A,B and C share profits and losses in the ratio 3:3:2. D is admitted with1/4th share. B would retain his original share. A and C decide to share profits and losses equally in future. Find out the new profit shaing ratio.
Dear Student,
Old ratio between A, B & C is 3:3:2
New partner's D's share is
So remaining share =
B would retain his original Share which is
Now remaining share has to be divided equally between A & C
Remaining share for A & C =
A's share = C's Share =
Therefore new ratio is or
Regards,
Old ratio between A, B & C is 3:3:2
New partner's D's share is
So remaining share =
B would retain his original Share which is
Now remaining share has to be divided equally between A & C
Remaining share for A & C =
A's share = C's Share =
Therefore new ratio is or
Regards,