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Jitendra and Dharmendra are partners in a firm sharing profit and losses in the ratio of 4:3 theadmit Hema Malini in partnership for 1/5 share of profits calculate new profit sharing ratio

Question

Jitendra and Dharmendra are partners in a firm sharing profit and losses in the ratio of 4:3 theadmit Hema Malini in partnership for 1/5 share of profits calculate new profit sharing ratio

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Solution 1

The new profit sharing ratio can be calculated as follows:

  1. First, we need to find out the total current share of Jitendra and Dharmendra, which is 4:3. This means they share profits in a ratio of 4/7 and 3/7 respectively.

  2. Hema Malini is admitted for 1/5 share of the profits. This means the remaining share for Jitendra and Dharmendra is 1 - 1/5 = 4/5.

  3. Now, we need to distribute this 4/5 share between Jitendra and Dharmendra in their original ratio of 4:3.

  4. Jitendra's new share will be 4/7 of 4/5 = 16/35.

  5. Dharmendra's new share will be 3/7 of 4/5 = 12/35.

  6. Hema Malini's share is 1/5 = 7/35.

So, the new profit sharing ratio of Jitendra, Dharmendra and Hema Malini is 16:12:7.

This problem has been solved

Solution 2

The new profit sharing ratio can be calculated as follows:

  1. First, we need to find out the total current share of Jitendra and Dharmendra. They share profits and losses in the ratio of 4:3, which means their total share is 4+3 = 7.

  2. Hema Malini is admitted in the partnership for 1/5 share of the profits. This means the remaining share for Jitendra and Dharmendra is 1 - 1/5 = 4/5.

  3. Now, we need to distribute this 4/5 share between Jitendra and Dharmendra in their original ratio of 4:3.

  4. Jitendra's new share = 4/7 * 4/5 = 16/35.

  5. Dharmendra's new share = 3/7 * 4/5 = 12/35.

  6. Hema Malini's share = 1/5 = 7/35.

So, the new profit sharing ratio of Jitendra, Dharmendra and Hema Malini is 16:12:7.

This problem has been solved

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