P, Q, R, S were partners sharing profits in the ratio 2:3:5:2. S retires and his share is acquired by Q and R in the ratio 3:2. calculate the new ratio
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Here the old ratio of P, Q, R and S is: 2 : 3 : 5 : 2
S retires from the firm
His share i.e. is acquired by Q and R in the ratio of 3 : 2
Q's Gain =
R's Gain =
New Share = Old Share + Gaining Share
P's New Share =
Q's New Share =
R's New Share =
New Profit Sharing Ratio of P, Q and R will be 10 : 21 : 29
Here the old ratio of P, Q, R and S is: 2 : 3 : 5 : 2
S retires from the firm
His share i.e. is acquired by Q and R in the ratio of 3 : 2
Q's Gain =
R's Gain =
New Share = Old Share + Gaining Share
P's New Share =
Q's New Share =
R's New Share =
New Profit Sharing Ratio of P, Q and R will be 10 : 21 : 29