CameraIcon

SearchIcon

MyQuestionIcon

611

You visited us 611 times! Enjoying our articles? Unlock Full Access!

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

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

2:1

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

3:5

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Equal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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

Suggest Corrections

thumbs-up

1

Similar questions

Q. Hari Lal and Hari Prasad have equal amounts. Hari Lal invested all his amount at 10% compounded annually for 2 years and Hari Prasad invested 1/4 at 10% compound interest (annually) and rest at r% per annum at simple interest for the same 2 years period. The amount received by both at the end of 2 years is same. What is the value of r?

Q. For the following particulars, calculate new profit-sharing of the partners.
(a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of

5 : 5 : 4

. Mohan retired and his share was divided equally between Shiv and Hari.
(b)

P, Q

R

were partners sharing profit in the ratio of

5 : 4 : 1

P

retires from the firm.

Q. From the following particulars, calculate new profit-sharing ratio of the partners:
(a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari.
(b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm.

Q. X, Y and Z are partners sharing profits & losses in the ratio of

4 / 9

1 / 3

2 / 9

respectively. Y retires, and his share is taken up by X and Z in the ratio of

13 : 11

. The new profit sharing ratio will be _________.

Q. A,B and C are three partners sharing profit and loss in the ratio of 3:2:1. B retire from the firm.If B's share of profit is purchased by C. What will be new profit sharing ratio?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Change in Profit Sharing Ratio

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Change in Profit Sharing Ratio(PSR)

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon