A and B were partners sharing profits in the ratio of 5 : 3. On 1st April, 2021 they admitted C as a new partner for 1/4th share which he acquired from A and B in the ratio of 3 : 2

A and B were partners sharing profits in the ratio of 5 : 3. On 1st April, 2021 they admitted C as a new partner for 1/4th share which he acquired from A and B in the ratio of 3 : 2. On 1st April 2022, another new partner D was admitted for 1/6th share which he acquires 1/10 from A and 1/15 from C. On 1st April, 2023 A dies and his share was taken over by B, C and D equally.

Calculate:

(i) New Profit sharing ratio of A, B and C on C’s admission.

(ii) New profit sharing ratio of A, B, C and D on D’s admission.

(iii) New profit sharing ratio of B, C and D on A’s death.

[Ans. (I) A : B : C = 19 : 11 : 10; (ii) A : B : C : D = 45 : 33 : 22 : 20; (iii) B : C : D = 48 : 37 : 35]