rakesh, kapil and swami are three partner hir profit sharing ratio is 3:2:7: and they admit new partner ravi with1/8share calculate profit sharing ratio between kapil and ravi.
Answers
Given : Rakesh, kapil and swami are three partner profit sharing ratio is 3:2:7
they admit new partner ravi with 1/8 share
To Find : profit sharing ratio between kapil and ravi.
Solution:
Rakesh, kapil and swami are three partner hir profit sharing ratio is 3:2:7
Rakesh share = 3/12
kapil share = 2/12
Swami share = 7/12
new partner ravi with 1/8 share
Remaining Share = 7/8
Rakesh share = 3/12 x 7/8 =21/96
kapil share = 2/12 x 7/8 = 14/96
Swami share = 7/12 x 7/8 = 49/96
Ravi share = 1/8 = 12/96
ratio between kapil and ravi.
14/96 : 12/96
= 14 : 12
= 7 : 6
ratio between kapil and ravi. = 7 : 6
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