Arvind and Vinod were partners sharing profits and losses in the ratio of 5 : 4. They admitted Sunil as a new partner. Arvind sacrificed 1/5th of his share and Vinod gave 1/18th of his share in favour of Sunil. Determine new profit sharing ratio between Arvind, Vinod and Sunil. |
32 : 35 : 23 36 : 34 : 11 8 : 7 : 3 1 : 1 : 1 |
36 : 34 : 11 |
The correct answer is Option 2- 36 : 34 : 11 Old ratio = (Arvind and Vinod) Arvind sacrifice = 5/9 x 1/5 Vinod sacrifice = 4/9 x 1/18 New share of Arvind = 5/9 - 5/45 New share of Vinod = 4/9 - 2/81 Share of sunil = 1/9 + 2/81 New ratio = 4/9 : 34/81 : 11/81 |