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Standard XII

Accountancy

Calculating Gaining Ratio

X, Y and Z ar...

Question

X,Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

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Solution

A is admitted for 1/5 share of profit

Let the combined share of profit for all partners after A’s admission be = 1

Combined share of X, Y and Z after A’s admission =1 − A’s share

New Ratio = Old Ratio × Combined share of X, Y and Z

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X,Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

A is admitted for 1/5 share of profit Let the combined share of profit for all partners after A’s admission be = 1 Combined share of X, Y and Z after A’s admission =1 − A’s share New Ratio = Old Ratio × Combined share of X, Y and Z

A is admitted for 1/5 share of profit

Let the combined share of profit for all partners after A’s admission be = 1

Combined share of X, Y and Z after A’s admission =1 − A’s share

New Ratio = Old Ratio × Combined share of X, Y and Z