A, B and C are partners sharing profits in 2:2:1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio?

Open in App

Solution

D admits for share in new firm, which he takes from A.

Here only A will sacrifice.

New Ratio = Old Ratio − Sacrificing Ratio

Suggest Corrections

Similar questions

A, B and C are partners sharing profits in 2 : 2 : 1 ratio. They admitted D for $\frac{1}{8}$ share which he acquired entirely from A. Calculate new profit sharing ratio.

A, B and C are partners sharing profits in 3:2:2 ratio. They admitted D as a new partner for 1/5 share which he acquired from A, B and C in 2:2:1 ratio respectively. Calculate new profit sharing ratio?

A, B and C were partners in a firm sharing profits in 3:3:2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A. 1/7 from B and 1/7 from C. Calculate new profit sharing ratio?

P and Q are partners sharing profits in 2:1 ratio. They admitted R into partnership giving him 1/5 share which he acquired from P and Q in 1:2 ratio. Calculate new profit sharing ratio?

P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him $\frac{1}{5}$ share which he acquired from P and Q in 1 : 2 ratio. Calculate the new profit sharing ratio.

Join BYJU'S Learning Program

A, B and C are partners sharing profits in 2:2:1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio?

D admits for share in new firm, which he takes from A. Here only A will sacrifice. New Ratio = Old Ratio − Sacrificing Ratio

D admits for share in new firm, which he takes from A.

Here only A will sacrifice.

New Ratio = Old Ratio − Sacrificing Ratio