Suresh and Ramesh were partners in a firm sharing profits in 5:3 ratio. On 1-4-2018 they Deepak as a new partner for 1/4th share. On 31st July, 2018 Karan was admitted as a new pante 1/6th share which he acquired equally from Suresh, Ramesh and Deepak. Calculate the new profit sharing ratio of Suresh, Ramesh, Deepak and Karan.

Suresh and Ramesh were partners in a firm sharing profits in 5:3 ratio

1.	Suresh and Ramesh were partners in a firm sharing profits in 5:3 ratio. On 1-4-2018 they Deepak as a new partner for 1/4th share. On 31st July, 2018 Karan was admitted as a new pante 1/6th share which he acquired equally from Suresh, Ramesh and Deepak. Calculate the new profit sharing ratio of Suresh, Ramesh, Deepak and Karan.
Answer» :❖ The New Profit Sharing Ratio of Suresh, Ramesh, Deepak and Karan will be 119 : 65 : 56 : 48.___________________________________________________________SOLUTION :❒ Given :- Suresh and Ramesh were partners in a FIRM sharing profits in 5 : 3 ratio.Deepak was admitted as a new partner for th share of profit on 1st April, 2018.Karan was admitted as a new partner for th share of profit on 31st JULY, 2018.Karan acquired his share equally from Suresh, Ramesh and Deepak.❒ To Calculate :- New Profit Sharing Ratio of Suresh, Ramesh, Deepak and Karan = ? ____________________________________________❒ Calculation :- It is given that,Deepak was admitted as a new partner for th share of profit. Suppose,Total Profit of the firm = 1Then, Share of Deepak = th of 1⟹ Share of Deepak = So, Remaining Share = 1 - Share of Deepak⟹ Remaining Share = 1 - ⟹ Remaining Share = This remaining share of will be shared by Suresh and Ramesh in their old ratio. Here,Old Profit Sharing Ratio of Suresh and Ramesh = 5 : 3.So, ⍟ New Share of Suresh = of ➜ New Share of Suresh = × ➜ New Share of Suresh = And, ⍟ New Share of Ramesh = of ➜ New Share of Ramesh = × ➜ New Share of Ramesh = Also,⍟ Share of Deepak = ➜ Share of Deepak = ➜ Share of Deepak = Thus,✫ Profit Sharing Ratio of Suresh, Ramesh and Deepak = New Share of Suresh : New Share of Ramesh : Share of Deepak ➝ Profit Sharing Ratio of Suresh, Ramesh and Deepak = : : ➝ Profit Sharing Ratio of Suresh, Ramesh and Deepak = 15 : 9 : 8Again,Karan was admitted as a new partner for th share of profit on 31st July, 2018.Karan acquired his share equally from Suresh, Ramesh and Deepak.So,✠ Karan acquired share from Suresh = of ⟾ Karan acquired share from Suresh = × ⟾ Karan acquired Share from Suresh = SIMILARLY,✠ Karan acquired share from Ramesh = And,✠ Karan acquired share from Deepak = So,❍ Karan's Share = Share acquires from Suresh + Share acquires from Ramesh + Share acquires from Deepak➜ Karan's Share = + + ➜ Karan's Share = Also,Profit Sharing Ratio of Suresh, Ramesh and Deepak = 15 : 9 : 8.So, Old Share of Suresh = Old Share of Ramesh = Old Share of Deepak = Also,Share Sacrificed by Suresh = Share Sacrificed by Ramesh = Share Sacrificed by Deepak = Therefore,★ Suresh's New Share = Suresh's Old Share - Share Sacrificed by Suresh ➨ Suresh's New Share = - ➨ Suresh's New Share = ★ Ramesh's New Share = Ramesh's Old Share - Share Sacrificed by Ramesh➨ Ramesh's New Share = - ➨ Ramesh's New Share = ★ Deepak's New Share = Deepak's Old Share - Share Sacrificed by Deepak➨ Deepam's New Share = - ➨ Deepak's New Share = And,★ Share of Karan = ➨ Share of Karan = ➨ Share of Karan = Hence,✪ New Profit Sharing Ratio of Suresh, Ramesh, Deepak and Karan = New Share of Suresh : New Share of Ramesh : New Share of Deepak : Share of Karan⇒ New Profit Sharing Ratio of Suresh, Ramesh, Deepak and Karan = : : : ∴ New Profit Sharing Ratio of Suresh, Ramesh, Deepak and Karan = 119 : 65 : 56 : 48

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