X,Y and Z are partners sharing profits and losses in the ratio 3:2:1 it was decided that in future - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

X,Y and Z are partners sharing profits and losses in the ratio
3:2:1 it was decided that in future Z will get 1/4th share in
profit calculate the new profit sharing ratio and sacrifise/gain of
all the partners

Jayati Jawa · Accepted Answer

Hey buddy,

It was decided that Z will have a share of 1/4 in the firm

The remaining share i e 1 - 1/4 = 3/4 will be shared by the
remaining partners in their old ratio i e 3:2

New Ratio:

X = 34×35=920Y = 34×25=620Z = 14×55=520New Ratio = 9 : 6 : 5

X,Y and Z are partners sharing profits and losses in the ratio 3:2:1. it was decided that in future Z will get 1/4th share in profit . calculate the new profit sharing ratio and sacrifise/gain of all the partners .