ram and laxman are equal partners. They decided to admit bharat in the firm for 1/3th share in the future profit. Find new profit sharing ratio.
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let the total share be 1
remaining share = 1-1/3 = 2/3
Ram's share = 2/3×1/2 = 2/6
laxman's share = 2/3×1/2 = 2/6
bharat's share = 1/3
new ratio = 2/6 : 2/6 : 1/3 = 2:2:2 or equal
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