)

= 2/5

Y's new share = (2/5) - 0

= 2/5

Z's share = 1/5

Therefore, new profit sharing ratio among X, Y and Z is 2 : 2 : 1