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Change in Profit Sharing Ratio(PSR)

R,S,G are thr...

Question

R,S,G are three partners sharing profit and loss in the ration of 8:7:5,S retires and his share of profit is taken by R,G in the ratio of 1:2. Find the new profit sharing ratio.

A

2:1

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B

31:25

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C

29:31

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D

1:2

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Solution

The correct option is D 31:25
New ratio
R gets share =existing ratio + get
R's get = 7/201/3=7/60
R's new ratio=8/20+7/60
=31/60
G's get 5/202/3=10/60
G's new ratio=5/20+10/60
=15/60=10/60=25/60
SO,
NEW RATIO IS 31:25

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