A,B and C share profits and losses in the ratio 3:3:2 D is admitted with1/4th share B would - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

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

Neha Chopra · Accepted Answer

Dear Student,

Old ratio between A, B & C is 3:3:2

New partner's D's share is 14
â€‹So remaining share = 1-14=34

B would retain his original Share which is 38
Now remaining share has to be divided equally between A & C

Remaining share for A & C = 34-38=38
A's share = C's Share = 12×38=316
Therefore new ratio is 316:38:316:14 or 3:6:3:4

Regards,

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.