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X and Y share profit in the ratio of 5 : 3 the admit Z into the partnership with 1 /8 share in the profit on 1st April 2019. calculate new profit sharing ratio among the partners.

Posted by Dolly ?️ 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Amit Tiwari 6 years, 7 months ago

Let the total share be 1 Remaining share 1-1/8 = 7/8 X s' new share be 5/8 multiply 7/8 = 35/64 Ys'new share be 3/8 multiply 7/8= 21/64 And z share be 1/8 multiply 8/8 = 8/64 Now the ratio be. 35:21:8

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