Q.12.Rao and Swami are partners in a firm sharing profits and losses in 3:2 ratio. They admit Ravi as a new partner for 1/8 share in the profits. The new profit sharing ratio between Rao and Swami is 4:3. Calculate new profit sharing ratio and sacrificing ratio?
Ravi’s share = 1/8
combime share of Rao and Swami = 1-1/8
=7/8
New ratio between Rao and Swami = 4:3
Rao’s new share =7/8 X 4/7
=28/56
Swami’s new share=7/8 X 3/7
=21/56
New profit Sharing ratio between Rao, Swami, Ravi is
=28/56 : 21/56 : 1/8
=28:21:7
=4:3:1
Rao’s sacrifice = 3/5-4/8 = 4/40
Swami’s sacrifice =2/5-3/8 = 1/40
Sacrificing retio between Rao and Swami is 4:1
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