Abhiram and Ragini are partners sharing profits in the ratio of 3:2. They admit Arun a new partner for 1/5th share in the future profits of the firm which he gets equally from Abhiram and Ragini. Calculate the new profit sharing ratio of Abhiram, Ragini and Arun.
Answer & explanation
Correct answer: option 2
The correct answer is option 2- 5:3:2.
Old ratio = 3:2 (Abhiram and Ragini)
Arun = 1/5th
Arun gets equally from Abhiram and Ragini.
Sacrificed share of each partner = 1/5 x 1/2
= 1/10
New share = Old share - Sacrificed share
New share of Abhiram = 3/5 - 1/10
= (6-1)/10
= 5/10
New share of Ragini = 2/5 - 1/10
= (4-1)/10
= 3/10
Share of Arun = 1/5 or 2/10
New ratio = 5/10 : 3/10 : 2/10
= 5:3:2