InterviewSolution
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Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in favour of Jyoti; the new partner. Calculate new profit-sharing ratio and sacrificing ratio. |
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Answer» fit sharing ratio is calculated below. Explanation:Old ratio between the partners Kabir and FARID is given as 7:3. Sacrifice by Kabir in favour of Jyoti Sacrifice by Farid in favour of Jyoti PROFIT share Jyoti would get after her ADMISSION = 2/10 + 1/10 (From Kabir and Farid RESPECTIVELY) = 3/10 Jyoti's share Calculating new share:- New Share = Old share - sacrificed share. Kabir’s share Farid’s share Z’ share = 3/10 Thus, new profit-sharing ratio for the three partners (Kabir, Farid and Jyoti) becomes = 5:2:3 Sacrificing Ratio Kabir and Farid are sacrificing 2/10 and 1/10 of their share respectively, therefore the sacrificing ratio becomes 2: 1 |
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