Read the following passage and answer the question.
Ravi, Kavi and Sunny are partners in a firm sharing profits and losses in the ratio 4 : 2 : 3. On 1st April 2022, Sunny gives notice for his retirement. His share was taken by Ravi and Kavi in 13 : 11 and goodwill of the firm was valued at ₹ 72000.
After three months, they admit Hari as a new partner for $\frac{1}{5}$th share in firm who brings ₹ 2,00,000 as capital and necessary amount for goodwill in cash which was valued ₹ 80,000 for the firm. Hari acquired his share equally from Ravi and Kavi.
Identify the new profit sharing ratio between Ravi and Kavi after Sunny retirement.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) - 5 : 3.
Old ratio = 4:2:3
Gaining ratio = 13:11
Sunny's share = 3/9
Acquired share by Ravi = 3/9 x 13/24
= 13/72
Acquired share by Kavi = 3/9 x 11/24
= 11/72
Ravi's new share = 4/9 + 13/72
= (32+13)/72
= 45/72
Kavi's new share = 2/9 + 11/72
= (16+11)/72
= 27/72
New ratio = 45/72 : 27/72
= 45:27
= 5:3