A & B are partners sharing profits in ratio of 1:2. Their fixed capitals were ₹2,00,000 & ₹3,00,000 respectively. C was admitted with 1/4th share and brought ₹2,00,000 for his capital which was also kept fixed. C acquired his share of profit from B.
Calculate new profit-sharing ratio?
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 4:5:3.
Old ratio = 1:2 (A & B)
C share = 1/4
C acquired his share from B only.
B new share = 2/3-1/4
= (8-3)/12
= 5/12
A share is 1/3
So, the new ratio = 1/3 :5/12: 1/4
= 4/12 :5/12 : 3/12
= 4:5:3