Question

Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari. Calculate the new profit sharing ratio of Shiv and Hari.

Answer 1

Old ratio = Shiv : Mohan : Hari = 5 : 5 : 4

Mohan's share: `5/14`

His share is divided equally between Shiv and Hari:

`5/14 ÷ 2 = 5/28`

New shares:

Shiv: `5/14 + 5/28 = 15/28`

Hari: `4/14 = 5/28 = 13/28`

New profit sharing ratio = SHov : Hari = 15 : 13