Ownclasses

A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profits sharing ratio of A,B, C and D.

Answer

Profit Sharing Ratio of A, B and C = 3:2:1
 straight D apostrophe straight s space Share equals 1 over 8 left parenthesis acquired 1 over 16 th space share space each space from space straight B space and space straight C right parenthesis
straight A apostrophe straight s space Share equals 3 over 6 left parenthesis retained space original space share right parenthesis
straight B apostrophe straight s space new space share space equals space 2 over 6 minus 1 over 16 equals 13 over 48
straight C apostrophe straight s space new space share space equals 1 over 6 minus 1 over 16 equals 5 over 48
New space Ratio space of space straight A comma space straight B comma space straight C space and space straight D equals 3 over 6 colon 13 over 48 colon 5 over 48 colon 1 over 8 space or space 24 colon 13 colon 5 colon 6