Radha and Rukmani are partners in a firm sharing profits in 3:2 ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of her share in favour of Gopi and Rukmani surrendered 1/4 of her share in favour of Gopi. Calculate new profit sharing ratio?

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Solution

Radha surrendered in favour of Gopi = of his share

Rukmani surrendered in favour of Gopi = of his share

Sacrificing Ratio = Old Ratio × Surrender Ratio

Radha =

Rukmani =

New Ratio = Old Ratio − Sacrificing Ratio

Radha =

Rukmani =

Gopi’s Share = Radha’s Sacrificing Ratio + Rukmani’s Sacrificing Ratio

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