Calculation of Gaining Ratio
P : Q : R =7 : 5 : 3(Old ratio)
Q : R = 7 : 5 (New ratio, same as between P & Q)
Q's Gain = 7/12 - 5/15 = (35 - 20)/60 = 15/60
R's Gain = 5/10 - 3/15 = (25 - 12)/60 = 13/60
Q : R = 15 : 13
P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him 15 share which he acquired from P and Q in 1 : 2 ratio. Calculate the new profit sharing ratio.