Suresh and Naresh are partners in a firm in the profit-sharing ratio of 3 : 4.
They make Mahesh a new partner. Suresh and Naresh give from their share
1/7 and 1/14 respectively to Mahesh. Find out new profit-sharing ratio.
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Answer:
Given - Old Ratio 3:4
Suresh surrenders 1/7
Naresh surrenders 1/14
Suresh's ratio = 3/7 - 1/7 = 2/7
Naresh's ratio = 4/7 - 1/14 = 7/14
Mahesh ratio = 1/7 + 1/14 = 3/14
i.e 2/7 : 7/14 : 3/14
New PSR is 4 : 7 : 3
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