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Solution - Admission of a Partner - Sacrifice Ratio and New Ratio

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Question

Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 5:3:2. They admitted Hari as a new partner for 1/5th share in the profit which he acquired from Ram and Mohan in the ratio of 3:2. Calculate the new profit sharing ratio of Ram, Mohan, Sohan and Hari.

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Solution for concept: Admission of a Partner - Sacrifice Ratio and New Ratio. For the courses 12th CBSE (Arts), 12th CBSE (Commerce), 12th CBSE (Science)
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