Vinod and Ram share profits and losses in the ratio of 4:3. They admit Karan with 2/7 share, which he gets 1/7 from Vinod and 1/7 from Ram. What will be the new profit sharing ratio?
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The Rabi means, when the crop is harvested. Crops that are grown in the winter season, from November to April are called Rabi Crops. Some of the important rabi crops are wheat, barley, peas, gram and mustard.
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Old ratio (X and Y) = 4 : 3
Z admit for 3/7 share of profit
X sacrifice in favour of Z = 2/7
Y sacrifice in favour of Z = 1/7
New ratio = old ratio - sacrificing ratio
X is new ratio = (4/7) - (2/7) = 2/7
Y is new ratio = (3/7) - (1/7) = 2/7
C is share = 3/7
Therefore, new profit sharing ratio of X, Y and Z is 2 : 2 : 3
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