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Question 11 Chapter 5 - Unimax Class 12 Part 1
11. A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the firm for 20% share. A, B, C and D would share profits in future among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate the new profit sharing ratio after E’s admission.
Let Total profit = 1
E’s Share =20%/100% =1/5
Remaining Profit = 1 -1/5 =5-1/5 =4/5
A’s new share =3/10 X 4/5 =6/25
B’s new share =4/10 X 4/5 =8/25
C’s new share =2/10 X 4/5 =4/25
D’s new share =1/10 X 4/5 =2/25
E’s share =1/5
New Profit Sharing Ratio = A : B : C : D : E
=6/25: 8/25: 4/25: 2/25: 1/5
= 6 : 8 : 4 : 2 : 5 Ans.
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