Rakesh, Kapil and Swami are partners in a firm sharing
profits and losses in 3 : 2 : 7 ratios. They admit Ravi as a
new partner for 1/8 share in the profit. Calculate :
(a) The profit sharing ratio between Kapil and Ravi.
Answers
Answered by
8
Answer:
Rakesh, Kapil and Swami are partners in a firm sharing profits and losses in 3 : 2 : 7 ratios. They admit Ravi as a new partner for 1/8 share in the profit. Calculate : (a) The profit sharing ratio between Kapil and Ravi.
Explanation:
Answered by
0
Answer:
The profit sharing ratio between Kapil and Ravi is 14 : 12 or 7 : 6.
Explanation:
Given, old profit sharing ratio between Rajesh, Kapil and Swami are partners in a firm is 3: 2: 7.
They admit Ravi for 1/8 share in the profit.
Remaining Share = 1 -
Since, no further information is given, we divide in the ratio 3:2: 7 between old partners.
Kapil's New Share =
Ravi's Share =
The profit sharing ratio between Kapil and Ravi:
or 14 : 12 or 7 : 6.
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