Arun, Bhushan and Chetan are partners in a firm sharing profits in 3 : 2 : 3 ratio. They decide to admit Sehzad as a partner, who is associated with them as their selling agent for the last 10 years. Arun surrendered 13 of his share in favour of Sehzad. Bhushan surrendered 14 of his share in favour of Sehzad and Chetan surrendered 15 of his share in favour of Sehzad. (i) Calculate new profit sharing ratio, and (ii) Highlight the values in admitting Sehzad.

Arun, Bhushan and Chetan are partners in a firm sharing profits in 3 :

1.	Arun, Bhushan and Chetan are partners in a firm sharing profits in 3 : 2 : 3 ratio. They decide to admit Sehzad as a partner, who is associated with them as their selling agent for the last 10 years. Arun surrendered 13 of his share in favour of Sehzad. Bhushan surrendered 14 of his share in favour of Sehzad and Chetan surrendered 15 of his share in favour of Sehzad. (i) Calculate new profit sharing ratio, and (ii) Highlight the values in admitting Sehzad.
Answer» Arun, Bhushan and Chetan are partners in a firm sharing profits in 3 : 2 : 3 ratio. They decide to admit Sehzad as a partner, who is associated with them as their selling agent for the last 10 years. Arun surrendered $\frac{1}{3}$ of his share in favour of Sehzad. Bhushan surrendered $\frac{1}{4}$ of his share in favour of Sehzad and Chetan surrendered $\frac{1}{5}$ of his share in favour of Sehzad. (i) Calculate new profit sharing ratio, and (ii) Highlight the values in admitting Sehzad.

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