Question

X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z for th share, which he gets in 1 : 2 ratio from X and Y. Calculate new profit sharing ratio.​

Answer 1

Answer:

12:8:5

Explanation:

Let total profit be = 1,

Share given to Z = 1/5,

Remaining share = 1- 1/5 = 4/5.

Now, the old partners will share this remaining profit in their old profit sharing ratios:

X's share = 3/5 of 4/5 = 12/25,

Y's share = 2/5 of 4/5 = 8/25,

Z's share = 1/5 x 5/5 = 5/25.

Thus, the new profit sharing ratio of X, Y and Z will be =

12:8:5.