Question

Q5. Shiva and Mohan are sharing profits and losses in the ratio of 5:3. They admit jea as a partner and given him 3/10 share of the profits. This share he will get 1/5 from Shiva and 1/100 from Mohan (a) 5:6:3 (d) 18:24:38 (c) 17.11.12 (b) 2.4.6
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Answer 1

Answer:

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Explanation:

) Old ratio (Shiv, Mohan and Hari) = 5:5:4

Mohan's profit share = 5/14

His share is divided between Shiv and Hari equally i.e in the ratio of 1:1

Share of Mohan taken by Shiv = 5/14 X 1/2 = 5/28

Share of Mohan taken by Hari = 5/14 X 1/2 = 5/28

New profit share = Old profit share + Share taken from Mohan

Shiv's new share = 5/14 + 5/28 = 10/28 + 5/28 = 15/28

Hari;s new share = 4/14 + 5/28 = 8/28 + 5/28 = 13/28

New profit share (Shiv and Hari) = 15 : 13

(b) Old ratio (P, Q and R) = 5 : 4 : 1

P's profit share = 5/10

Since, no information is given on how Q and R are acquiring P's profit share after his retirement, therefore the new profit sharing ratio between Q and R is calculated just by crossing out P's share. That is, the new ratio becomes 4 : 1

New profit ratio (Q and R) = 4 : 1

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Answer 2

CORRECT QUESTION :

• ➲ Shiva and Mohan are sharing profits and losses in the ratio of 5 : 3. They admit Jea as a partner and give him 3/10th share of the profits. This share he will get 1/5th from Shiva and 1/10th from Mohan. The new profit-sharing ratio will be (a) 5 : 6 : 3 (b) 18 : 24 : 38 (c) 17 : 11 : 12 (d) 2 : 4 : 6

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ANSWER :

• ❖ Shiva and Mohan are sharing profits and losses in the ratio of 5 : 3 and they admit Jea as a partner and give him 3/10th share of the profits which he will get 1/5th from Shiva and 1/10th from Mohan; then the new profit-sharing ratio will be (c) 17 : 11 : 12.

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SOLUTION :

❒ Given :-

• Shiva and Mohan are sharing profits and losses in the ratio of 5 : 3.

• Jea is admitted as a partner and give him 3/10th share of the profits.

• Jea gets his share 1/5th from Shiva and 1/10th from Mohan.

❒ To Calculate :-

• New Profit Sharing Ratio = ?

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❒ Calculation :-

It is given that,

• Shiva and Mohan are sharing profits and losses in the ratio of 5 : 3.

So,

• Shiva's Old Share = $\sf{\dfrac{5}{8}}$

• Mohan's Old Share = $\sf{\dfrac{3}{8}}$

Again,

• Jea is admitted as a partner and give him $\rm{\dfrac{3}{10}}$ th share of the profits.

• Jea takes $\rm{\dfrac{1}{5}}$ th from Shiva and $\rm{\dfrac{1}{10}}$ th from Mohan.

So,

• Shiva's Sacrifice = $\sf{\dfrac{1}{5}}$

• Mohan's Sacrifice = $\sf{\dfrac{1}{10}}$

Therefore,

• ★ Shiva's New Share = Shiva's Old Share - Shiva's Sacrifice

➜ Shiva's New Share = $\tt{\dfrac{5}{8} - \dfrac{1}{5}}$

➜ Shiva's New Share = $\tt{\dfrac{25 - 8}{40}}$

➜ Shiva's New Share = $\tt{\dfrac{17}{40}}$

Similarly,

• ★ Mohan's New Share = Mohan's Old Share - Mohan's Sacrifice

➜ Mohan's New Share = $\tt{\dfrac{3}{8} - \dfrac{1}{10}}$

➜ Mohan's New Share = $\tt{\dfrac{15 - 4}{40}}$

➜ Mohan's New Share = $\tt{\dfrac{11}{40}}$

And,

• ★ Jea's Share = $\tt{\dfrac{3}{10}}$

➜ Jea's Share = $\tt{\dfrac{3 \times 4}{10 \times 4}}$

➜ Jea's Share = $\tt{\dfrac{12}{40}}$

Thus,

• ✪ New Profit Sharing Ratio of Shiva, Mohan and Jea = New Share of Shiva : New Share of Mohan : Share of Jea

➨ New Profit Sharing Ratio of Shiva, Mohan and Jea = $\bf{\dfrac{17}{40}}$ : $\bf{\dfrac{11}{40}}$ : $\bf{\dfrac{12}{40}}$

∴ New Profit Sharing Ratio among Ravi, Mukesh and Ashok = 17 : 11 : 12