Mohan and Mahesh are partners in a firm sharing profits and losses in the ratio of 3: 2. Nusrat is admitted as partner with 1 / 4 share in profit. Nusrat takes his share from Mohan and Mahesh in the ratio of 2: 1. Calculate new profit-sharing ratio.

SOLUTION

Old Profit-Sharing Ratio amongst Partners (Mohan and Mahesh) is 3: 2
Nusrat is admitted for 1 / 4th Share in Profits
Sacrificing Ratio of Mohan and Mahesh is 2: 1
Nusrat acquires = 2 / 3 × 1 / 4 = 2 / 12 from Mohan
Nusrat acquires = 1 / 3 × 1 / 4 = 1 / 12 from Mahesh

New ratio = old ratio – new ratio
Mohan‘s new share = 3 / 5 – 2 / 12 = 36 – 10 / 60 = 26 / 60

Mahesh ‘s new share = 2/5 – 1/12 = 24 – 5/60 = 19 / 60
Nusrat’s share = 1 / 4 = 15 / 60
New ratio = 26: 19: 15


Leave a Reply