Ravi and Mukesh are sharing profits in the ratio $7 : 3$ . They admit Ashok for $3 / 7^{t h}$ share in the firm which he takes $2 / 7^{t h}$ from Ravi and $1 / 7^{t h}$ from Mukesh.

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Solution

Ravi's old ratio= 7/10
Mukesh's old ratio= 3/10

Ashok is admitted for 3/7th share in the firm
Ravi sacrifices 2/7th of the ratio
Mukesh sacrifices 1/7th of the ratio

Ravi's new ratio= 7/10-2/7
= 29/70
Mukesh's new ratio= 3/10-1/7
= 11/70

New Profit sharing ratio of the partners= 29:11:30

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Ravi and Mukesh are sharing profits in the ratio 7:3. They admit Ashok for 3/7th share in the firm which he takes 2/7th from Ravi and 1/7th from Mukesh.

Ravi's old ratio= 7/10Mukesh's old ratio= 3/10Ashok is admitted for 3/7th share in the firmRavi sacrifices 2/7th of the ratioMukesh sacrifices 1/7th of the ratioRavi's new ratio= 7/10-2/7 = 29/70Mukesh's new ratio= 3/10-1/7 = 11/70New Profit sharing ratio of the partners= 29:11:30

Ravi and Mukesh are sharing profits in the ratio $7 : 3$ . They admit Ashok for $3 / 7^{t h}$ share in the firm which he takes $2 / 7^{t h}$ from Ravi and $1 / 7^{t h}$ from Mukesh.

Ravi's old ratio= 7/10
Mukesh's old ratio= 3/10

Ashok is admitted for 3/7th share in the firm
Ravi sacrifices 2/7th of the ratio
Mukesh sacrifices 1/7th of the ratio

Ravi's new ratio= 7/10-2/7
= 29/70
Mukesh's new ratio= 3/10-1/7
= 11/70

New Profit sharing ratio of the partners= 29:11:30