p q are partners sharing profits in 2:1 ratio .they admitted r into partnership giving him 1/5 share which he acquired from p and q in 1:2 ratio . calculate the new profit sharing ratio
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Answer:
3:1:1
Explanation:
old ratio: 2:1
R's share: 1/5
P's sacrifice: 1/5 × 1/3= 1/15
Q's sacrifice: 1/5 × 2/3= 2/15
P's new share: old share - sacrifice
= 2/3 -1/15
= 9/15
Q's new share
= 1/3- 2/15
= 3/15
new profit sharing ratio= 9:3:3 or 3:1:1
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