Tom and Ban are partners in a Firm for 2 : 1 ratio. They admitted Jay as new partner for 1/5 share. calculate new ratio ?
A
3:4:8
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B
8:4:3
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C
2:3:1
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D
4:3:8
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Solution
The correct option is B 8:4:3 Old ratio of Tom and Ban 2/3 and 1/3 respectively.
Jay share 1/5 step 1 : remaining share = 1 - new partner share = 1-1/5= 4/5 new ratio = old ratio x rem share Tom new share = 2/3 x 4/5 = 8/15 Ban new share = 1/3 x 4/5 = 4/15 Jay new share (equalize) = 1/5 x 3/3= 3/15