P, Q, R are partners sharing profits in 2 : 2 : 1, they admitted S for 1/8 share which he acquired entirely from P. Calculate new profit sharing ratio?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 11 : 16 : 8 : 5
Old shares: P = 2/5, Q = 2/5, R = 1/5. S takes 1/8 entirely from P.
P = 2/5 − 1/8 = 16/40 − 5/40 = 11/40
Q = 2/5 = 16/40; R = 1/5 = 8/40; S = 1/8 = 5/40
New ratio = 11 : 16 : 8 : 5
NCERT (2026-27 edition):
|
