1.

Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit Ashok for 3/7th share in the firm which he takes 2/7th from Ravi and 1/7th from Mukesh. Calculate new profit-sharing ratio.

Answer»

fit SHARING is calculated below. Explanation:OLD ratio between Ravi and Mukesh is GIVEN as: Share Ashok WOULD take = 3/7th of profit New Ratio = Old Ratio - Sacrifing RatioSo, new ratio will be calculated by deducting 2/7th from Ravi’s ratio and 1/7th from Mukesh. Sacrifice by Ravi = Sacrifice by Mukesh = Ravi’s share Mukesh’s shareThus, the new profit-sharing ratio would be =Thus, the new profit - sharing ratio is 29 : 11 :30



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