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Rachna and Bhavna share profits in the ratio 2:7. Charu is admitted as a partner for a 1/9 share of the profits, taken from the old partners in their old ratio. What will be the new profit-sharing ratio?

Answer and explanation

Correct answer: Rachna : Bhavna : Charu = 16:56:9

Charu receives 1/9, leaving 8/9 of the profits for Rachna and Bhavna. They divide this remainder in their old ratio of 2:7: Rachna receives (8/9) × (2/9) = 16/81, and Bhavna receives (8/9) × (7/9) = 56/81. Charu’s share, 1/9, equals 9/81. Therefore, the new ratio is 16:56:9.

Related tags

AdmissionNew-Profit-Sharing-RatioPartnership-AccountsClass-12New Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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