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Ramesh and Suresh are partners sharing profits and losses in the ratio of 3:2. They admit Satish into the partnership with 1/5th share. Calculate the new profit sharing ratio of all the partners. |
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Answer» Total share of the firm = 1 Satish’s share \(\frac{1}{5}\) Remaining Share = 1- \(\frac{1}{5}\) = \(\frac{4}{5}\) New profit sharing ratio of the partners Ramesh: \(\frac{4}{5}\) x \(\frac{3}{5}\) = \(\frac{12}{25}\) Suresh: \(\frac{4}{5}\) x \(\frac{2}{5}\) = \(\frac{8}{25}\) Satish: \(\frac{1}{5}\) x \(\frac{5}{5}\) = \(\frac{5}{25}\) Ramesh : Suresh : Satish is 12:8:5 |
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