ram and sham sharing profit in the ratio of5:3 they admit monu as a new partner with 1/5 share in future profit which he gets 3/20 from ram and 1/20 from sham calculate new profit sharing ratio
Answers
Given :-
Ram and sham sharing profit in the ratio of5:3 they admit monu as a new partner with 1/5 share in future profit which he gets 3/20 from ram and 1/20 from sham
To Find :-
Profit sharing ratio
Solution :-
New Share of Ram = Old share - Share taken of Ram
New Share = 5/8 - 3/20
New Share = 5(5) - 3(2)/40
New Share = 25 - 6/40
New Share = 19/40
New Share of Sham = Old share - Share taken of Sham
New Share = 3/8 - 1/20
New Share = 3(5) - 1(2)/40
New Share = 15 - 2/40
New Share = 13/40
Now
New Share of Monu = 1 - (New Share of Ram + Sham)
New Share of Monu = 1 - (19/40 + 13/40)
New Share of Monu = 1 - 32/40
New Share of Monu = 40 - 32/40
New Share of Monu = 8/40
Ration = 19/40 : 13/40 : 8/40
Answer:
Given :-
Ram and sham sharing profit in the ratio of5:3 they admit monu as a new partner with 1/5 share in future profit which he gets 3/20 from ram and 1/20 from sham
To Find :-
Profit sharing ratio
Solution :-
New Share of Ram = Old share - Share taken of Ram
New Share = 5/8 - 3/20
New Share = 5(5) - 3(2)/40
New Share = 25 - 6/40
New Share = 19/40
New Share of Sham = Old share - Share taken of Sham
New Share = 3/8 - 1/20
New Share = 3(5) - 1(2)/40
New Share = 15 - 2/40
New Share = 13/40
Now
New Share of Monu = 1 - (New Share of Ram + Sham)
New Share of Monu = 1 - (19/40 + 13/40)
New Share of Monu = 1 - 32/40
New Share of Monu = 40 - 32/40
New Share of Monu = 8/40
Ration = 19/40 : 13/40 : 8/40