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Change in Profit Sharing Ratio(PSR)

Hari, Roy and...

Question

Hari, Roy and Prasad are partners in the ratio of 3:5:1 respectively. Roy wants to retire. His share is being purchased by Prasad. What would be the new ratio of hari and Prasad respectively?

A

1:2

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B

2:1

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C

3:5

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D

Equal

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Solution

The correct option is A 1:2
Old ratio (Hari, Roy, and Prasad) = 3 : 5 : 1
Roy's profit share = 5/9
Prasad decided to take his share
New profit share = Old profit share + Share taken from Roy
Hari's new share = (3/9) +0 = 3/9
Prasad's new share = (1/9) + (5/9) = 6/9 or 2/3
New profit sharing ratio (Hari and Prasad) = (3/9) and (6/9)
= 3 : 6
= 1 : 2

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