From the following particulars, calculate new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm.

From the following particulars, calculate new profit-sharing ratio of

1.	From the following particulars, calculate new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm.
Answer» fit-sharing ratio of the partners are GIVEN below:Explanation:(A)Old ratio Shiv, Mohan and HARI = 5 : 5 : 4Mohan's Profit share = Mohan's share is divided EQUALLY between Shiv and Hari in the ratio = 1 : 1Calculation of Mohan's share taken by his partnersMohan's share taken by ShivMohan's share taken by HariNew Profit Share = Old profit share + Mohan's Share taken by Shiv's NEW share Hari's New shareNew Profit share Shiv and Hari (B)Old Ratio P, Q and R = 5 : 4:1P's profit share Since, no information is given as to how Q and R are acquiring P's profit after his retirement, therefore the new profit sharing ratio between Q and R is calculated simply by crossing out P's shareNew Profit Ratio (Q and R) = 4 : 1

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