Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4 share in the profits, which he acquired wholly from Das. Determine the new profit sharing ratio among Das, Sinha and Pal. |
11:5:4 11:4:5 5:4:11 4:11:5 |
11:4:5 |
The correct answer is option 2- 11:4:5. Das and Sinha = 4:1 (old ratio) Sacrificed share of Das = 1/4 Das new share = 4/5 - 1/4 Sinha share will be same as old share i.e. 1/5 New ratio = 11/20 : 1/5 : 1/4 |