Question

p and q sharing profits in the ratio of 2:1, admit R who purchases 1/3rd share from p. compute the new profit sharing ratio.​

Answer 1

Answer:

1:1:1

Explanation:

old share of P&Q is 2:1

i.e. P has 2/3 rd share

and Q has 1/3rd share

R's share is 1/3

now,

P's share is 2/3-1/3=1/3 (since,1/3 share sacrificed to R)

Q's share remains 1/3

Therefore, new sharing ratio is 1/3:1/3:1/3=1:1:1