L, m and n are partners. their profit-sharing ratio were 7: 6: 2 respfectively. they admit o. as a partner and give him 1/6th share calculate the new profit-sharing ratio.
Answers
Answered by
12
Answer:
l:M:N - 7:6:2
O'S SHARE = 1/6
let total share be 1
remaining = 1-1/6 = 5/6
L's new share = 5/6×7/15 = 35/90
M's new share = 5/6×6/15 = 30/90
N's new share = 5/6×2/15 = 10/90
O'S SHARE = 1/6
NPSR - 35/90:30/90:10/90:1/6 = 35:30:10:15
or 7:6:2:3
Similar questions