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?

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Solution

D admits for share in the new firm which he takes in the ratio 2:2:1 from A, B and C.

A’s sacrifice = D’s share ×

B’s sacrifice = D’s share ×

C’s sacrifice = D’s share ×

New Ratio = Old Ratio − Sacrificing Ratio

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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?

D admits for share in the new firm which he takes in the ratio 2:2:1 from A, B and C. A’s sacrifice = D’s share × B’s sacrifice = D’s share × C’s sacrifice = D’s share × New Ratio = Old Ratio − Sacrificing Ratio

D admits for share in the new firm which he takes in the ratio 2:2:1 from A, B and C.

A’s sacrifice = D’s share ×

B’s sacrifice = D’s share ×

C’s sacrifice = D’s share ×

New Ratio = Old Ratio − Sacrificing Ratio