Question

ravi and harry are partners sharing profits equally. they admitted tulsi for one -fourth share of profits. calculate the new profit sharing and sacrificing ratio.​

Answer 1

Answer is attached here.

Answer 2

Explanation:

Solution :

★ Old Ratio :

Ravi : Harry = 1 : 1

• Ravi's Share = 1/2
• Harry's Share = 1/2

They admitted Tulsi for 1/4 th share of profits.

• Tulsi's Share = 1/4

Let,

Total Profit of all Partners = 1

• Tulsi's Share = 1/4

Remaining Share =

1 - 1/4 = 3/4

★ New profit sharing ratio :

• Ravi's new share =

⇒ 3/4 × 1/2 = 3/8

• Harry's new share =

⇒ 3/4 × 1/2 = 3/8

• Tulsi's Share =

⇒ 1/4 × (1 × 2)/(4 × 2)

⇒ 2/8

New profit sharing ratio =

• Ravi : Harry : Tulsi
• 3/8 : 3/8 : 2/8

⇒ 3 : 3 : 2

New profit sharing ratio of Ravi, Harry and Tulsi = 3 : 3 : 2

★ Sacrificing Ratio :

Old Ratio - New Ratio = Sacrificing Ratio

• Ravi's Sacrifice =

⇒ 1/2 - 3/8 = (4 - 3)/8

⇒ 1/8

• Harry's Sacrifice =

⇒ 1/2 - 3/8 = (4 - 3)/8

⇒ 1/8

Sacrificing Ratio =

• Ravi : Harry
• 1/8 : 1/8

⇒ 1 : 1

Sacrificing Ratio of Ravi and Harry = 1 : 1

Therefore,

• New profit sharing ratio of Ravi, Harry and Tulsi = 3 : 3 : 2

• Sacrificing ratio of Ravi and Harry = 1 : 1