Accountancy, asked by ambarish3646, 9 months ago

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.

Answers

Answered by aburaihana123
27

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

Answered by Shubhmm985
1

Answer:

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