Singh, Gupta and Khan are partners in a firm sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4 of his share in favour of Jain and Khan surrendered 1/5 in favour of Jain. Calculate new profit sharing ratio?

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Solution

Singh Surrender of his share

Gupta Surrender of his share

Khan Surrender of his share

Sacrificing Ratio = Old Ratio × Surrender Ratio

Singh’s

Gupta’s

Khan’s

New Ratio = Old Ratio − Sacrificing Ratio

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