Sita , Geeta and Meeta were partners in a firm sharing profits in the ratio of 7:6:7. Geeta retired and her share was divided equally b/w sita and meeta. Calculate new profit - sharing ratio

Old Ratio (Sita, Geeta and Meeta) = 7 : 6 : 7

Geeta retires and her share divided equally between Sita and Meeta

Geeta’s share of profit

 

Sita’s New Share of Profit

Meeta’s New Share of Profits

New Ratio (Sita and Meeta) = 20 : 20  or 1 : 1

  • -3
What are you looking for?