Anu and Shipra are partners in a firm sharing profits in the ratio of 3:2. They admit Kriti as a new partner. Anu sacrificed 1/4 of her share and Shipra 1/3 of her share in favour of Kriti. Calculate the new profit sharing ratio of Anu, Shipra and Kriti. |
17:16:27 27:16:17 16:17:27 16:27:17 |
27:16:17 |
Correct answer: Option (2) → 27:16:17 Concept: New share = Old share – Sacrifice; the incoming partner’s share equals the total sacrifice made by the old partners, as in Reconstitution of a Partnership Firm – Admission of a Partner. Anu sacrifices 1/4 × 3/5 = 3/20; Shipra sacrifices 1/3 × 2/5 = 2/15. |