Anil, Basu and Suraj were partners in a firm sharing profits and losse

1.	Anil, Basu and Suraj were partners in a firm sharing profits and losses in the ratio of 3:2:1. Suraj decided to retire from the firm. Find the new ratio of Anil and Basu in the following situations when: (a) ratio is not given (b) Suraj’s share is taken by Anil and basu in the ratio of 1 : 2 (c) Basu take over the share of Suraj
Answer» (a) New profit sharing ratio of Anil and Basu is 3 : 2 (b) Suraj’s Share = 1/6 Anil gets = 1/3 of 1/6 = 1/3 × 1/6 = 1/18 Anil’s new share = 3/6 + 1/18 = 10/18 or 5/9 Basu gets = 2/3 of 1/6 = 2/3 × 1/6 = 2/18 Basu’s new share = 2/6 + 2/18 = 8/18 or 4/9 New profit sharing ratio of Anil and Basu is 5 : 4 (c)Basu takes over Suraj’s share fully Suraj’s share = 1/6 Basu gets = 1/6 Basu’s new share = 2/6 + 1/6 = 3/6 or 1/2 New profit sharing ratio of Anil and Basu is 3 : 3 or 1:1 Only Basu gains.

Anil, Basu and Suraj were partners in a firm sharing profits and losses in the ratio of 3:2:1. Suraj decided to retire from the firm. Find the new ratio of Anil and Basu in the following situations when: (a) ratio is not given (b) Suraj’s share is taken by Anil and basu in the ratio of 1 : 2 (c) Basu take over the share of Suraj

Answer»

(a) New profit sharing ratio of Anil and Basu is 3 : 2

(b) Suraj’s Share = 1/6

Anil gets = 1/3 of 1/6 = 1/3 × 1/6 = 1/18

Anil’s new share = 3/6 + 1/18 = 10/18 or 5/9

Basu gets = 2/3 of 1/6 = 2/3 × 1/6 = 2/18

Basu’s new share = 2/6 + 2/18 = 8/18 or 4/9

New profit sharing ratio of Anil and Basu is 5 : 4

(c)Basu takes over Suraj’s share fully

Suraj’s share = 1/6

Basu gets = 1/6

Basu’s new share = 2/6 + 1/6 = 3/6 or 1/2

New profit sharing ratio of Anil and Basu is 3 : 3 or 1:1

Only Basu gains.