Question

Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit Ashok for 3/7th share in the firm which he takes 2/7th from Ravi and 1/7th from Mukesh. Calculate new profit-sharing ratio.

Answer 1

New profit sharing is calculated below.

Explanation:

Old ratio between Ravi and Mukesh is given as:

$\frac{7}{10}: \frac{3}{10}$

Share Ashok would take = 3/7th of profit

New Ratio = Old Ratio - Sacrifing Ratio

So, new ratio will be calculated by deducting 2/7th from Ravi’s ratio and 1/7th from Mukesh.

Sacrifice by Ravi = $\frac{2}{7}$

Sacrifice by Mukesh = $\frac{1}{7}$

Ravi’s share

$=\frac{7}{10}-\frac{2}{7}=\frac{49}{70}-\frac{20}{70}=\frac{29}{70}$

Mukesh’s share

$=\frac{3}{10}-\frac{1}{7}=\frac{21}{70}-\frac{10}{70}=\frac{11}{70}$

Thus, the new profit-sharing ratio would be =

$\begin{aligned}&=\frac{29}{70}: \frac{11}{70}: \frac{3}{7}\\\\&\begin{array}{l}=\frac{29: 11: 30}{70} \\\\=29: 11: 30\end{array}\end{aligned}$

Thus, the new profit - sharing ratio is 29 : 11 :30

Answer 2

Answer:

mine answers are little straightforward...but good to understand...mark me as best