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:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) - 9 : 8 : 8.
Old ratio = 3:2 (Ravi and Kishan)
Mohan admitted as a new partner
Ravi sacrifice = 3/5 x 2/5
= 6/25
Kishan sacrifice = 2/5 x 1/5
= 2/25
Mohan share = 6/25 + 2/25
= 8/25
Ravi new share = 3/5 - 6/25
= (15-6)/25
= 9/25
Kishan new share = 2/5 - 2/25
= (10-2)/25
= 8/25
NEW RATIO = 9/25 : 8/25 : 8/25
= 9:8:8