Q.9. Radha and Rukmani are partners in a firm sharing profits in 3:2 ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of her share in favour of Gopi

Q.9. Radha and Rukmani are partners in a firm sharing profits in 3:2 ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of her share in favour of Gopi and Rukmani surrendered 1/4 of her share in favour of Gopi. Calculate new profit sharing ratio?

SOLUTION

Radha surrendered in favour of Gopi =

Rukmani surrendered in favour of Gopi =

Sacrificing Ratio = Old Ratio × Surrender Ratio

Radha,

Rukmani,

New Ratio = Old Ratio − Sacrificing Ratio

Radha.

Rukmani,

Gopi’s Share = Radha’s Sacrificing Ratio + Rukmani’s Sacrificing Ratio

5 6 7 8 9 10