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Question
Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 shares which she acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.
Options
4:3:3
4:3:2
3:2:3
2:3:3
MCQ
Solution
4:3:3
Explanation:
Jyoti's share = `3/10`
Ashu's new share = `3/5 - 2/10 = 4/10`
Nitu's new share = Old share - Share Surrendered = `2/5 - 1/10 = 3/10`
The new profit sharing ratio between Anshu, Nitu and Jyoti will be 4:3:3.
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Effect of Admission of a Partner on Change in the Profit Sharing Ratio
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