Question

shiv shakti and sadhna were partners in a firm sharing profits in the ratio 8:7:5. Shakti retires and his share was taken over by Shiv and sadhna in the ratio of 1:2. Calculate new profit sharing ratio.​

Answer 1

Explanation:

old ratio =

shiv shakti and sadhna = 8:7:5

Shakti retires and his share was taken over by Shiv and sadhna in the ratio of 1:2

shakti’s profit share = 7/20

share of shakti taken by shiv =7/20 × 1/3 = 7/60

share of shakti taken by sadhna = 7/20 × 2/3 = 14/60

new profit share = old profit share + share taken from Shakti

new share of shiv =

= 8/20 + 7/60 = (24+7)/60

= 31/60

new share of sadhna

= 5/20 + 14/60 = (15+14)/60

= 29/60

Hence, new profit sharing ratio (Shiv and Sadhana) = 31 : 29