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Question

A and B are partners sharing profits in the ratio of 3:2. They admit C who takes 2/7th from A and 1/7th from B. The new profit sharing ratio will be _______.

A
15:9:11
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B
15:11:9
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C
11:9:15
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D
9:11:15
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Solution

The correct option is B 11:9:15
Old ratio (A and B) = 3 : 2
C is admitted for 3/7 th share
A's sacrifice in favour of C = 2/7
B's sacrifice in favour of C = 1/7
New ratio = Old ratio - Sacrificing ratio
A's new ratio = (3/5) - (2/7) = 11/35
B's new share = (2/5) - (1/7) = 9/35
C's share = A's sacrifice + B's sacrifice
= (2/7) + (1/7)
= 3/7 or 15/35
Therefore, new profit sharing ratio of A, B and C is 11 : 9 : 15

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