Ram and shyam are partners in a firm in ratio of 3:2. They admit govind for 1/5 share in the future profits. Find out the new ratio of Ram, shyam and govind.
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Explanation:
old ratio =
Ram : shyam = 3:2
share of Ram = 3/5
share of shyam =2/5
Govind admitted 1/5 th share in future profit
Consider profit share = 1
Remaining share=
1 - 1/5 = 4/5
New share of Ram = 4/5 × 3/5 = 12/25
New share of shyam = 4/5 × 2/5 = 8/25
share of Govind = 1/5 = 5/25
The new ratio =
Ram : shyam : Govind
12/25 : 8/25 : 5/25 = 12:8:5
Ram : shyam : Govind = 12:8:5
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