Question

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.​

Answer 1

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:

Answer 2

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 -  $\frac{1}{8} = \frac{7}{8}$

Since, no further information is given, we divide $\frac{7}{8}$ in the ratio 3:2: 7 between old partners.

Kapil's New Share = $(\frac{7}{8} )(\frac{2}{12}) = \frac{14}{96}$

Ravi's Share = $\frac{1}{8} = \frac{12}{96}$

The profit sharing ratio between Kapil and Ravi:

$= \frac{14}{96} : \frac{12}{96}$ or 14 : 12 or 7 : 6.

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