Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.

Options:

4:3:3

3:4:3

3:3:4

3:2:1

Correct Answer:

4:3:3

Explanation:

The correct answer is option 1- 4:3:3.

Old ratio = 3:2 (Anshu and Nitu)
Jyoti admits with 3/10
Sacrifice of Anshu = 2/10
Sacrifice of Nitu = 1/10

New share = Old share - Sacrifice share

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

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

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