semma, mohit, meena were partners in a firm sharing profit in the ratio of 7:6:7 mohit reitired and the share was divided equally between semma and meena . Calculate the new profit sharing ratio of semma and meena
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Explanation:
old ratio of semma, mohit and meena = 7 : 6 : 7
semma = 7/20
mohit = 6/20
meena = 7/20
mohit reitired and the share was divided equally between semma and meena .
mohit's share taken by semma = 6/20× 1/2 = 6/40
mohit's share taken by meena = 6/20 × 1/2 = 6/40
New profit sharing ratio =
New share of semma =
= 6/40 + 7/20
= 6/40 + 14/40
= 20/40
New share of meena =
= 6/40 + 7/20
= 6/40 + 14/20
= 20/40
New profit sharing ratio =
semma : meena = 20/40 : 20/40
20 : 20 = 1 : 1
Hence, New profit sharing ratio of semma and meena will be 1 : 1
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