Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

Rohit and Mohit are partners in a firm sharing profits in the ratio of 5:3. They admit Bijoy as a new partner for 1/7th share in the profits. The new profit sharing ratio will be 4:2:1. The sacrificing ratio of Rohit and Mohit is-

Options:

2:5

3:5

4:5

5:3

Correct Answer:

3:5

Explanation:

The correct answer is option 2- 3:5.

Old ratio = 5:3 (Rohit & Mohit)
Bijoy admits with 1/7th share
New ratio = 4:2:1 (Rohit, Mohit & Bijoy)

Sacrificed share = Old share - New share

Sacrifice of R = 5/8 - 4/7
                    = (35-32)/56
                    = 3/56

Sacrifice of S = 3/8 - 2/7
                    = (21- 16)/56
                    = 5/56

Sacrificing ratio = 3/56 :5/56
                        = 3:5