mohan and mahesh were partners in a firm sharing profits and losses 3:2. nusrat is admitted as a partner with 1/4 share of profit nusrat takes his share from mohan and Mahesh in the ratio of 2:1. calculate new profit sharing ratio.
Answers
Answered by
2
Answer:
X's old share= 3/5
Y's old share= 2/5
Z is admitted for 1/4th share
Sacrificing ratio is 2:1
Z acquired 2/3 * 1/4 = 2/12 from X
Z acquired 1/3 * 1/4 = 1/12 from Y
Hence,
X's new ratio= 3/5-2/12
= 26/60
Y's new ratio= 2/5-1/12
= 19/60
Z's share= 15/60
New Profit sharing ratio= 26:19:15
Similar questions