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Ravi and Kavi share profits in the fractions 3/4 and 1/4, respectively. Lavi is admitted as a new partner for a 1/8 share of profits. Ravi and Kavi each sacrifice 1/16 of their share. What is the new profit-sharing ratio?

Answer and explanation

Correct answer: रवि : कवि : लवि = 11 : 3 : 2

Ravi’s new share is 3/4 − 1/16 = 11/16, and Kavi’s new share is 1/4 − 1/16 = 3/16. Lavi’s share, 1/8, is 2/16. Thus, their new shares are 11/16 : 3/16 : 2/16, giving the ratio 11 : 3 : 2. The two sacrifices total 2/16 = 1/8, equal to Lavi’s share.

Related tags

Admission Of A PartnerNew Profit-Sharing RatioNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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