Question

Leela and Meeta were partners in a firm sharing profits and losses in the ratio of 7 : 3. Geeta was admitted as a new partner for a 3/13^th share in the profits of the firm. The new profit sharing ratio will be: 

Options

• 7 : 3 : 7

• 7 : 3 : 3

• 3 : 7 : 7

• 1 : 1 : 1

Answer 1

7 : 3 : 3

Explanation:

Old Ratio = 7 : 3

Leela's share = `7/10`

Meeta's share = `3/10`

Geeta's share = `3/13`

Share left = `1-3/13=10/13`

Leela's New share = `7/10xx10/13=7/13`

Meetal's New share = `3/10xx10/13=3/13`

New share = 7 : 3 : 3