Practicing Success
Ravi and Kishan are partners sharing profits and losses in the ratio of 3 : 2. They admitted Mohan as a new partner. Ravi surrendered $\frac{2}{5}$th of his share and Kishan surrendend $\frac{1}{5}$th of his share in favour of Mohan. The new profit sharing ratio will be: |
2 : 1 : 2 3 : 2 : 1 9 : 8 : 8 5 : 3 : 2 |
9 : 8 : 8 |
The correct answer is Option (3) - 9 : 8 : 8. Old ratio = 3:2 (Ravi and Kishan) Ravi sacrifice = 3/5 x 2/5 Kishan sacrifice = 2/5 x 1/5 Mohan share = 6/25 + 2/25 Ravi new share = 3/5 - 6/25 Kishan new share = 2/5 - 2/25 NEW RATIO = 9/25 : 8/25 : 8/25 |