(a) Ram and Shyam are partners sharing profits and losses in the raito of  7 12 : 5 12 .  They admit Gopi as a new partner for 1/6 th share, which he acquires equally from Ram and Shyam. Calculate the new profit ratios of the partners.
(b)  A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits , which he acquired 1/16th from B and 1/16th from C.
Calculate the new profit sharing ratio of A, B, C and D.

Dear Student,

Ram & Shyam=7:5 (Old ratio)Gopi's share=16Acquired from Ram=16×12=112Acquired from Shyam=16×12=112Ram's New Share=712-112=612Shyam's New Share=512-112=412Ram:Shyam:Gopi=612:412:16or612:412:212

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