$X$ 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 $Q$ .

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Solution

X's old share= 3/5
Y's old share= 2/5

P is admitted for 3/5 * 1/3= 3/15
Q is admitted for 2/5 * 1/4= 2/20

X's new share= 3/5- 3/15
= 6/15
Y's new share= 2/5- 2/20
= 6/20
P's share= 3/15
Q's share= 2/20

New Profit sharing ratio= 4:3:2:1

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

X's old share= 3/5Y's old share= 2/5P is admitted for 3/5 * 1/3= 3/15Q is admitted for 2/5 * 1/4= 2/20X's new share= 3/5- 3/15 = 6/15Y's new share= 2/5- 2/20 = 6/20P's share= 3/15Q's share= 2/20New Profit sharing ratio= 4:3:2:1

$X$ 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 $Q$ .

X's old share= 3/5
Y's old share= 2/5

P is admitted for 3/5 * 1/3= 3/15
Q is admitted for 2/5 * 1/4= 2/20

X's new share= 3/5- 3/15
= 6/15
Y's new share= 2/5- 2/20
= 6/20
P's share= 3/15
Q's share= 2/20

New Profit sharing ratio= 4:3:2:1