Question

Ram and Mohan are partners in a firm sharing profits in 4:1 ratio. They admitted Sohan as a new partner for 1/4th share in the profits, which Sohan acquired fully from Ram. Determine the new profit sharing ratio of the partners.
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Answer 1

Answer:

sohan=1/4 remaining share =3/4

Ram=3/4×4/5=12/20

Mohan=3/4×1/5=3/20

Ram:Mohan:Sohan

=12/20:3/20:1/4

=12/20:3/20:5/20

=12:3:5(new profit sharing ratio)