Ajay and Naveen are partners sharing profits in the ratio of 5:3. Su

1.	Ajay and Naveen are partners sharing profits in the ratio of 5:3. Surinder is admitted in to the firm for 1/4th share in the profit which he acquires from Ajay and Naveen in the ratio of 2:1. Calculate the new profit sharing ratio.
Answer» Ajay’s sacrifies = (1/4 X 2/3) = 2/12 Naveen’s sacrifies =(1/4 X 1/3) = 1/12 Ajay’s new share = (5/8 – 2/12) = 11/24 Naveen’s New share = (3/8 – 1/12) = 7/24 Surender’s share = (1/4 or 6/24 ) New ratio = 11:7:6

Ajay and Naveen are partners sharing profits in the ratio of 5:3. Surinder is admitted in to the firm for 1/4th share in the profit which he acquires from Ajay and Naveen in the ratio of 2:1. Calculate the new profit sharing ratio.

Answer»

Ajay’s sacrifies = (1/4 X 2/3) = 2/12

Naveen’s sacrifies =(1/4 X 1/3) = 1/12

Ajay’s new share = (5/8 – 2/12) = 11/24

Naveen’s New share = (3/8 – 1/12) = 7/24

Surender’s share = (1/4 or 6/24 )

New ratio = 11:7:6