ka and b were partners in a firm sharing profit and losses in the ratio of 3:2they admitted c into the partnership with 1/6th share in the profit calucate the new profit sharing ratio
Answers
Answered by
1
Answer:
A's old share= 3/5
B's old share= 2/5
C is admitted for 1/4th share
Remaining share= 1-[1/4]
= 3/4
A's new share= 3/5 * 3/4
= 9/20
B's new share= 2/5 * 3/4
= 6/20
New Profit sharing ratio after C's admission= 9:6:5
Now, ratio before D's admission= 9:6:5
D is admitted for 20/100th share
Remaining share= 1-[20/100]
= 80/100
Hence, A's new ratio= 9/20 * 80/100
= 72/200
B's new ratio= 6/20 * 80/100
= 48/200
C's new ratio= 5/20 * 80/100
= 40/200
New profit sharing ratio after D's admission= 72:48:40:40
= 9:6:5:5
Similar questions