1.

P and Q are partners sharing profits in the ratio of 3 : 2 . They admit R, a new partner who acquires 1/5th of his share from P and 4/25th share from Q. Calculate New Profit-sharing Ratio and sacrificing ratio.

Answer»

rificing ratio and new profit-sharing ratio is calculated below. Explanation:OLD Ratio between P and Q = 3:2 SHARE R acquires from P = 1/5th of his share and 4/25th from Q’s share  R’s share P’s sacrifice Q’s sacrifice Calculation of New share:To calculate new share, need to deduct old ratio with their respective sacrifice.P’s new share Q’s new share R’s new share New Profit-sharing ratio becomes = 14/25: 6/25: 1/5 = 14: 6: 5 Thus, the Sacrificing ratio becomes 1:4



Discussion

No Comment Found

Related InterviewSolutions