Amit and Sumit are partners in a firm sharing profits in the ratio of 3 : 2. They admit Sanjit as a partner for 1/4th share in the profits. Sanjit acquires his share from Amit and Sumit in the ratio of 2 : 1. The new profit-sharing ratio will be:
Answer & explanation
Correct answer: option 4
The correct answer is option 4- 26:19:15.
Old ratio = 3:2
Sanjit admitted for 1/4th share in the profits which he acquires from Amit and Sumit in the ratio of 2:1.
Sacrifice of Amit = 2/3 * 1/4
= 2/12
Sacrifice of Sumit = 1/3*1/4
= 1/12
New share = Old share - Sacrifice share
New Share of Amit = 3/5-2/12
= (36-10)/60
= 26/60
New Share of Sumit = 2/5-1/12
= (24-5)/60
= 19/60
Share of Sanjit = 1/4 or 15/60
New ratio = 26/60 : 19/60 : 15/60
= 26:19:15