Question

Gupta and Sharma are partners in a firm sharing profit in the ratio of 4 : 1. They admitted Preeti as a new partner for 1/4^th share in the profits, which she acquired wholly from Gupta. New profit sharing ratio of Gupta, Sharma and Preeti will be ______.

Options

• 2 : 1 : 1

• 11 : 4 : 5

• 3 : 3 : 2

• 7 : 5 : 4

Answer 1

Gupta and Sharma are partners in a firm sharing profit in the ratio of 4 : 1. They admitted Preeti as a new partner for 1/4^th share in the profits, which she acquired wholly from Gupta. New profit sharing ratio of Gupta, Sharma and Preeti will be 11 : 4 : 5.

Explanation:

Gupta's New Share = `4/5 - 1/4 = (16 - 5)/20 = 11/20`

Sharma' s Share = `1/5 = 4/20`

Preeti' s Share = `1/4 = 5/20`