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Question
Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 5:3:2. They admitted Hari as a new partner for 1/5th share in the profit which he acquired from Ram and Mohan in the ratio of 3:2. Calculate the new profit sharing ratio of Ram, Mohan, Sohan and Hari.
Solution
Profit Sharing Ratio of Ram,Mohan and Sohan = 5:3:2
Hari's share = 1/5 (acquired from Ram and Mohan in the ratio of 3:2)
Sohan's share = 2/10 (ratained original share)
`"Ram's sacrifice ="1/5xx3/5=3/25`
`"Mohan's sacrifice ="1/5xx2/5=2/25`
`"Ram's new share ="5/10-3/25=19/50`
`"Mohan's new share ="3/10-2/25=11/50`
`"New Ratio of Ram, Mohan, Sohan and Hari ="19/50:11/50:2/10:1/5" or "19:11:10:10`
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