Question

(When new partner acquires his share from old partners in the old ratio). A and B are partners in a firm sharing profits and losses in the ratio 1:2. TI admitted C into the partnership and decided to give him 1/3rd share of the full profits. Find the new ratio of the partners.

Answer 1

Share of C = 1/3

Remaining share that will be distributed among A and B = 1- 1/3 = 2/3

New ratio of A = (2/3) (1/3) = 2/9

New ratio of B = (2/3) (2/3) = 4/9

New ratio of C =(1/3) (3/3) = 3/9

New ratio of A,B and C = 2:4:3

Answer 2

Explanation:

Share of C = 1/3

Remaining share that will be distributed among A and B = 1- 1/3 = 2/3

New ratio of A = (2/3) (1/3) = 2/9

New ratio of B = (2/3) (2/3) = 4/9

New ratio of C =(1/3) (3/3) = 3/9

New ratio of A,B and C = 2:4:3