Govind and Gopal are partners in a firm sharing profits in the ratio o

1.	Govind and Gopal are partners in a firm sharing profits in the ratio of 5 : 4. They admit Rahim as a partner. Govind surrenders 2/9 of his share in favour of Rahim. Gopal surrenders 1/9 of his share in favour of Rahim. Calculate the new profit sharing ratio and sacrificing ratio.
Answer» New Profit Sharing Ratio: Govind = 5/9 x 2/9 = 10/81 ; 5/9 - 10/81 = (45 - 10)/81 = 35/81 Gopal = 4/9 x 1/9 = 4/81 ; 3/8 - 3/64 = (24 - 3)/64 = 21/64 Rahim = 2/9 + 1/9 = 3/9 ; 10/81 + 4/81 = 14/81 New Profit Sharing Ratio = 35 : 32 : 14 Scrificing Ratio = 10/81 : 4/81 = 5 : 2

Govind and Gopal are partners in a firm sharing profits in the ratio of 5 : 4. They admit Rahim as a partner. Govind surrenders 2/9 of his share in favour of Rahim. Gopal surrenders 1/9 of his share in favour of Rahim. Calculate the new profit sharing ratio and sacrificing ratio.

Answer»

New Profit Sharing Ratio:

Govind = 5/9 x 2/9 = 10/81 ; 5/9 - 10/81 = (45 - 10)/81 = 35/81

Gopal = 4/9 x 1/9 = 4/81 ; 3/8 - 3/64 = (24 - 3)/64 = 21/64

Rahim = 2/9 + 1/9 = 3/9 ; 10/81 + 4/81 = 14/81

New Profit Sharing Ratio = 35 : 32 : 14

Scrificing Ratio = 10/81 : 4/81 = 5 : 2