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Ankit and Basant are partners in a firm sharing profits and losses in the ratio of 3:2. Govind is admitted in the firm for 1/5th share in profit. Govind gets it from Ankit and Basant in the ratio of 2 : 3. Calculate the new profit and loss sharing ratio of the partners. |
| Answer» TION:ankit and basant are partnerswith3.2 ratio govind admitted for 1/5th share . he will TAKE this from OLD partner in 2.3 RATIOIT meant 2/5of 1/5 from ankit=2/25and 3/5 of 1/5 from basant=3/25now the new share willankit= 3/5-2/25. =13/25basant=2/5-3/25 =7/25govind =,1/513/25. 7/25. 1/5. =13.7.5 new ratio | |