Question

x and y are partners share profits in the ratio of 3:2 respectively z is admitted as partner for 1/5 share in future profits ,calculate the new profit ,calculate the new profit sharing ratio​

Answer 1

Answer:

let the total share be 1

remaining share = 1-1/5 = 4/5

share of X = 4/5 × 3/5 = 12/25

share of Y = 4/5 × 2/5 = 8/25

share of Z = 1/5

.

new ratio = 12/25 : 8/25 : 1/5 --- 12:8:5