1. Calculation of new profit sharing Ratio = Old Ratio – Sacrificing Ratio
New profit sharing ratio between Pinky, Qumar, Roopa and Seema
2. Required capital of all partners in the new firm 18
Pinky’s Capital = 2,40,000 × \(\frac{18}{48}\) = 90,000
Qmar‘s Capital = 2,40,000 × \(\frac{13}{48}\)= 65,000
Roopa’s Capital = 2,40,000 × \(\frac{5}{48}\) = 25,000
Seema’s Capital = 2,40,000 ×\(\frac{12}{48}\) = 60,000
3. Amount to be brought by each partner
Pinky = 90,000 – 80,000 – 10,000
Qumar= 65,000 – 30,000 = 35,000
Roopa = 25,000 – 20,000 = 5,000
Seema = 2,40,000 ×\(\frac{1}{4}\) = 60,000