Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
16.5k views
in Accounts by (62.7k points)

P and Q are partners sharing profits in 2:1 ratio. They admitted R into partnership giving him 1/5 share which he acquired from P and Q in 1:2 ratio. Calculate new profit sharing ratio?

1 Answer

+1 vote
by (57.2k points)
selected by
 
Best answer

P: Q’s Old ratio = 2:1 = \(\frac{2}{3}:\frac{1}{3}\)

admits for \(\frac{1}{5}\)share in the new firm which he takes from from \(\frac{1}{3}\) P and \(\frac{2}{3}\)from Q.

P’s sacrifice = R’s share 

New Ratio = Old Ratio – Sacrificing Ratio

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...