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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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)
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