Rohit and Mohit share the profit in the ratio of 5 : 4 and Sohit entered in this firm as a new partner with profit sharing ratio of \(\frac{1}{5}\). If Sohit has taken his share of profit from Rohit and Mohit in equal ratio, then the new profit sharing ratio will be:
Answer & explanation
Correct answer: option 2
R : M
Profit: 5 : 4 ⇒ 9
Profit: 25 : 20 ⇒ 45 [multiply by 5]
So from total profit (i.e 45), Sohit will take \(\frac{1}{5}\)th of 45 = 9 and ATQ, that will be taken from other two in equal ratio.
Therefore,
R : M : S
Old Profit: 25 : 20 : -- ⇒ 45
New Profit: 20.5 : 15.5 : 9 ⇒ 45
New Profit: 41 : 31 : 18