Question

Karan and Raman are partners sharing profits in the ratio of 3:2. Jolly was admitted as a new partner with 1/5th share in the profits and she brought in ₹ 24,000 as her share of goodwill premium that was credited to the capital accounts of Karan and Raman respectively with ₹ 18,000 and ₹ 6,000. Calculate the new profit sharing ratio of Karan, Raman and Jolly​

Answer 1

Explanation:

let the ratios be 3x and 2x

then 3x+2x is the total profit

5x×1/5=24000

x=₹24000

total profit=

₹24000×5

₹120000

karan profit

=3x24000-18000

=54000

Raman's profit

₹2×24000-6000

₹42000

total profit

karan+ raman +jolly

54000+42000+24000=₹1200000

it's mean old profit = new profit hence its correct till now

2.2:2.8:5