Naveen and Ghanshyam are partners in a firm sharing profits in the ratio of 3:2 . They admitted Daniel as a ne

Question

Naveen and Ghanshyam are partners in a firm sharing profits in the ratio of 3:2 . They admitted Daniel as a new partner for 1/4 share. The new profit sharing ratio between Naveen and Ghanshyam will be 2:1 . Calculate the New profit sharing ratio of Naveen, Ghanshyam and Daniel :

Accepted Answer

Let's calculate the new profit-sharing ratio methodically:Find Remaining Share:

Total Profit Share = 1

Daniel’s Share = \frac{1}{4}

Remaining Profit Share = 1 - \frac{1}{4} = \frac{3}{4}

Distribute Remaining Share between Naveen and Ghanshyam in their specified new combination (

2 : 1

):

Naveen’s New Share = \frac{2}{3} \times \frac{3}{4} = \frac{6}{12} = \frac{2}{4}

Ghanshyam’s New Share = \frac{1}{3} \times \frac{3}{4} = \frac{3}{12} = \frac{1}{4}

Daniel's Share with same denominator:

Daniel’s Share = \frac{1}{4}

Combining them gives the New Profit Sharing Ratio as

\frac{2}{4} : \frac{1}{4} : \frac{1}{4} ⟹ 2 : 1 : 1

.

Naveen and Ghanshyam are partners in a firm sharing profits in the ratio of $3 : 2$ . They admitted Daniel as a new partner for $\frac{1}{4}$ share. The new profit sharing ratio between Naveen and Ghanshyam will be $2 : 1$ . Calculate the New profit sharing ratio of Naveen, Ghanshyam and Daniel :

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Naveen and Ghanshyam are partners in a firm sharing profits in the ratio of 3:2. They admitted Daniel as a new partner for 41​ share. The new profit sharing ratio between Naveen and Ghanshyam will be 2:1. Calculate the New profit sharing ratio of Naveen, Ghanshyam and Daniel :