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Worksheet on Calculation of New Ratio – Admission of a New Partner - PRASANTH VENPAKAL
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Ramu and Shiva are partners in a firm sharing profits in the ratio of 3:2. They admit Ghanesh as a new partner. Ramu surrenders 1/4 of his share and Shiva 1/3 of his share in favour of Ghanesh. Calculate new profit sharing ratio of Ramu, Shiv and Ghanesh.
Hari and Raj are partners in a firm sharing profits in the ratio of 4:3. They admit Jeeva as a new partner. Hari surrenders 1/4 of his share and Raj 1/3 of his share in favour of Jeeva. Calculate new profit sharing ratio of Hari, Shiv and Jeeva. ( TAKE 5 MINUTES TO SOLVE)
Aravind and Babu were partners in a firm sharing profits in 3:2 ratio. They admitted Chandran for 3/7 share which he took 2/7 from Aravind and 1/7 from Babu. Calculate new profit sharing ratio.(TAKE 3 MINUTES TO SOLVE)
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