A and M are partners sharing profits and losses in the ratio of 3:2. G

1.	A and M are partners sharing profits and losses in the ratio of 3:2. G is admitted for 1/4th share. Therefore, N enters the partnership for 20 paise in a rupee. Compute new profit sharing ratio.
Answer» <P>Answer: 9:6:5:5 Explanation: Let the combined SHARE of firm be 1,so after G's ADMISSION profit share left will be 1-1/4=3/4.A's share=3/43/5=9/20 M's share=3/42/5=6/20 Share for A,M and G=9:6:5 N's admission takes place for a share of 20 p in a rupee i.e 20/100=1/5 Share left for A,M and G=1-1/5=4/5 A's share=4/59/20=9/25 M's share=4/56/20=6/25 G's share=4/55/20=5/25 N's share=1/55/5=5/25 Thus new profit sharing will be 9:6:5:5

A and M are partners sharing profits and losses in the ratio of 3:2. G is admitted for 1/4th share. Therefore, N enters the partnership for 20 paise in a rupee. Compute new profit sharing ratio.

Answer»

<P>Answer:

9:6:5:5

Explanation:

Let the combined SHARE of firm be 1,so after G's ADMISSION profit share left will be 1-1/4=3/4.A's share=3/4*3/5=9/20

M's share=3/4*2/5=6/20

Share for A,M and G=9:6:5

N's admission takes place for a share of 20 p in a rupee i.e 20/100=1/5

Share left for A,M and G=1-1/5=4/5

A's share=4/5*9/20=9/25

M's share=4/5*6/20=6/25

G's share=4/5*5/20=5/25

N's share=1/5*5/5=5/25

Thus new profit sharing will be 9:6:5:5

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A and M are partners sharing profits and losses in the ratio of 3:2. G is admitted for 1/4th share. Therefore, N enters the partnership for 20 paise in a rupee. Compute new profit sharing ratio.​

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A and M are partners sharing profits and losses in the ratio of 3:2. G is admitted for 1/4th share. Therefore, N enters the partnership for 20 paise in a rupee. Compute new profit sharing ratio.