Question

Mohan and ganpat are two partner sharing profit and losses in the ratio 2:3 they decided to admit chandrakant for 1/4 share, the new PSR will be

Answer 1

Step-by-step explanation:

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Answer 2

Given: Existing profit/loss sharing ratio between Mohan and Ganpat = 2:3

           Share of new partner Chandrakant = 1/4

To find: New profit sharing ratio

Let: Total profit of firm after the admission of Chandrakant = 1

Solution, According to the given information and assumption made,

Chandrakant's share in firm = 1/4

Remaining share for Mohan and Ganpat = 1 - $\frac{1}{4}$ = $\frac{3}{4}$

Distributing 3/4 share between Mohan and Ganpat in the ratio 2:3 -

Mohan's share = $\frac{3}{4}$ × $\frac{2}{5}$ = $\frac{6}{20}$

Ganpat's share = $\frac{3}{4}$ × $\frac{3}{5}$ = $\frac{9}{20}$

Chandrakant's share = $\frac{1}{4}$ × $\frac{5}{5}$= $\frac{5}{20}$ (Just made denominator 20 by multiplying fraction with 5)

New Profit sharing ratio = 6 : 9 : 5