Question 2 Chapter 5 of Class 12 Part – 1 Usha Publication
2. (NPS)Raman and Daman are partners sharing profits 25% and 75%. Pawan was admitted for 10% share in profits. Find out the new ratio.
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The video consists solution of question numbers from 1 to 11 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 02 from the flowing video by using time stamps of the video.
| Old Ratio of Raman and Daman | = | 25 : 75 |
| Pawan is admitted for 10% i.e.1/10 share of profit | ||
Let the total share of the business = 1
Remaining share of Raman & Daman = Total Share - Pawan’s Share
| Remaining share | = | 1 | - | 1 |
| 10 |
| = | 10-1 | |
| 10 | ||
| = | 9 |
| 10 |
To Calculate to New Ratio distribute the remaining share in the old ratio of old partners’
New Ratio = Combined share of X and Y x Old Ratio
| Raman’s New share | = | 9 | X | 25 |
| 10 | 100 |
| = | 9 |
| 40 |
| Daman’s New share | = | 9 | X | 75 |
| 10 | 100 |
| = | 27 |
| 40 |
| Pawan’s New share | = | 1 | X | 4 |
| 10 | 40 |
| = | 4 |
| 40 |
New Profit sharing Ratio between Raman, Daman and Pawan = 9: 27: 4
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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