Question

Mohan and Ganpat are sharing profits and losses in the ratio 2:3. They admitted Vipul for 1/4th share in future profit. Calculate new profit sharing ratio.

Answer 1

Step-by-step explanation:

Given Mohan and Ganpat are sharing profits and losses in the ratio 2:3. They admitted Vipul for 1/4th share in future profit. Calculate new profit sharing ratio.

• So Mohan’s share will be 2/5
• Ganpat’s old share will be 3/5
• Now Vipul is admitted for 1/4th share
• Let future profit be 1
• Now remaining share will be 1 – ¼
•                                                  = ¾
•   So Mohan’s new share will be 2/5 x ¾ = 6/20
•    Also Ganpat’s new share will be 3/5 x ¾ = 9/20
• Therefore new profit sharing ratio after Vipul is admitted                                   will be ¼ x 5/5 = 5/20
• So the ratio will be 6:9:5

Reference link will be

https://brainly.in/question/43341386