Suraj and Chand are partners sharing profits in the ratio of 3: 2. They admit Tara into the firm for 3/7th share in profits. He gets this share as 1/7th from Suraj and 2/7th from Chand, Calculate the new profit-Sharing Ratio.
Answers
Answered by
16
Explanation
Old ratio (A and B) = 3 : 2
Sacrificing ratio = Old ratio * surrender ratio
A's sacrifice = (3/5) * (1/3) = 1/5
B's sacrifice = (2/5) * (1/10) = 1/25
New ratio = Old ratio - sacrificing ratio
A's new ratio = (3/5) - (1/5) = 2/5
B's new ratio = (2/5) - (1/25) = 9/25
C's share = A's sacrifice + B's sacrifice
= (1/5) + (1/25)
= 6/25
New profit sharing ratio = A : B : C
= 2/5 : 9/25 : 6/25
= 10 : 9 : 6
Answered by
36
Given:
- Suraj and Chand are partners in a firm, sharing profits and losses in the ratio 3:2.
- Tara is admitted into the firm for 3/7th shares, which he acquires 1/7th from Suraj and 2/7th from Chand.
To find: The new profit-sharing ratio.
Answer:
- Suraj's old share = 3/5
- Chand's old share = 2/5
- Tara's share = 3/7
Calculation of the new profit-sharing ratio:
New ratio = Old ratio - Sacrifice to be made
For Suraj:
- New ratio = 3/5 - 1/7 = (21 - 5)/35 = 16/35
For Chand:
- New ratio = 2/5 - 2/7 = (14 - 10)/35 = 4/35
For Tara:
- New ratio = 3/7, or 15/35
Therefore, the new profit-sharing ratio is 16:4:15.
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