Question

Kanu and Shruti our partners in a firm sharing profit in the ratio 9:6 they admitted raj as a new partner for 1/8 th share in profit it is decided that Kanu and shruti will share profit and losses in future in the ratio 4:2calculate the new profit sharing ratio and sacrificing ratio​

Answer 1

Answer:

A's old share= 36/100

B's old share= 24/100

C's old share= 20/100

D's old share= 20/100

E is admitted for 20/100th share

Remaining share= 1-[20/100]

= 80/100

New ratio among partners should be 3:4:2:1

A's new share= 3/10 * 80/100

= 24/100

B's new share= 4/10 * 80/100

= 32/100

C's new share= 2/10 * 80/100

= 16/100

D's new share= 1/10 * 80/100

= 8/100

New profit sharing ratio= 24:32:16:8:20

= 6:8:4:2:5