A, B, C were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 3. They admit D into partnership. B surrenders 1/3 of his share and C surrenders 1/4 of his share in favour of D. Calculate new profit sharing ratio.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 16 : 8 : 9 : 7
Old shares: A = 4/10, B = 3/10, C = 3/10
B surrenders 1/3 of 3/10 = 1/10 = 4/40
C surrenders 1/4 of 3/10 = 3/40
D's share = 4/40 + 3/40 = 7/40
A = 4/10 = 16/40
B = 3/10 − 1/10 = 8/40
C = 3/10 − 3/40 = 12/40 − 3/40 = 9/40
New ratio A : B : C : D = 16 : 8 : 9 : 7
NCERT (2026-27 edition):
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