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Neeraj and Gopal share profits in the ratio 3:5. A new partner takes a 1/4 share. Neeraj sacrifices 1/6 of his old share, and Gopal sacrifices the remaining required amount. What is the new ratio?

Answer and explanation

Correct answer: 15:21:12

The governing rule is that the total sacrifice made by the old partners must equal the incoming partner’s share. The old ratio 3:5 gives Neeraj 3/8 and Gopal 5/8. Neeraj sacrifices 1/6 of his own old share, not 1/6 of the total profit; therefore his sacrifice is (1/6) × (3/8) = 1/16. The required total sacrifice is 1/4, so Gopal’s sacrifice is 1/4 − 1/16 = 4/16 − 1/16 = 3/16. Neeraj’s new share is 3/8 − 1/16 = 5/16, and Gopal’s is 5/8 − 3/16 = 7/16. The new partner receives 1/4 = 4/16. Thus the ratio is 5:7:4, equivalent to 15:21:12. Since option B gives that equivalent ratio, B is correct; option C is the unreduced form.

Related tags

Remaining-SacrificeFraction-Of-Old-ShareNew-RatioAdmission-Of-PartnerNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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