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Question

Suresh and Ramesh were partners in a firm sharing profits in 5:3 ratio. On 1-4-2013 they admitted Deepak as a new partner for 1/4th share. On 31st July, 2013 Karan was admitted as a new partner for 1/6th share which he acquired equally from Suresh, Ramesh and Deepak. Calculate the new profit sharing ratio of Suresh, Ramesh, Deepak and Karan.

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Solution

Share given to Deepak 14; Remaining Share =114=34

Suresh's new share =58 of 34=1532

Ramesh's new share =38 of 34=932

Deepak's share =14

New Ratio of Suresh, Ramesh and Deepak

=1532:932:14=15:9:832=15:9:8

Share given to Karan =16

He will acquire 13 of 16=118 each from Suresh, Ramesh and Deepak.

Hence, Suresh's new share =1532118=13516288=119288

Ramesh's new share =932118=8116288=65288

Deepak's new share =832118=7216288=56288

Karan's share =16

New Ratio of Suresh, Ramesh, Deepak and Karan

=119288:65288:56288:16=119:65:56:48288=119:65:56:48


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