Rahul and Sahil are partners sharing profits together in the ratio o

1.	Rahul and Sahil are partners sharing profits together in the ratio of 4:3. They admit Kamal as a new partner. Rahul surrenders 1/4th of his share and Sahil surrenders 1/3rd of his share in favour of Kamal. Calculate the new profit sharing ratio.
Answer» Rahul’s sacrificing share = (4/7 X 1/4) = 1/7 Sahil’s sacrificing share =( 3/7 X 1/3) = 1/7 Rahul’s new share = (4/7 – 1/7) = 3/7 Sahil’s New share = (3/7 – 1/7) = 2/7 Kamal’s share = (1/7+1/7) = 2/7 New profit sharing ratio = 3:2:2

Rahul and Sahil are partners sharing profits together in the ratio of 4:3. They admit Kamal as a new partner. Rahul surrenders 1/4th of his share and Sahil surrenders 1/3rd of his share in favour of Kamal. Calculate the new profit sharing ratio.

Answer»

Rahul’s sacrificing share = (4/7 X 1/4) = 1/7

Sahil’s sacrificing share =( 3/7 X 1/3) = 1/7

Rahul’s new share = (4/7 – 1/7) = 3/7

Sahil’s New share = (3/7 – 1/7) = 2/7

Kamal’s share = (1/7+1/7) = 2/7

New profit sharing ratio = 3:2:2