Shiv and Mohan are sharing profits and losses in the ratio of 5 : 3. They admit Jea as a partner and give her 3/10th share of the profits. This share she will get 1/5th from Shiv and 1/10th from Mohan.
Shiv and Mohan are sharing profits and losses in the ratio of 5 : 3. They admit Jea as a partner and give her 3/10th share of the profits. This share she will get 1/5th from Shiv and 1/10th from Mohan.
The new profit sharing ratio will be
a) 5 : 6 : 3
b) 2 : 4 : 6
c) 17 : 11 : 12
d) 18 : 24 : 38
Anurag Pathak Changed status to publish June 1, 2023
Ans – C)
Solution:-
Old Profit sharing Ratio of Shiv and Mohan = 5 : 3
Jea admitted for 3/10
Jea get his share 1/5 from Shiv and 1/10 from Mohan.
Shiv new share = 5/8 – 1/5 = 25 – 8/40 = 17/40
Mohan’s new share = 3/8 – 1/10 = 15 – 4/40 = 11/40
New Profit sharing ratio after making base equal
17/40 : 11/40 : 3/10 × 4/4
17 : 11 : 12
Anurag Pathak Changed status to publish June 1, 2023
