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?

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Solution

D admitted for share of profit in new firm.

D’s share = A’s sacrifice + B’s Sacrifice + C’s sacrifice

New Ratio = Old Ratio − Sacrificing Ratio

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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?

D admitted for share of profit in new firm. D’s share = A’s sacrifice + B’s Sacrifice + C’s sacrifice New Ratio = Old Ratio − Sacrificing Ratio

D admitted for share of profit in new firm.

D’s share = A’s sacrifice + B’s Sacrifice + C’s sacrifice

New Ratio = Old Ratio − Sacrificing Ratio