Practicing Success
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: |
02:01:04 19:26:15 03:02:04 26:19:15 |
26:19:15 |
The correct answer is option 4- 26:19:15. Sacrifice of Amit = 2/3 * 1/4 New share = Old share - Sacrifice share New Share of Amit = 3/5-2/12 New Share of Sumit = 2/5-1/12 Share of Sanjit = 1/4 or 15/60 New ratio = 26/60 : 19/60 : 15/60 |