Saved Bookmarks
| 1. |
Vimala and Kamala are partners, sharing profits and losses in the ratio of 4:3. Vinitha enters into the partnership and she acquires 1/14 from Vimala and 1/14 from Kamala. Find out the new profit sharing ratio and sacrificing ratio. |
|
Answer» New Profit Sharing Ratio = Old Ratio – Sacrificing Ratio Vimala Vimla = 4/7 - 1/14 = (8 - 1)/14 = 7/14 Kamala = 3/7 - 1/14 = (6 - 1)/14 = 5/14 Vinita = 1/14 + 1/14 = 2/14 New Profit Sharing Ratio = 7 : 5 : 2 Sacrificing Ratio = 1 : 1 |
|