Jai Vijay and Ajay are the partners sharing profit and losses in the ratio of 5:3:2 .they admit Amar into partnership and given him 1/5th shares of profit find new profit sharing ratio
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>>Reconstitution of a Partnership Firm - Admission of a Partner
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X,Y and Z are partners sharing profits and losses in the ratio of 5:3:2. They admit A into partnership and give him 1/5
th
share profits. Find the new profit ratio.
Easy
Solution
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X's old ratio= 5/10
Y's old ratio= 3/10
Z's old ratio= 2/10
A is admitted for 1/5th share in the profits.
Hence, remaining share= 1-[1/5]
= 4/5
New Profit sharing ratio:
X's new share= 5/10 * 4/5
= 2/5
Y's new share= 3/10 * 4/5
= 6/25
Z's new share= 2/10 * 4/5
= 4/25
A's new share= 1/5
New profit ratio= 10:6:4:5
Explanation:
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