Practicing Success
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? |
11 : 16 : 8 : 5 1 : 1 : 1 : 1 2 : 2 : 1 : 1 2 : 2 : 1 : 8 |
11 : 16 : 8 : 5 |
The correct answer is Option (1) → 11 : 16 : 8 : 5 Old ratio of P, Q & R= 2:2:1 Q's new share = 2/5 R's new share = 1/5 S's share = 1/8 So, new ratio = 11/40 : 16/40: 8/40: 5/40 |