Question

X, y and z are partners sharing profits and losses in the ratio 3:3:2 . X surrendered 1/4th of his shares and Y surrendered 1/8th of his shares of profit in favour of Z, Find the new profit sharing ratio.

Answer 1

Answer:

old ratio of XYZ=3:3:2

X sacrifice share=3/8×1/4=3/32

Y sacrifice share=3/8×1/8= 3/64

Z new share = 3/32+3/64 =9/64

X new share=3/8-3/32=15/32 or 30/64

Y new share=3/8-3/64= 27/64

NPS of XYZ= 30:27:9 or 10:9:3