InterviewSolution
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                                    question: x, y and z are partners sharing profits in the ratio 2:2:1.w is admitted as new partner for 1/6 share. z will retain his share. calculate new profit- sharing ratio. | 
                            
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Answer»  ming new partner is = whis share ration is 1/6 according to the questionold ratio = 2:2:1x y z2/5 2/5 1/5Let the total share of the firm = 1share of Z and w = 1/5 + 1/6 = 6 + 5/30 = 11/30 Remaining share = 1 - 11/30 = 30 - 11/30 = 19/30divided by x and y in their OLD ratio (2:2) or (1:1) {New share = Old share × Remaining share} x = 1/2 × 19/30 = 19/60 y = 1/2 × 19/30 = 19/60NEW PROFIT SHARE X Y Z W 19/60 19/60 1/5 1/6 ANS.  | 
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