Ram, Mohan and Sohan were partners sharing profits in the ratio of 1/5, 1/3 and 7/15 respectively. Sohan retires and his share was taken by Ram and Mohan in the ratio of 3 : 2. Find out the new ratio.
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The new Ratio is 12 : 13
Explanation:
Old ratio (Ram, Mohan and Sohan)
Or
Old Ratio (Ram, Mohan and Sohan)
Sohan's Profit Share =
Sohan taken by share in the ratio (Ram and Mohan) = 3 : 2
Ram's Share
Mohan's Share
New Profit Share = Old Profit Share + Sohan taken by Share
Ram's
=
Mohan's
New profit Sharing Ratio (Ram and Mohan)
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