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Practice each question, then open the answer or worked solution.
A and B were partners in the firm sharing profits and losses in the ratio of 3:2. They admit C into the partnership with a 1/6 share in the profits. Calculate the new profit-sharing ratio.
The solution is as follows:
A, B, C were partners in a firm, sharing profits in 3:2:1 ratio. They admitted D for 10% profits. Calculate the new profit-sharing ratio.
The solution is as follows:
D admits for
share in the new firm
Let new firm profit = 1
Remaining share of A, B and C in new firm = 1 − D’s share
New Ratio = Old Ratio × Remaining Share of A, B and C in the new firm
X and Y are partners sharing profits in 5:3 ratio admitted Z for 1/10 share, which he acquired equally for X and Y. Calculate the new profit-sharing ratio.
The solution is as follows:
A, B and C are partners sharing profits in 2:2:1 ratio, admitted D for 1/8 share, which he acquired entirely from A. Calculate the new profit-sharing ratio.
The solution to this question is as follows:
P and Q are partners sharing profits in 2:1 ratio. They admitted R into the partnership, giving him 1/5 share, which he acquired from P and Q in 1:2 ratio. Calculate the new profit-sharing ratio.
The solution to this question is as follows:
A, B and C are partners sharing profits in 3:2:2 ratio. They admitted D as a new partner for 1/5 share which he acquired from A, B and C in 2:2:1 ratio, respectively. Calculate the new profit-sharing ratio.
The solution to this question is as follows:
New Ratio = Old Ratio − Sacrificing Ratio
A and B were partners in the firm, sharing profits in 3:2 ratio. They admitted C for 3/7 shares which he took 2/7 from A and 1/7 from B. Calculate the new profit-sharing ratio.
The solution to this question is as follows:
New Ratio = Old Ratio − Sacrificing Ratio
A, B and C were partners in a firm, sharing profits in 3:3:2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A. 1/7 from B and 1/7 from C. Calculate the new profit-sharing ratio.
The solution to this question is as follows:
New Ratio = Old Ratio − Sacrificing Ratio
Radha and Rukmani are partners in a firm, sharing profits in 3:2 ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of her share in favour of Gopi and Rukmani surrendered 1/4 of her share in favour of Gopi. Calculate the new profit-sharing ratio.
Solution coming soon.
Singh, Gupta and Khan are partners in a firm, sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4 of his share in favour of Jain and Khan surrendered 1/5 in favour of Jain. Calculate the new profit-sharing ratio.
The solution to this question is as follows:
