Q. 1. A and B were partners in a firm sharing in a firm sharing profits and losses in the ratio of 3:2.They admit C into the partnership with 1/6 share in the profits . Calculate the new profit sharing ratio? = A : B old profit sharing ratio = 3:2 partner c admit for 1/6 share of profit, combined share after partner c admission = 1-1/6 =5/6 new ratio of the partners =old ratio X combined share of a and b a 's =3/5 X 5/6 =15/30 b's =2/5 X 5/6 =10/30 c's =1/6 Now , the new profit sharing ratio will be =A:B:C =15/30 : 10/30 : 1/6 =15/30 : 10/30 : 5/30 =3 : 2 : 1 Q. 2. A,B,C were partners in a firm sharing profits in 3:2:1 ratio . They admitted D for 10% profits . calculate the profit sharing ratio
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