Question

Joy and Joseph are partners in a firm sharing profits in the ratio of 9:7.john is admitted as a new partner for 3/16 share of profits,which he calculate the new profit sharing ratio​

Answer 1

Explanation:

Joy. Joseph John is admitted for 3/16thshare

9. :. 7

Let the total share of the firm be 1

the remaining share will be

= 1 - 3/16 = 13/16

Joy's new share = 9/16×13/16 = 117/ 256

joseph's new share = 7/16×13/16 = 91/256

john's share = 3/16× 16/16 = 48/256

the new profit-sharing raito is 117:91:48