p and q are partners sharing profits in 2:1 ratio they admitted R into partnership giving him 1/5th share which he acquired from P And Q in 1:2 ratio calculate new profit sharing ratio
Answers
Answer:
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Explanation:
1:3
Answer:
ANSWER
Admission of a partner leads to the reconstitution of partnership. As a result of which there is a change in the profit sharing ratio among the partners. The new partner acquires his share from the existing partners.
P and Q are the old partners sharing ratio. R is admitted as new partner and he is acquiring his share in a specified ration from the existing partners. First we will calculate the new ratio of the partners.
P= 3/5 - 1/5 = 2/5
Q= 2/5- 4/25 = 6/25
R= 1/5 + 4/25 = 9/25
so the new ratio is 10:6:9
Now we will calculate the sacrificing ratio= old ratio - new ratio
P= 3/5- 2/5= 1/5
Q=2/5-6/25 = 4/25
So, the ratio in which they are giving up the share is the sacrificing ratio.