You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XII

Accountancy

New Profit Sharing Ratio

X and Y were ...

Question

X and Y were partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrendered 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X, Y, P and Q.

Open in App

Solution

Sacrificing Ratio = Old Ratio × Surrender Ratio

New Ratio = Old Ratio − Sacrificing Ratio

P’s share = X’s Sacrifiece

Q’s share = Y’s Sacrifice

Suggest Corrections

Similar questions

X

and

Y

were partners sharing profits in the ratio of

3 : 2

. They admitted

P

and

Q

as new partner. X

X

surrendered

1 / 3^{r d}

of his share in favour of

P

and

Y

surrendered

1 / 4^{t h}

of his share in favour

Q

. Calculate new profit-sharing ratio

X, Y, P

and

Q

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 $\frac{1}{3}$ of his share in favour of Jain, Gupta surrendered $\frac{1}{4}$ of his share in favour of Jain and Khan surrendered $\frac{1}{5}$ in favour of Jain. Calculate new profit sharing ratio.

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?

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?

Radha and Rukmini are partners in a firm sharing profits in 3 : 2 ratio. They admitted Gopi as a new partner Radha surrendered $\frac{1}{3}$ of her share in favour of Gopi and Rukmini surrendered $\frac{1}{4}$ of her share in favour of Gopi. Calculate the new profit sharing ratio.

Join BYJU'S Learning Program

X and Y were partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrendered 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X, Y, P and Q.

Sacrificing Ratio = Old Ratio × Surrender Ratio New Ratio = Old Ratio − Sacrificing Ratio P’s share = X’s Sacrifiece Q’s share = Y’s Sacrifice

Sacrificing Ratio = Old Ratio × Surrender Ratio

New Ratio = Old Ratio − Sacrificing Ratio

P’s share = X’s Sacrifiece

Q’s share = Y’s Sacrifice