Mohan and Naresh are partners sharing profits and losses in the ratio 3:2.They admitted Suresh a handicapped unemployed engineering graduate as a partner for 1/4th share.Mohan And Naresh decise to share equally in future.Calculate new profit sharing ratio and sacrificing ratio
Dear student ,
calculation of new profit sharing ratio :
Suresh's share = 1/4
remaining share = 1-1/4 = 3/4
this is to be shared equally by Mohan and Naresh
hence the , new share of Mohan = 1/2*3/4 = 3/8
new share of Naresh = 1/2*3/4 = 3/8
Thus new profit sharing ratio = 3/8 : 3/8 : 1/4
or 3 : 3 : 2
Calculation of sacrificing ratio
sacrificing ratio = old ratio - new ratio
sacrifice made by Mohan = 3/5 - 3/8 = 24-15/40 = 9/40
sacrifice made by Naresh = 2/5 - 3/8 = 16-15/40 = 1/40
the sacrificing ratio between Mohan and Naresh = 9:1
Regards
calculation of new profit sharing ratio :
Suresh's share = 1/4
remaining share = 1-1/4 = 3/4
this is to be shared equally by Mohan and Naresh
hence the , new share of Mohan = 1/2*3/4 = 3/8
new share of Naresh = 1/2*3/4 = 3/8
Thus new profit sharing ratio = 3/8 : 3/8 : 1/4
or 3 : 3 : 2
Calculation of sacrificing ratio
sacrificing ratio = old ratio - new ratio
sacrifice made by Mohan = 3/5 - 3/8 = 24-15/40 = 9/40
sacrifice made by Naresh = 2/5 - 3/8 = 16-15/40 = 1/40
the sacrificing ratio between Mohan and Naresh = 9:1
Regards