naresh and amit are partner sharing profit in the ratio of 2:1 they admit nimesh into partnership for 25% share of profit nimesh acquired the share from old partner in the ratio of 3:2 calculate new profit sharing ratio
Answer (1)
22nd Sep, 2020
Hello,
Solution is
Nimesh gets share from naresh 3/5 of 1/4 =3/20
Nimesh gets share from Amit 2/5 of 1/5 = 2/20
Thus ,nimesh acquired the share from old partners is
3/20:2/20 = 3:2
Nimesh share = old share - share surrendered
So,
Naresh's new share:
2/3- 3/20 = (40-9)/60 = 31/60
Amit's new share :
1/3- 2/20= (20-6)/60= 14/60
Nimesh share 25% = 1/4 or 15/60
So, The New Profit sharing ratio is
= 31/60:14/60:15/60 = 31:14:15
Hope it helps
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