Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

Anita and Meeta are partners sharing profits in the ratio of 2 : 3. They admitted Sonu as new partner for $\frac{3}{10}$ share which she acquired $\frac{1}{10}$ from Anita and $\frac{2}{10}$ from Meeta. Calculate new profit sharing ratio of Anita, Meeta and Sonu.

Options:

3 : 4 : 3

4 : 3 : 3

2 : 1 : 2

1 : 1 : 2

Correct Answer:

3 : 4 : 3

Explanation:

The correct answer is Option (1) - 3 : 4 : 3.

Old ratio = 2:3 (Anita and Meeta)
Sonu admits with 3/10 share.

Anita sacrfiices = 1/10
Meeta sacrifices = 2/10

Anita's new share = 2/5 - 1/10
                          = (4-1)/10
                          = 3/10

Meeta's new share = 3/5 - 2/10
                           = (6-2)/10
                           = 4/10

New ratio = 3/10 : 4/10 : 3/10
              = 3:4:3